Wealth Enhancement Advisory Services LLC Raises Position in Mplx Lp (NYSE:MPLX)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 17.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,988 shares of the pipeline company's stock after purchasing an additional 15,807 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Mplx were worth $5,833,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MPLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Mplx by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company's stock valued at $330,448,000 after acquiring an additional 266,998 shares in the last quarter. Bramshill Investments LLC boosted its holdings in Mplx by 71.4% in the 4th quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company's stock valued at $1,442,000 after purchasing an additional 12,556 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Mplx by 9,134.1% during the 4th quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company's stock worth $557,000 after acquiring an additional 11,509 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Mplx by 221.9% during the 4th 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 period. Finally, Blair William & Co. IL increased its position in Mplx by 47.5% during the 4th quarter. Blair William & Co. IL now owns 18,520 shares of the pipeline company's stock worth $886,000 after purchasing an additional 5,965 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Stock Performance

Shares of MPLX traded up $0.37 during trading hours on Friday, hitting $51.59. The stock had a trading volume of 1,283,808 shares, compared to its average volume of 1,671,827. The stock has a fifty day moving average price of $51.10 and a 200 day moving average price of $51.12. Mplx Lp has a 12 month low of $39.95 and a 12 month high of $54.87. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 1.04. The firm has a market capitalization of $52.66 billion, a PE ratio of 11.91, a PEG ratio of 1.60 and a beta of 0.74.

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

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a $0.9565 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 annualized dividend and a yield of 7.42%. Mplx's dividend payout ratio (DPR) is currently 88.45%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Barclays lowered their price objective on shares of Mplx from $55.00 to $52.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Wall Street Zen lowered Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Finally, Royal Bank Of Canada upped their target price on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Mplx currently has an average rating of "Moderate Buy" and an average target price of $55.50.

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.