International Assets Investment Management LLC Has $7.79 Million Stock Position in Mplx Lp (NYSE:MPLX)

International Assets Investment Management LLC increased its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 179.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 212,021 shares of the pipeline company's stock after acquiring an additional 136,047 shares during the period. International Assets Investment Management LLC's holdings in Mplx were worth $7,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cherry Creek Investment Advisors Inc. grew its holdings in Mplx by 2.2% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 12,784 shares of the pipeline company's stock valued at $455,000 after purchasing an additional 277 shares during the last quarter. Prospera Financial Services Inc grew its holdings in Mplx by 1.2% in the first quarter. Prospera Financial Services Inc now owns 26,220 shares of the pipeline company's stock valued at $903,000 after purchasing an additional 308 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Mplx by 12.9% in the third quarter. Sound Income Strategies LLC now owns 2,710 shares of the pipeline company's stock valued at $96,000 after purchasing an additional 310 shares during the last quarter. Lee Financial Co grew its holdings in Mplx by 5.1% in the third quarter. Lee Financial Co now owns 6,821 shares of the pipeline company's stock valued at $243,000 after purchasing an additional 329 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its position in shares of Mplx by 0.4% in the fourth quarter. First Republic Investment Management Inc. now owns 80,866 shares of the pipeline company's stock valued at $2,656,000 after acquiring an additional 336 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company's stock.

Mplx Trading Down 1.9 %

Shares of Mplx stock traded down $0.78 during trading hours on Monday, reaching $39.86. The stock had a trading volume of 2,681,999 shares, compared to its average volume of 2,130,631. The firm has a 50 day simple moving average of $40.07 and a two-hundred day simple moving average of $37.67. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 10.46 and a beta of 1.35. The company has a current ratio of 1.07, a quick ratio of 1.01 and a debt-to-equity ratio of 1.52. Mplx Lp has a 1 year low of $33.12 and a 1 year high of $42.89.

Mplx (NYSE:MPLX - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The pipeline company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.15. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.88 billion. Mplx had a return on equity of 31.85% and a net margin of 34.82%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. As a group, equities research analysts anticipate that Mplx Lp will post 4.1 earnings per share for the current year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were paid a $0.85 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.53%. Mplx's dividend payout ratio (DPR) is currently 89.24%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MPLX shares. UBS Group upped their price objective on Mplx from $46.00 to $49.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com upgraded Mplx from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, January 31st. Raymond James upped their price objective on Mplx from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Royal Bank of Canada increased their target price on Mplx from $45.00 to $46.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Finally, Barclays increased their target price on Mplx from $40.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $43.86.

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.