Mplx Lp $MPLX Stake Increased by Alps Advisors Inc.

Alps Advisors Inc. boosted its position in shares of Mplx Lp (NYSE:MPLX) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 26,409,654 shares of the pipeline company’s stock after purchasing an additional 325,451 shares during the quarter. Mplx comprises about 7.3% of Alps Advisors Inc.’s holdings, making the stock its 4th biggest holding. Alps Advisors Inc. owned 2.59% of Mplx worth $1,319,162,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MPLX. Private Wealth Asset Management LLC purchased a new stake in Mplx during the second quarter valued at $26,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Mplx during the 2nd quarter valued at about $26,000. FSC Wealth Advisors LLC purchased a new stake in shares of Mplx during the 2nd quarter valued at about $29,000. Operose Advisors LLC increased its position in shares of Mplx by 216.2% during the 2nd quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Finally, EQ Wealth Advisors LLC bought a new position in shares of Mplx in the 2nd quarter worth approximately $31,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a report on Monday, December 29th. Raymond James Financial cut Mplx from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Royal Bank Of Canada boosted their price target on Mplx from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Barclays raised their price objective on Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Finally, Morgan Stanley lifted their price objective on Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.83.

Mplx Stock Performance

NYSE:MPLX opened at $56.02 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. Mplx Lp has a 12-month low of $44.60 and a 12-month high of $57.15. The stock has a 50-day moving average price of $54.68 and a 200 day moving average price of $52.18. The stock has a market capitalization of $56.98 billion, a P/E ratio of 11.62, a P/E/G ratio of 5.06 and a beta of 0.57.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. Mplx had a return on equity of 34.56% and a net margin of 37.79%.The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the firm earned $1.07 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be issued a $1.0765 dividend. This represents a $4.31 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, February 9th. Mplx’s payout ratio is 89.42%.

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.