Mplx Lp (NYSE:MPLX) Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 493,681 shares of the pipeline company's stock after buying an additional 8,998 shares during the quarter. Mplx makes up 0.8% of U.S. Capital Wealth Advisors LLC's holdings, making the stock its 17th largest holding. U.S. Capital Wealth Advisors LLC's holdings in Mplx were worth $26,422,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Mplx by 141.1% in the fourth quarter. FMR LLC now owns 1,985,181 shares of the pipeline company's stock worth $95,011,000 after purchasing an additional 1,161,714 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Mplx in the fourth quarter valued at approximately $41,917,000. Neuberger Berman Group LLC boosted its stake in shares of Mplx by 221.9% in the fourth quarter. Neuberger Berman Group LLC now owns 643,995 shares of the pipeline company's stock worth $30,822,000 after acquiring an additional 443,910 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in shares of Mplx by 21.0% in the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,822,709 shares of the pipeline company's stock worth $97,551,000 after acquiring an additional 315,747 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Mplx by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company's stock worth $330,448,000 after acquiring an additional 266,998 shares during the last quarter. Institutional investors own 24.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MPLX. Royal Bank Of Canada lifted their price target on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. Morgan Stanley lifted their price target on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Barclays lowered their price objective on Mplx from $55.00 to $52.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $55.50.

Mplx Stock Down 0.6%

NYSE MPLX traded down $0.30 during trading hours on Monday, hitting $50.74. 871,382 shares of the company were exchanged, compared to its average volume of 1,669,695. The company has a 50 day moving average of $51.08 and a two-hundred day moving average of $51.25. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. Mplx Lp has a 52-week low of $39.95 and a 52-week high of $54.87. The firm has a market cap of $51.80 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.58 and a beta of 0.73.

Mplx (NYSE:MPLX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the business earned $0.98 EPS. Mplx's revenue was up 9.8% on a year-over-year basis. Equities research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $0.9565 dividend. The ex-dividend date was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.54%. Mplx's payout ratio is currently 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.