Obermeyer Wealth Partners Has $1.88 Million Holdings in Mplx Lp (NYSE:MPLX)

Obermeyer Wealth Partners increased its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 18.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,181 shares of the pipeline company's stock after purchasing an additional 5,476 shares during the quarter. Obermeyer Wealth Partners' holdings in Mplx were worth $1,883,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MPLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Mplx by 4.0% during the 4th 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 in the last quarter. Bramshill Investments LLC grew its stake in shares of Mplx by 71.4% during the 4th quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company's stock worth $1,442,000 after acquiring an additional 12,556 shares in the last quarter. Neuberger Berman Group LLC grew its stake 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 in the last quarter. Blair William & Co. IL grew its stake in shares of 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 acquiring an additional 5,965 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Mplx by 17.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 108,988 shares of the pipeline company's stock worth $5,833,000 after acquiring an additional 15,807 shares in the last quarter. 24.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an "overweight" rating and issued a $53.00 target price (up from $52.00) on shares of Mplx in a research note on Friday, July 11th. One research 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. According to data from MarketBeat.com, Mplx presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.63.

Mplx Price Performance

MPLX stock traded up $0.53 during midday trading on Wednesday, reaching $50.98. The company had a trading volume of 665,202 shares, compared to its average volume of 1,646,336. Mplx Lp has a 1-year low of $39.95 and a 1-year 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 stock has a 50 day moving average price of $51.08 and a 200-day moving average price of $51.44. The company has a market capitalization of $52.04 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.31 and a beta of 0.73.

Mplx (NYSE:MPLX - Get Free Report) last released its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share (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 firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts expect that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The company also recently declared 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 7.50%. The ex-dividend date of this dividend was Friday, May 9th. Mplx's dividend payout ratio (DPR) is currently 88.22%.

Mplx 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.