Rehmann Capital Advisory Group trimmed its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 31.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 16,265 shares of the pipeline company's stock after selling 7,546 shares during the quarter. Rehmann Capital Advisory Group's holdings in Mplx were worth $871,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in shares of Mplx during the 4th quarter valued at $31,000. Rossby Financial LCC bought a new stake in shares of Mplx during the 1st quarter valued at about $33,000. JFS Wealth Advisors LLC bought a new stake in shares of Mplx during the 1st quarter valued at about $37,000. MorganRosel Wealth Management LLC bought a new position in Mplx in the first quarter worth approximately $48,000. Finally, Generali Asset Management SPA SGR bought a new position in Mplx in the fourth quarter worth approximately $56,000. 24.25% of the stock is currently owned by institutional investors.
Mplx Trading Down 0.5%
Shares of NYSE:MPLX traded down $0.27 during trading on Thursday, hitting $50.49. The company had a trading volume of 895,167 shares, compared to its average volume of 1,663,237. The stock has a market cap of $51.54 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73. Mplx Lp has a one year low of $39.95 and a one year high of $54.87. The company has a fifty day simple moving average of $51.01 and a two-hundred day simple moving average of $51.27. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 1.04.
Mplx (NYSE:MPLX - Get Free Report) last issued its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.03. Mplx had a return on equity of 32.08% and a net margin of 36.34%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $0.98 EPS. Mplx's revenue was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.
Mplx Dividend Announcement
The company also recently declared 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 7.58%. Mplx's payout ratio is presently 88.45%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on MPLX shares. Royal Bank Of Canada increased their price target on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. Barclays decreased their price objective on Mplx from $55.00 to $52.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Mplx has a consensus rating of "Moderate Buy" and a consensus price target of $55.50.
View Our Latest Stock Report on MPLX
About Mplx
(
Free Report)
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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