Mplx Lp (NYSE:MPLX) is TrueMark Investments LLC's 7th Largest Position

TrueMark Investments LLC grew its position in Mplx Lp (NYSE:MPLX - Free Report) by 22.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,451 shares of the pipeline company's stock after acquiring an additional 25,756 shares during the quarter. Mplx comprises approximately 1.9% of TrueMark Investments LLC's portfolio, making the stock its 7th biggest position. TrueMark Investments LLC's holdings in Mplx were worth $7,410,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. CFO4Life Group LLC boosted its holdings in shares of Mplx by 1.1% in the fourth quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company's stock valued at $919,000 after acquiring an additional 200 shares during the period. RE Dickinson Investment Advisors LLC boosted its holdings in shares of Mplx by 11.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock valued at $96,000 after acquiring an additional 208 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Mplx by 1.1% during the fourth 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. GraniteShares Advisors LLC lifted its holdings in shares of Mplx by 0.5% during the fourth quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company's stock worth $2,462,000 after purchasing an additional 237 shares during the period. Finally, Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Mplx by 1.8% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 14,743 shares of the pipeline company's stock worth $789,000 after purchasing an additional 254 shares during the period. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Price Performance

Mplx stock traded down $0.73 during midday trading on Thursday, reaching $51.23. The company's stock had a trading volume of 2,294,176 shares, compared to its average volume of 1,668,857. Mplx Lp has a fifty-two week low of $39.95 and a fifty-two week high of $54.87. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.08. The stock's 50 day simple moving average is $51.07 and its 200 day simple moving average is $51.06. The firm has a market capitalization of $52.30 billion, a PE ratio of 11.83, a P/E/G ratio of 1.61 and a beta of 0.74.

Mplx (NYSE:MPLX - Get Free Report) last released its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, beating 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 the consensus estimate of $3.15 billion. During the same quarter last year, the company earned $0.98 earnings per share. Mplx's quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date was Friday, May 9th. Mplx's dividend payout ratio (DPR) is currently 88.45%.

Analyst Upgrades and Downgrades

MPLX has been the subject of several recent research reports. Wall Street Zen downgraded Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Morgan Stanley increased their price target on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Barclays decreased their price target on Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, Royal Bank Of Canada increased their price target on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.50.

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.