Jump Financial LLC Buys 92,196 Shares of MPLX LP $MPLX

Key Points

• Jump Financial LLC increased its stake in Mplx Lp by 349.2% in the first quarter, acquiring an additional 92,196 shares and totaling 118,600 shares valued at $6.35 million.
• The recent earnings report from Mplx showed an EPS of $1.03, which missed the consensus estimate and reflected a 1.6% year-over-year revenue decline.
• Mplx declared a quarterly dividend of $0.9565, representing an annualized yield of 7.5%, with a dividend payout ratio of approximately 90.97%.

Jump Financial LLC grew its position in MPLX LP (NYSE:MPLX - Free Report) by 349.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 118,600 shares of the pipeline company's stock after acquiring an additional 92,196 shares during the period. Jump Financial LLC's holdings in MPLX were worth $6,347,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MPLX. Rossby Financial LCC bought a new position in shares of MPLX in the 1st quarter valued at $33,000. JFS Wealth Advisors LLC bought a new position in shares of MPLX in the 1st quarter valued at $37,000. MorganRosel Wealth Management LLC acquired a new stake in MPLX in the first quarter valued at $48,000. PSI Advisors LLC increased its holdings in MPLX by 32.5% in the first quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company's stock valued at $59,000 after purchasing an additional 270 shares during the period. Finally, Private Trust Co. NA acquired a new stake in MPLX in the first quarter valued at $65,000. 24.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MPLX shares. Barclays increased their price objective on MPLX from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wall Street Zen downgraded MPLX from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley increased their price objective on MPLX from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Stifel Nicolaus increased their price objective on MPLX from $57.00 to $60.00 and gave the company 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.89.

MPLX Trading Up 1.0%

MPLX stock traded up $0.50 during trading hours on Friday, reaching $50.93. 1,340,648 shares of the company's stock were exchanged, compared to its average volume of 1,522,122. 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's 50 day simple moving average is $50.86 and its 200 day simple moving average is $51.36. MPLX LP has a twelve month low of $42.06 and a twelve month high of $54.87. The firm has a market capitalization of $51.90 billion, a PE ratio of 12.10, a PEG ratio of 1.36 and a beta of 0.73.

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 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 analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. The business's revenue was down 1.6% on a year-over-year basis. Research analysts predict that MPLX LP will post 4.41 earnings per share for the current year.

MPLX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 7.5%. The ex-dividend date was Friday, August 8th. MPLX's dividend payout ratio (DPR) is presently 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.