Integrity Alliance LLC. Makes New Investment in MPLX LP $MPLX

Key Points

• Integrity Alliance LLC invested $712,000 in Mplx Lp by acquiring 13,299 shares during the first quarter.
• Mplx reported earnings per share (EPS) of $1.03 for the quarter, missing analysts' expectations by $0.05, with a year-over-year revenue decline of 1.6%.
• The company declared a quarterly dividend of $0.9565, resulting in an annualized yield of 7.5% and a dividend payout ratio of 90.97%.

Integrity Alliance LLC. purchased a new stake in MPLX LP (NYSE:MPLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,299 shares of the pipeline company's stock, valued at approximately $712,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MPLX. Colonial River Investments LLC grew its position in MPLX by 1.8% in the 1st quarter. Colonial River Investments LLC now owns 11,603 shares of the pipeline company's stock worth $621,000 after purchasing an additional 200 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of MPLX by 1.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 11,603 shares of the pipeline company's stock valued at $621,000 after purchasing an additional 200 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of MPLX by 1.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,520 shares of the pipeline company's stock worth $1,030,000 after purchasing an additional 231 shares during the period. Cherry Creek Investment Advisors Inc. boosted its holdings in shares of MPLX by 1.8% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 14,743 shares of the pipeline company's stock worth $789,000 after buying an additional 254 shares during the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of MPLX by 2.2% in the 1st quarter. Stratos Wealth Advisors LLC now owns 12,157 shares of the pipeline company's stock worth $651,000 after buying an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays raised their price objective on shares of MPLX from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Morgan Stanley boosted their price objective on MPLX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 26th. Wall Street Zen cut shares of MPLX from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus upped their target price on shares of MPLX from $57.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.89.

MPLX Price Performance

Shares of MPLX traded up $0.20 during trading hours on Friday, reaching $51.04. 1,382,783 shares of the company's stock traded hands, compared to its average volume of 1,172,922. MPLX LP has a 12 month low of $43.35 and a 12 month high of $54.87. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40. The stock has a market cap of $52.01 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.39 and a beta of 0.74. The firm's 50 day simple moving average is $50.72 and its 200-day simple moving average is $51.15.

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

MPLX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, August 8th. MPLX's payout ratio is currently 90.97%.

MPLX Company 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.