Prevail Innovative Wealth Advisors LLC Has $2.90 Million Holdings in Mplx Lp $MPLX

Key Points

• Prevail Innovative Wealth Advisors boosted its stake in MPLX by 91.6% in Q3 and now holds 58,049 shares valued at about $2.90 million.
• MPLX recently paid a quarterly dividend of $1.0765 (annualized $4.31), implying a yield of roughly 7.3% with a payout ratio near 89.4%.
• MPLX beat EPS expectations ($1.17 vs. $1.10) but missed revenue estimates ($3.10B vs. $3.23B); the company has a market cap of about $59.6B, a PE of ~12.2, and an average analyst rating of "Moderate Buy" with a $58.14 target.

Prevail Innovative Wealth Advisors LLC boosted its position in Mplx Lp (NYSE:MPLX - Free Report) by 91.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,049 shares of the pipeline company's stock after purchasing an additional 27,758 shares during the quarter. Prevail Innovative Wealth Advisors LLC's holdings in Mplx were worth $2,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Mplx during the 2nd quarter worth approximately $26,000. Solstein Capital LLC bought a new position in Mplx in the 3rd quarter valued at approximately $25,000. FSC Wealth Advisors LLC bought a new position in Mplx in the 2nd quarter valued at approximately $29,000. Operose Advisors LLC boosted its position in Mplx by 216.2% in the second quarter. Operose Advisors LLC now owns 585 shares of the pipeline company's stock valued at $30,000 after buying an additional 400 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in Mplx in the second quarter valued at approximately $33,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Stock Performance

NYSE MPLX opened at $58.64 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 1.23. The company has a market capitalization of $59.64 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 5.26 and a beta of 0.56. The company has a 50-day simple moving average of $55.93 and a 200 day simple moving average of $53.14. Mplx Lp has a 52-week low of $44.60 and a 52-week high of $59.84.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. Mplx had a return on equity of 34.37% and a net margin of 37.79%.The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. Mplx's revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a $1.0765 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.31 annualized dividend and a yield of 7.3%. Mplx's dividend payout ratio (DPR) is 89.42%.

Wall Street Analyst Weigh In

MPLX has been the subject of a number of recent research reports. Barclays upped their target price on Mplx from $53.00 to $55.00 and gave the stock an "overweight" rating in a report on Monday, November 17th. Weiss Ratings reiterated a "buy (a-)" rating on shares of Mplx in a research report on Monday, December 29th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $57.00 target price on shares of Mplx in a report on Monday, December 1st. Stifel Nicolaus lifted their price target on shares of Mplx from $57.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Wall Street Zen upgraded Mplx from a "hold" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $58.14.

Mplx Company Profile

MPLX LP NYSE: MPLX is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership's asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.

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