Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 8,300 Mplx Lp (NYSE:MPLX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 8,300 shares of Mplx Lp, valued at approximately $444,000, signaling confidence in the company amidst varied institutional interest.
• Mplx Lp reported $1.10 earnings per share for its recent quarter, exceeding estimates, while revenue was $2.89 billion, reflecting a 9.8% year-over-year increase.
• The upcoming quarterly dividend of $0.9565 per share represents a 7.4% yield, with a payout ratio of 88.45%, highlighting Mplx’s commitment to returning value to shareholders.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mplx Lp (NYSE:MPLX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,300 shares of the pipeline company's stock, valued at approximately $444,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rossby Financial LCC purchased a new position in shares of Mplx in the 1st quarter worth approximately $33,000. JFS Wealth Advisors LLC purchased a new position in Mplx during the first quarter worth $37,000. MorganRosel Wealth Management LLC bought a new position in Mplx during the first quarter valued at $48,000. PSI Advisors LLC raised its stake in shares of 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 acquiring an additional 270 shares during the period. Finally, Private Trust Co. NA purchased a new stake in shares of Mplx in the first quarter valued at $65,000. Institutional investors own 24.25% of the company's stock.

Mplx Price Performance

Mplx stock opened at $51.93 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $51.18 and a 200 day moving average price of $51.61. Mplx Lp has a 12-month low of $39.95 and a 12-month high of $54.87. The stock has a market cap of $53.01 billion, a P/E ratio of 11.99, a PEG ratio of 1.35 and a beta of 0.73.

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. Mplx had a return on equity of 32.08% and a net margin of 36.34%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be paid a $0.9565 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.83 annualized dividend and a dividend yield of 7.4%. Mplx's dividend payout ratio (DPR) is presently 88.45%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen lowered Mplx from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays boosted their price objective on Mplx from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $55.63.

About Mplx

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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