Walnut Private Equity Partners LLC Acquires 31,300 Shares of Mplx Lp $MPLX

Key Points

• Walnut Private Equity Partners LLC has increased its holdings in Mplx LP by 14.8%, acquiring an additional 31,300 shares, which now represent 7.3% of its investment portfolio.
• Mplx recently reported earnings of $1.03 per share for the quarter, missing the consensus estimate of $1.08, with quarterly revenue decreasing by 1.6% year-over-year.
• The company declared a quarterly dividend of $0.9565 per share, translating to an annualized dividend yield of 7.5% and a payout ratio of 90.97%.

Walnut Private Equity Partners LLC raised its holdings in Mplx Lp (NYSE:MPLX - Free Report) by 14.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 242,300 shares of the pipeline company's stock after buying an additional 31,300 shares during the quarter. Mplx accounts for 7.3% of Walnut Private Equity Partners LLC's investment portfolio, making the stock its 5th largest holding. Walnut Private Equity Partners LLC's holdings in Mplx were worth $12,481,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new position in Mplx in the first quarter valued at approximately $33,000. JFS Wealth Advisors LLC bought a new stake in shares of Mplx during the first quarter valued at approximately $37,000. Wealth Preservation Advisors LLC bought a new stake in shares of Mplx during the first quarter valued at approximately $44,000. MorganRosel Wealth Management LLC bought a new stake in shares of Mplx during the first quarter valued at approximately $48,000. Finally, PSI Advisors LLC increased its holdings in shares of Mplx by 32.5% during 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 in the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Mplx from $57.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wall Street Zen downgraded Mplx from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley boosted their price objective on Mplx from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, August 26th. Finally, 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. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Mplx has a consensus rating of "Moderate Buy" and a consensus target price of $55.89.

Mplx Trading Up 0.4%

Shares of Mplx stock opened at $51.04 on Friday. The stock has a fifty day simple moving average of $50.72 and a 200 day simple moving average of $51.16. Mplx Lp has a 12-month low of $43.35 and a 12-month high of $54.87. The company has a market capitalization of $52.01 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 1.39 and a beta of 0.74. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The pipeline company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.05). Mplx had a return on equity of 30.95% and a net margin of 35.44%.The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $1.15 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a dividend of $0.9565 per share. The ex-dividend date was Friday, August 8th. This represents a $3.83 annualized dividend and a yield of 7.5%. Mplx's dividend payout ratio is 90.97%.

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.

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