Brave Warrior Advisors LLC Has $223.15 Million Position in Mplx Lp $MPLX

Brave Warrior Advisors LLC lifted its position in shares of Mplx Lp (NYSE:MPLX) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,467,474 shares of the pipeline company’s stock after purchasing an additional 192,441 shares during the period. Mplx accounts for approximately 5.2% of Brave Warrior Advisors LLC’s portfolio, making the stock its 8th largest position. Brave Warrior Advisors LLC’s holdings in Mplx were worth $223,150,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cobblestone Capital Advisors LLC NY increased its holdings in Mplx by 4.0% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 5,198 shares of the pipeline company’s stock valued at $260,000 after purchasing an additional 198 shares during the period. Gladstone Institutional Advisory LLC lifted its holdings in Mplx by 3.5% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 6,069 shares of the pipeline company’s stock worth $303,000 after buying an additional 206 shares during the period. Holderness Investments Co. grew its position in shares of Mplx by 2.6% in the 3rd quarter. Holderness Investments Co. now owns 8,945 shares of the pipeline company’s stock worth $447,000 after buying an additional 225 shares during the last quarter. Visionary Wealth Advisors grew its position in shares of Mplx by 4.1% in the 2nd quarter. Visionary Wealth Advisors now owns 5,866 shares of the pipeline company’s stock worth $302,000 after buying an additional 232 shares during the last quarter. Finally, Argyle Capital Partners LLC increased its stake in shares of Mplx by 0.9% during the second quarter. Argyle Capital Partners LLC now owns 26,712 shares of the pipeline company’s stock valued at $1,376,000 after buying an additional 250 shares during the period. 24.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MPLX has been the subject of a number of research analyst reports. Barclays raised their price target on Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Citigroup upped their price objective on shares of Mplx from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Wells Fargo & Company raised their target price on shares of Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley lifted their target price on shares of Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Stifel Nicolaus boosted their price target on shares of Mplx from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Mplx currently has an average rating of “Moderate Buy” and a consensus price target of $59.14.

Mplx Price Performance

MPLX opened at $58.49 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.18 and a debt-to-equity ratio of 1.66. The company has a market cap of $59.49 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 5.30 and a beta of 0.56. The stock has a fifty day simple moving average of $56.41 and a two-hundred day simple moving average of $53.41. Mplx Lp has a 12-month low of $44.60 and a 12-month high of $59.84.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Mplx had a net margin of 37.79% and a return on equity of 34.37%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. Research analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a dividend of $1.0765 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.31 annualized dividend and a yield of 7.4%. Mplx’s payout ratio is presently 89.42%.

Mplx Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.