Northstar Advisory Group LLC Invests $464,000 in Mplx Lp $MPLX

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 purchased a new position in shares of Mplx Lp (NYSE:MPLX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,000 shares of the pipeline company's stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rossby Financial LCC acquired a new position in Mplx in the first quarter valued at $33,000. JFS Wealth Advisors LLC bought a new stake in Mplx in the first quarter valued at $37,000. Wealth Preservation Advisors LLC bought a new stake in Mplx in the first quarter valued at $44,000. MorganRosel Wealth Management LLC bought a new stake in Mplx in the first quarter valued at $48,000. Finally, PSI Advisors LLC increased its stake in Mplx by 32.5% in the first quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company's stock valued at $59,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company's stock.

Analysts Set New Price Targets

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

Mplx Trading Up 0.4%

NYSE:MPLX opened at $51.04 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.97. The firm has a 50-day moving average of $50.72 and a 200-day moving average of $51.15. The company has a market cap of $52.01 billion, a PE ratio of 12.12, a PEG ratio of 1.39 and a beta of 0.74. Mplx Lp has a one year low of $43.35 and a one year high of $54.87.

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

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a dividend of $0.9565 per share. The ex-dividend date was Friday, August 8th. This represents a $3.83 annualized dividend and a yield of 7.5%. Mplx's payout ratio is 90.97%.

Mplx Company 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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