PSI Advisors LLC Boosts Stock Position in Mplx Lp (NYSE:MPLX)

PSI Advisors LLC lifted its position in Mplx Lp (NYSE:MPLX) by 32.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,100 shares of the pipeline company’s stock after purchasing an additional 270 shares during the quarter. PSI Advisors LLC’s holdings in Mplx were worth $59,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MPLX. FMR LLC lifted its position in Mplx by 141.1% during the fourth quarter. FMR LLC now owns 1,985,181 shares of the pipeline company’s stock valued at $95,011,000 after purchasing an additional 1,161,714 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Mplx during the 4th quarter valued at about $41,917,000. Neuberger Berman Group LLC lifted its holdings in shares of Mplx by 221.9% in the 4th quarter. Neuberger Berman Group LLC now owns 643,995 shares of the pipeline company’s stock valued at $30,822,000 after buying an additional 443,910 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Mplx by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company’s stock worth $330,448,000 after buying an additional 266,998 shares during the last quarter. Finally, Eagle Global Advisors LLC grew its holdings in Mplx by 14.6% during the fourth quarter. Eagle Global Advisors LLC now owns 1,857,003 shares of the pipeline company’s stock worth $88,876,000 after acquiring an additional 235,977 shares during the period. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Mplx Trading Down 0.2%

Shares of MPLX opened at $51.34 on Thursday. Mplx Lp has a 52-week low of $39.95 and a 52-week high of $54.87. The stock has a market cap of $52.40 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.61 and a beta of 0.74. The firm’s fifty day moving average is $50.81 and its two-hundred day moving average is $50.98. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. Mplx had a net margin of 36.34% and a return on equity of 32.08%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts forecast that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $0.9565 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a yield of 7.45%. Mplx’s payout ratio is 88.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Morgan Stanley increased their price target on shares of Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Royal Bank Of Canada raised their price target on shares of Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, March 17th. Finally, Barclays cut their price objective on shares of Mplx from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.50.

Mplx Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.