9,000 Shares in Mplx Lp $MPLX Acquired by Northstar Advisory Group LLC

Key Points

• Northstar Advisory Group LLC invested approximately $464,000 in Mplx LP, purchasing 9,000 shares during the second quarter.
• Analysts have varied opinions on Mplx, with price targets ranging from $53.00 to $60.00, and a consensus target price of $55.89.
• Mplx declared a quarterly dividend of $0.9565 per share, translating to a 7.5% yield for investors.

Northstar Advisory Group LLC bought a new position in Mplx Lp (NYSE:MPLX - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 9,000 shares of the pipeline company's stock, valued at approximately $464,000.

Several other institutional investors and hedge funds have also bought and sold shares of MPLX. Colonial River Investments LLC lifted its position in Mplx by 1.8% in the first quarter. Colonial River Investments LLC now owns 11,603 shares of the pipeline company's stock valued at $621,000 after buying an additional 200 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in Mplx by 1.8% in the first quarter. Axxcess Wealth Management LLC now owns 11,603 shares of the pipeline company's stock valued at $621,000 after purchasing an additional 200 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Mplx by 1.1% during the fourth 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 last quarter. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Mplx by 1.8% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 14,743 shares of the pipeline company's stock worth $789,000 after purchasing an additional 254 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV lifted its holdings in Mplx by 11.7% in the second quarter. Rowlandmiller & PARTNERS.ADV now owns 2,434 shares of the pipeline company's stock valued at $125,000 after acquiring an additional 254 shares during the period. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Trading Down 0.4%

Shares of MPLX stock traded down $0.21 during mid-day trading on Friday, hitting $50.55. The company's stock had a trading volume of 607,877 shares, compared to its average volume of 1,578,691. Mplx Lp has a 52 week low of $43.53 and a 52 week high of $54.87. The company has a market cap of $51.51 billion, a PE ratio of 12.00, a P/E/G ratio of 1.39 and a beta of 0.74. The company's fifty day simple moving average is $50.75 and its 200-day simple moving average is $51.11. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.97 and a current ratio of 1.03.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.05). The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.13 billion. Mplx had a return on equity of 30.95% and a net margin of 35.44%.The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.15 EPS. As a group, equities research analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.9565 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.83 annualized dividend and a yield of 7.6%. Mplx's dividend payout ratio (DPR) is currently 90.97%.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays lifted their price target on Mplx from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Morgan Stanley upped their price objective on Mplx from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 26th. Stifel Nicolaus upped their price objective on Mplx from $57.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded Mplx from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mplx presently has a consensus rating of "Moderate Buy" and an average target price of $55.89.

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.