Mplx Lp $MPLX Shares Acquired by Stephens Inc. AR

Stephens Inc. AR increased its position in Mplx Lp (NYSE:MPLX) by 10.2% in the 1st quarter, Holdings Channel reports. The firm owned 151,660 shares of the pipeline company’s stock after buying an additional 13,995 shares during the period. Stephens Inc. AR’s holdings in Mplx were worth $8,688,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in MPLX. Invesco Ltd. increased its position in Mplx by 0.7% during the third quarter. Invesco Ltd. now owns 19,561,938 shares of the pipeline company’s stock worth $977,119,000 after buying an additional 143,361 shares during the period. Bank of America Corp DE boosted its holdings in shares of Mplx by 8.3% in the second quarter. Bank of America Corp DE now owns 9,873,619 shares of the pipeline company’s stock valued at $508,590,000 after acquiring an additional 757,569 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Mplx by 4.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,060,024 shares of the pipeline company’s stock worth $352,648,000 after acquiring an additional 300,321 shares during the last quarter. Morgan Stanley grew its position in shares of Mplx by 23.7% during the fourth quarter. Morgan Stanley now owns 5,763,110 shares of the pipeline company’s stock worth $307,577,000 after acquiring an additional 1,104,510 shares during the last quarter. Finally, Energy Income Partners LLC increased its holdings in shares of Mplx by 2.1% in the 3rd quarter. Energy Income Partners LLC now owns 5,659,885 shares of the pipeline company’s stock valued at $282,711,000 after acquiring an additional 118,090 shares during the period. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Stock Performance

NYSE MPLX traded up $0.47 on Tuesday, hitting $57.44. 251,749 shares of the company’s stock were exchanged, compared to its average volume of 1,822,503. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.10 and a quick ratio of 1.05. The firm’s 50-day moving average price is $55.92 and its two-hundred day moving average price is $56.06. Mplx Lp has a fifty-two week low of $47.80 and a fifty-two week high of $59.98. The firm has a market cap of $58.28 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 5.48 and a beta of 0.47.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Mplx had a return on equity of 32.74% and a net margin of 36.38%.The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. On average, research analysts expect that Mplx Lp will post 4.22 EPS for the current year.

Mplx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were given a $1.0765 dividend. The ex-dividend date was Friday, May 8th. This represents a $4.31 annualized dividend and a yield of 7.5%. Mplx’s dividend payout ratio is presently 93.07%.

Wall Street Analysts Forecast Growth

MPLX has been the subject of several research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of Mplx in a research report on Thursday, July 2nd. JPMorgan Chase & Co. increased their target price on shares of Mplx from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. UBS Group raised their price target on Mplx from $64.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Truist Financial dropped their price target on Mplx from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company reduced their price objective on Mplx from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Mplx presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

About Mplx

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.