Mplx Lp (NYSE:MPLX) Stock Holdings Trimmed by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA trimmed its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 848,333 shares of the pipeline company's stock after selling 20,446 shares during the quarter. Mplx accounts for about 6.7% of Beach Investment Counsel Inc. PA's portfolio, making the stock its 3rd largest position. Beach Investment Counsel Inc. PA owned approximately 0.08% of Mplx worth $45,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CFO4Life Group LLC lifted its position in Mplx by 1.1% during the 4th quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company's stock worth $919,000 after acquiring an additional 200 shares during the period. RE Dickinson Investment Advisors LLC lifted its position in Mplx by 11.5% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock worth $96,000 after acquiring an additional 208 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Mplx by 1.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,520 shares of the pipeline company's stock worth $1,030,000 after acquiring an additional 231 shares during the period. GraniteShares Advisors LLC lifted its position in Mplx by 0.5% during the 4th quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company's stock worth $2,462,000 after acquiring an additional 237 shares during the period. Finally, Curi RMB Capital LLC lifted its position in Mplx by 1.2% during the 4th quarter. Curi RMB Capital LLC now owns 25,385 shares of the pipeline company's stock worth $1,215,000 after acquiring an additional 290 shares during the period. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MPLX. Barclays lowered their price target on Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Morgan Stanley lifted their price target on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Royal Bank of Canada lifted their price target on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Finally, Wall Street Zen cut Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. One equities research 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's stock. According to MarketBeat, Mplx currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.50.

Mplx Stock Performance

Shares of MPLX stock opened at $51.34 on Friday. The stock has a market cap of $52.41 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.69 and a beta of 0.74. The business has a 50-day simple moving average of $50.42 and a 200-day simple moving average of $50.91. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Mplx Lp has a 52-week low of $39.95 and a 52-week high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, equities analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a $0.9565 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a yield of 7.45%. Mplx's payout ratio is 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.

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