Epoch Investment Partners Inc. Has $64.35 Million Stake in Mplx Lp $MPLX

Epoch Investment Partners Inc. decreased its stake in shares of Mplx Lp (NYSE:MPLX) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,127,544 shares of the pipeline company’s stock after selling 29,045 shares during the quarter. Epoch Investment Partners Inc. owned 0.11% of Mplx worth $64,349,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Assetmark Inc. grew its position in Mplx by 81.5% during the first quarter. Assetmark Inc. now owns 559 shares of the pipeline company’s stock worth $32,000 after buying an additional 251 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in Mplx in the 4th quarter valued at approximately $32,000. Wiser Advisor Group LLC acquired a new position in Mplx in the 3rd quarter valued at approximately $38,000. Prosperity Bancshares Inc bought a new stake in shares of Mplx in the 4th quarter worth approximately $43,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in shares of Mplx in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Up 2.1%

NYSE MPLX opened at $58.74 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.71. The stock’s 50 day moving average is $56.47 and its two-hundred day moving average is $56.37. The company has a market capitalization of $59.61 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 5.51 and a beta of 0.47. Mplx Lp has a 1-year low of $47.80 and a 1-year high of $59.98.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.15). Mplx had a net margin of 36.38% and a return on equity of 32.74%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts forecast that Mplx Lp will post 4.22 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were given a $1.0765 dividend. This represents a $4.31 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Friday, May 8th. Mplx’s dividend payout ratio is 93.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MPLX. Truist Financial decreased their price objective on Mplx from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings lowered Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Barclays raised their target price on Mplx from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Zacks Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.60.

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.