Blueprint Financial Advisors LLC Acquires Shares of 157,851 Mplx Lp $MPLX

Blueprint Financial Advisors LLC bought a new stake in shares of Mplx Lp (NYSE:MPLX) in the 3rd quarter, Holdings Channel reports. The fund bought 157,851 shares of the pipeline company’s stock, valued at approximately $7,885,000. Mplx comprises approximately 1.7% of Blueprint Financial Advisors LLC’s portfolio, making the stock its 14th largest holding.

Several other institutional investors have also modified their holdings of MPLX. Chickasaw Capital Management LLC grew its stake in Mplx by 2.2% during the 3rd quarter. Chickasaw Capital Management LLC now owns 5,611,824 shares of the pipeline company’s stock valued at $280,311,000 after purchasing an additional 120,216 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Mplx in the 3rd quarter valued at approximately $990,000. Caprock Group LLC purchased a new position in shares of Mplx during the 3rd quarter valued at approximately $2,698,000. Bridges Investment Management Inc. grew its position in shares of Mplx by 53.2% during the third quarter. Bridges Investment Management Inc. now owns 103,351 shares of the pipeline company’s stock worth $5,162,000 after buying an additional 35,869 shares in the last quarter. Finally, Natixis increased its stake in shares of Mplx by 1,585.3% in the second quarter. Natixis now owns 403,758 shares of the pipeline company’s stock worth $20,798,000 after buying an additional 379,800 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Up 0.3%

NYSE:MPLX opened at $59.10 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average of $55.55 and a 200-day moving average of $52.90. The firm has a market capitalization of $60.11 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 5.29 and a beta of 0.56. Mplx Lp has a 52 week low of $44.60 and a 52 week high of $59.84.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.23 billion. Mplx had a return on equity of 34.56% and a net margin of 37.79%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. Analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were given a dividend of $1.0765 per share. The ex-dividend date was Monday, February 9th. This represents a $4.31 annualized dividend and a dividend yield of 7.3%. Mplx’s dividend payout ratio is currently 89.42%.

Analysts Set New Price Targets

Several research analysts have weighed in on MPLX shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $57.00 price objective on shares of Mplx in a report on Monday, December 1st. Raymond James Financial cut shares of Mplx from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Barclays boosted their price objective on Mplx from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Morgan Stanley increased their target price on Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Zacks Research upgraded Mplx from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.29.

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.