9,988 Shares in Mplx Lp $MPLX Purchased by Compass Financial Management LLC

Compass Financial Management LLC purchased a new stake in shares of Mplx Lp (NYSE:MPLX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,988 shares of the pipeline company’s stock, valued at approximately $577,000.

Several other large investors have also recently added to or reduced their stakes in MPLX. Belfer Management LLC lifted its position in Mplx by 2.4% in the fourth quarter. Belfer Management LLC now owns 7,849 shares of the pipeline company’s stock worth $419,000 after purchasing an additional 181 shares during the period. Wealthstar Advisors LLC boosted its position in shares of Mplx by 1.5% during the 4th quarter. Wealthstar Advisors LLC now owns 12,598 shares of the pipeline company’s stock valued at $672,000 after acquiring an additional 190 shares in the last quarter. Sei Investments Co. boosted its position in shares of Mplx by 0.9% during the 1st quarter. Sei Investments Co. now owns 22,175 shares of the pipeline company’s stock valued at $1,266,000 after acquiring an additional 201 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its stake in Mplx by 3.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,658 shares of the pipeline company’s stock valued at $302,000 after acquiring an additional 208 shares during the period. Finally, Burford Brothers Inc. increased its stake in Mplx by 1.2% in the fourth quarter. Burford Brothers Inc. now owns 17,449 shares of the pipeline company’s stock valued at $931,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Performance

NYSE:MPLX opened at $58.38 on Monday. Mplx Lp has a 1 year low of $47.80 and a 1 year high of $60.95. The firm has a 50 day moving average of $57.69 and a 200-day moving average of $56.96. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $59.19 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 5.53 and a beta of 0.48.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. Mplx had a return on equity of 32.83% and a net margin of 35.75%.The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the company earned $1.03 EPS. Mplx’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Mplx Lp will post 4.28 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were issued a $1.0765 dividend. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Friday, August 7th. Mplx’s payout ratio is currently 92.69%.

Wall Street Analyst Weigh In

MPLX has been the subject of a number of analyst reports. Morgan Stanley raised their price target on shares of Mplx from $60.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Wells Fargo & Company increased their target price on Mplx from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Barclays raised their target price on Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada upped their price target on Mplx from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mplx has an average rating of “Moderate Buy” and an average price target of $63.20.

Mplx Company 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.