Prevail Innovative Wealth Advisors LLC Has $2.17 Million Holdings in Mplx Lp (NYSE:MPLX)

Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 685.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,526 shares of the pipeline company's stock after purchasing an additional 35,367 shares during the quarter. Prevail Innovative Wealth Advisors LLC's holdings in Mplx were worth $2,169,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Mplx by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company's stock valued at $330,448,000 after purchasing an additional 266,998 shares during the last quarter. Bramshill Investments LLC raised its stake in Mplx by 71.4% during the 4th quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company's stock valued at $1,442,000 after purchasing an additional 12,556 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Mplx by 221.9% during the 4th quarter. Neuberger Berman Group LLC now owns 643,995 shares of the pipeline company's stock valued at $30,822,000 after purchasing an additional 443,910 shares during the last quarter. Blair William & Co. IL raised its stake in Mplx by 47.5% during the 4th quarter. Blair William & Co. IL now owns 18,520 shares of the pipeline company's stock valued at $886,000 after purchasing an additional 5,965 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Mplx by 17.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 108,988 shares of the pipeline company's stock valued at $5,833,000 after purchasing an additional 15,807 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Stock Performance

NYSE:MPLX opened at $50.95 on Tuesday. Mplx Lp has a 12-month low of $39.95 and a 12-month 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 market capitalization of $52.00 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.58 and a beta of 0.73. The firm has a 50-day moving average price of $50.99 and a 200 day moving average price of $51.37.

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 for the quarter, topping the consensus estimate of $1.07 by $0.03. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a net margin of 36.34% and a return on equity of 32.08%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $0.9565 per share. The ex-dividend date was Friday, May 9th. This represents a $3.83 annualized dividend and a yield of 7.51%. Mplx's dividend payout ratio is 88.22%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their target price on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Barclays reissued an "overweight" rating and issued a $53.00 target price (up previously from $52.00) on shares of Mplx in a research note on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Mplx has a consensus rating of "Moderate Buy" and an average target price of $55.63.

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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