Custom Index Systems LLC Makes New Investment in Mplx Lp (NYSE:MPLX)

Custom Index Systems LLC acquired a new stake in Mplx Lp (NYSE:MPLX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 43,412 shares of the pipeline company's stock, valued at approximately $1,594,000. Mplx comprises about 1.0% of Custom Index Systems LLC's investment portfolio, making the stock its 21st biggest position.

A number of other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Mplx by 104,751.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 69,772,138 shares of the pipeline company's stock valued at $2,291,317,000 after purchasing an additional 69,705,594 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Mplx by 18.9% in the 3rd quarter. Alps Advisors Inc. now owns 28,771,793 shares of the pipeline company's stock valued at $1,023,413,000 after purchasing an additional 4,579,152 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Mplx by 4.0% in the 3rd quarter. Invesco Ltd. now owns 20,917,505 shares of the pipeline company's stock valued at $744,036,000 after purchasing an additional 809,273 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Mplx by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,463,737 shares of the pipeline company's stock valued at $237,348,000 after acquiring an additional 154,529 shares during the period. Finally, UBS Group AG lifted its position in shares of Mplx by 12.2% during the 3rd quarter. UBS Group AG now owns 5,869,436 shares of the pipeline company's stock valued at $208,776,000 after acquiring an additional 639,199 shares during the period. 24.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Mplx from $45.00 to $46.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Raymond James boosted their target price on shares of Mplx from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Barclays upped their price objective on shares of Mplx from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, April 5th. StockNews.com upgraded shares of Mplx from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 31st. Finally, UBS Group upped their price objective on shares of Mplx from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, March 1st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $43.43.

Mplx Stock Down 0.9 %

Shares of MPLX stock traded down $0.37 on Wednesday, hitting $41.39. The stock had a trading volume of 1,916,199 shares, compared to its average volume of 2,115,176. The business has a 50 day moving average of $39.86 and a 200 day moving average of $37.51. The stock has a market cap of $41.83 billion, a price-to-earnings ratio of 10.96 and a beta of 1.35. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.01. Mplx Lp has a 12-month low of $33.12 and a 12-month high of $42.89.

Mplx (NYSE:MPLX - Get Free Report) last announced its earnings results on Tuesday, January 30th. The pipeline company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.95 by $0.15. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.88 billion. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, analysts expect that Mplx Lp will post 4 EPS for the current year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were given a dividend of $0.85 per share. The ex-dividend date was Friday, February 2nd. This represents a $3.40 annualized dividend and a yield of 8.22%. Mplx's payout ratio is currently 89.24%.

Mplx Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.

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