Stratos Wealth Partners LTD. Sells 12,400 Shares of Mplx Lp (NYSE:MPLX)

Stratos Wealth Partners LTD. decreased its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 24.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,983 shares of the pipeline company's stock after selling 12,400 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Mplx were worth $2,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new position in Mplx in the fourth quarter worth $31,000. Rossby Financial LCC purchased a new position in Mplx in the first quarter worth $33,000. JFS Wealth Advisors LLC purchased a new position in Mplx in the first quarter worth $37,000. MorganRosel Wealth Management LLC purchased a new position in Mplx in the first quarter worth $48,000. Finally, Generali Asset Management SPA SGR purchased a new position in Mplx in the fourth quarter worth $56,000. Institutional investors own 24.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MPLX. Royal Bank Of Canada boosted their price objective on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Barclays boosted their price objective on Mplx from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.63.

Mplx Stock Performance

Shares of NYSE MPLX traded up $0.25 during trading on Friday, reaching $50.71. 1,077,816 shares of the stock traded hands, compared to its average volume of 1,656,519. Mplx Lp has a 52-week low of $39.95 and a 52-week 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 company has a 50-day moving average of $50.98 and a 200-day moving average of $51.32. The stock has a market capitalization of $51.76 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.58 and a beta of 0.73.

Mplx (NYSE:MPLX - Get Free Report) last issued its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.07 by $0.03. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. Analysts forecast that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a $0.9565 dividend. The ex-dividend date was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a yield of 7.54%. Mplx's dividend payout ratio is currently 88.45%.

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.