20,287 Shares in Mplx Lp $MPLX Bought by Delta Investment Management LLC

Key Points

• Delta Investment Management LLC has acquired a new position in Mplx Lp, purchasing 20,287 shares valued at approximately $1,086,000 in the first quarter.
• Multiple institutional investors, including Goldman Sachs and Kayne Anderson Capital Advisors, have increased their holdings in Mplx, reflecting growing interest in the company.
• Shares of Mplx recently reported a quarterly EPS of $1.03, missing the consensus estimate by $0.05, while the company also declared a quarterly dividend yielding 7.5%.

Delta Investment Management LLC bought a new position in shares of Mplx Lp (NYSE:MPLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,287 shares of the pipeline company's stock, valued at approximately $1,086,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Mplx by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company's stock worth $330,448,000 after purchasing an additional 266,998 shares during the last quarter. Bramshill Investments LLC boosted its stake in Mplx by 71.4% during the 4th quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company's stock worth $1,442,000 after purchasing an additional 12,556 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Mplx by 17.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 108,988 shares of the pipeline company's stock worth $5,833,000 after purchasing an additional 15,807 shares during the last quarter. Obermeyer Wealth Partners boosted its position in shares of Mplx by 18.4% during the 1st quarter. Obermeyer Wealth Partners now owns 35,181 shares of the pipeline company's stock valued at $1,883,000 after acquiring an additional 5,476 shares during the last quarter. Finally, Jump Financial LLC boosted its position in shares of Mplx by 349.2% during the 1st quarter. Jump Financial LLC now owns 118,600 shares of the pipeline company's stock valued at $6,347,000 after acquiring an additional 92,196 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MPLX. Stifel Nicolaus boosted their price target on shares of Mplx from $57.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Morgan Stanley boosted their price target on shares of Mplx from $57.00 to $60.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of Mplx from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Barclays boosted their price objective on shares of Mplx from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Mplx has a consensus rating of "Moderate Buy" and a consensus price target of $55.89.

Mplx Trading Up 1.0%

NYSE:MPLX traded up $0.50 on Monday, reaching $50.93. 1,340,648 shares of the company's stock were exchanged, compared to its average volume of 1,522,597. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $51.90 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.36 and a beta of 0.74. The business has a fifty day moving average of $50.86 and a 200-day moving average of $51.35. Mplx Lp has a 52-week low of $42.06 and a 52-week high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The pipeline company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.05). Mplx had a return on equity of 30.95% and a net margin of 35.44%.The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter last year, the company earned $1.15 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts expect that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.5%. The ex-dividend date was Friday, August 8th. Mplx's dividend payout ratio is currently 90.97%.

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.