Mplx Lp (NYSE:MPLX) Shares Acquired by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP lifted its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 38.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,788,063 shares of the pipeline company's stock after acquiring an additional 2,153,490 shares during the quarter. Mplx accounts for about 9.2% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 4th biggest position. Kayne Anderson Capital Advisors LP owned approximately 0.76% of Mplx worth $416,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MPLX. Rossby Financial LCC bought a new stake in shares of Mplx during the first quarter valued at approximately $33,000. JFS Wealth Advisors LLC bought a new position in shares of Mplx in the first quarter valued at $37,000. MorganRosel Wealth Management LLC bought a new position in shares of Mplx in the first quarter valued at $48,000. PSI Advisors LLC grew 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 worth $59,000 after purchasing an additional 270 shares in the last quarter. Finally, Private Trust Co. NA purchased a new position in Mplx during the 1st quarter worth approximately $65,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays restated an "overweight" rating and set a $53.00 price target (up from $52.00) on shares of Mplx in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $55.63.

Mplx Stock Up 0.8%

NYSE:MPLX traded up $0.42 during trading hours on Thursday, reaching $51.35. The company's stock had a trading volume of 402,100 shares, compared to its average volume of 1,621,316. The company has a market cap of $52.41 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.31 and a beta of 0.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 1.04. Mplx Lp has a one year low of $39.95 and a one year high of $54.87. The business's 50-day moving average is $51.11 and its 200-day moving average is $51.45.

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

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date was Friday, May 9th. Mplx's dividend payout ratio is 88.45%.

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.