CFM Wealth Partners LLC Increases Holdings in Mplx Lp (NYSE:MPLX)

CFM Wealth Partners LLC lifted its holdings in Mplx Lp (NYSE:MPLX - Free Report) by 13.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,876 shares of the pipeline company's stock after acquiring an additional 4,955 shares during the period. CFM Wealth Partners LLC's holdings in Mplx were worth $2,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ieq Capital LLC purchased a new position in Mplx during the fourth quarter worth $219,000. IFP Advisors Inc boosted its stake in shares of Mplx by 24.6% during the 4th quarter. IFP Advisors Inc now owns 8,792 shares of the pipeline company's stock worth $421,000 after purchasing an additional 1,736 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Mplx by 2.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 33,834 shares of the pipeline company's stock worth $1,619,000 after purchasing an additional 663 shares during the period. Mutual of America Capital Management LLC grew its holdings in Mplx by 6.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 51,505 shares of the pipeline company's stock valued at $2,465,000 after purchasing an additional 3,172 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in Mplx in the 4th quarter worth about $286,000. Hedge funds and other institutional investors own 24.25% of the company's stock.

Mplx Price Performance

MPLX opened at $51.59 on Friday. The company has a market capitalization of $52.66 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.60 and a beta of 0.74. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. Mplx Lp has a 12-month low of $39.95 and a 12-month high of $54.87. The business's fifty day simple moving average is $51.10 and its 200-day simple moving average is $51.10.

Mplx (NYSE:MPLX - Get Free Report) last issued its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.03. Mplx had a net margin of 36.34% and a return on equity of 32.08%. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend was Friday, May 9th. Mplx's dividend payout ratio (DPR) is 88.45%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MPLX. Barclays decreased their price target on Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Royal Bank Of Canada lifted their target price on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Wall Street Zen cut shares of Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Finally, Morgan Stanley lifted their price objective on shares of Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.50.

Mplx Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.

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