Crescent Grove Advisors LLC Buys 24,542 Shares of Mplx Lp (NYSE:MPLX)

Crescent Grove Advisors LLC increased its position in Mplx Lp (NYSE:MPLX - Free Report) by 38.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,143 shares of the pipeline company's stock after buying an additional 24,542 shares during the quarter. Crescent Grove Advisors LLC's holdings in Mplx were worth $4,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MPLX. VSM Wealth Advisory LLC bought a new position in Mplx during the 4th quarter worth approximately $31,000. JFS Wealth Advisors LLC bought a new position in shares of Mplx in the first quarter worth approximately $37,000. PSI Advisors LLC increased its stake in shares of Mplx by 32.5% in the first quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company's stock worth $59,000 after buying an additional 270 shares during the period. Generali Asset Management SPA SGR bought a new stake in Mplx during the 4th quarter valued at $56,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in Mplx during the 1st quarter valued at $67,000. Hedge funds and other institutional investors own 24.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Barclays dropped their price objective on Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, Morgan Stanley boosted their target price on Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.50.

Mplx Stock Down 1.4%

Mplx stock traded down $0.71 during trading hours on Tuesday, hitting $50.80. 1,768,286 shares of the stock traded hands, compared to its average volume of 1,713,469. Mplx Lp has a one year low of $39.95 and a one year high of $54.87. The firm's 50-day moving average price is $51.14 and its two-hundred day moving average price is $51.14. 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 cap of $51.86 billion, a PE ratio of 11.73, a PEG ratio of 1.60 and a beta of 0.74.

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

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date was Friday, May 9th. Mplx's dividend payout ratio is presently 88.45%.

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.