Brookstone Capital Management Has $1.86 Million Stake in Mplx Lp (NYSE:MPLX)

Brookstone Capital Management raised its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 50.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,794 shares of the pipeline company's stock after purchasing an additional 11,633 shares during the quarter. Brookstone Capital Management's holdings in Mplx were worth $1,862,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Mplx by 1,067.7% in the fourth quarter. Jones Financial Companies Lllp now owns 5,932 shares of the pipeline company's stock worth $284,000 after acquiring an additional 5,424 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Mplx in the fourth quarter worth $41,917,000. Larson Financial Group LLC boosted its holdings in Mplx by 9,134.1% in the fourth quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company's stock worth $557,000 after purchasing an additional 11,509 shares in the last quarter. Simplicity Wealth LLC boosted its holdings in Mplx by 3.3% in the fourth quarter. Simplicity Wealth LLC now owns 162,749 shares of the pipeline company's stock worth $7,789,000 after purchasing an additional 5,164 shares in the last quarter. Finally, Objectivity Squared LLC boosted its holdings in Mplx by 2.6% in the fourth quarter. Objectivity Squared LLC now owns 89,125 shares of the pipeline company's stock worth $4,309,000 after purchasing an additional 2,246 shares in the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Royal Bank Of Canada upped their price target on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Monday, March 17th. Finally, Morgan Stanley upped their price target on shares of Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. One 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.50.

Mplx Stock Performance

Shares of NYSE MPLX traded down $0.30 during mid-day trading on Monday, hitting $50.74. The company had a trading volume of 871,382 shares, compared to its average volume of 1,669,695. 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 business's 50-day simple moving average is $51.08 and its 200-day simple moving average is $51.25. Mplx Lp has a 12 month low of $39.95 and a 12 month high of $54.87. The firm has a market cap of $51.80 billion, a P/E ratio of 11.72, a PEG ratio of 1.58 and a beta of 0.73.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly 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. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a net margin of 36.34% and a return on equity of 32.08%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. As a group, analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a dividend yield of 7.54%. The ex-dividend date was Friday, May 9th. Mplx's 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.