Integrity Alliance LLC. Invests $712,000 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 shares of Mplx Lp (NYSE:MPLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,299 shares of the pipeline company's stock, valued at approximately $712,000.

Other large investors also recently bought and sold shares of the company. Rossby Financial LCC purchased a new position in Mplx during the 1st quarter valued at about $33,000. JFS Wealth Advisors LLC purchased a new position in Mplx during the 1st quarter valued at about $37,000. Wealth Preservation Advisors LLC purchased a new position in Mplx during the 1st quarter valued at about $44,000. MorganRosel Wealth Management LLC purchased a new position in Mplx during the 1st quarter valued at about $48,000. Finally, PSI Advisors LLC lifted its position in Mplx by 32.5% during the 1st quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company's stock valued at $59,000 after acquiring an additional 270 shares during the period. 24.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MPLX has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Mplx from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Stifel Nicolaus lifted 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. Morgan Stanley lifted their target price on shares of Mplx from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen cut shares of Mplx from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $55.89.

Mplx Stock Performance

Shares of MPLX stock traded down $0.01 during trading hours on Wednesday, reaching $51.05. The company had a trading volume of 301,855 shares, compared to its average volume of 1,583,001. The business has a fifty day moving average price of $50.74 and a 200-day moving average price of $51.13. Mplx Lp has a one year low of $43.53 and a one year high of $54.87. The firm has a market cap of $52.02 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.97 and a current ratio of 1.03.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The pipeline company reported $1.03 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 company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The business's revenue was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

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

About Mplx

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.