Jackson Hole Capital Partners LLC Has $3.16 Million Stock Position in Mplx Lp (NYSE:MPLX)

Jackson Hole Capital Partners LLC decreased its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,110 shares of the pipeline company's stock after selling 4,958 shares during the quarter. Jackson Hole Capital Partners LLC's holdings in Mplx were worth $3,164,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP lifted its stake in shares of Mplx by 38.2% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 7,788,063 shares of the pipeline company's stock valued at $416,817,000 after purchasing an additional 2,153,490 shares during the period. FMR LLC lifted its stake in Mplx by 141.1% in the fourth quarter. FMR LLC now owns 1,985,181 shares of the pipeline company's stock valued at $95,011,000 after buying an additional 1,161,714 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mplx during the fourth quarter worth $41,917,000. Neuberger Berman Group LLC boosted its stake in Mplx by 221.9% in the 4th quarter. Neuberger Berman Group LLC now owns 643,995 shares of the pipeline company's stock worth $30,822,000 after purchasing an additional 443,910 shares during the period. Finally, Fractal Investments LLC grew its holdings in shares of Mplx by 18.1% during the first quarter. Fractal Investments LLC now owns 2,256,503 shares of the pipeline company's stock worth $120,768,000 after buying an additional 345,654 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company's stock.

Mplx Stock Down 0.6%

Shares of NYSE MPLX traded down $0.33 during mid-day trading on Friday, hitting $50.99. The company had a trading volume of 1,272,826 shares, compared to its average volume of 960,276. Mplx Lp has a one year low of $39.95 and a one year high of $54.87. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $52.05 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73. The firm has a 50-day simple moving average of $51.09 and a two-hundred day simple moving average of $51.49.

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

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date was Friday, May 9th. Mplx's dividend payout ratio is presently 88.45%.

Wall Street Analysts Forecast Growth

Separately, Barclays raised their price target on shares of Mplx from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mplx currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.63.

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.