ORG Partners LLC Boosts Stock Holdings in Mplx Lp (NYSE:MPLX)

ORG Partners LLC grew its position in Mplx Lp (NYSE:MPLX - Free Report) by 365.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,612 shares of the pipeline company's stock after acquiring an additional 5,978 shares during the quarter. ORG Partners LLC's holdings in Mplx were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. VSM Wealth Advisory LLC acquired a new position in Mplx in the 4th quarter valued at $31,000. Generali Asset Management SPA SGR purchased a new position in Mplx during the fourth quarter worth about $56,000. PSI Advisors LLC lifted its position 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 during the period. Russell Investments Group Ltd. boosted its holdings in Mplx by 139.6% in the 4th quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 1,040 shares in the last quarter. Finally, RE Dickinson Investment Advisors LLC raised its stake in shares of 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 buying an additional 208 shares in the last quarter. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Mplx Price Performance

Shares of Mplx stock traded up $0.73 during trading on Tuesday, hitting $51.86. 1,114,294 shares of the company were exchanged, compared to its average volume of 1,665,375. Mplx Lp has a fifty-two week low of $39.95 and a fifty-two week high of $54.87. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average price of $50.99 and a 200 day moving average price of $51.02. The stock has a market capitalization of $52.94 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.61 and a beta of 0.74.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.03. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a return on equity of 32.08% and a net margin of 36.34%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, equities analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $0.9565 dividend. The ex-dividend date was Friday, May 9th. This represents a $3.83 annualized dividend and a yield of 7.38%. Mplx's dividend payout ratio (DPR) is presently 88.45%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MPLX. Wall Street Zen downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Morgan Stanley upped their price target on shares of Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Barclays reduced their price objective on shares of Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Finally, Royal Bank Of Canada increased their target price on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.50.

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.