Infrastructure Capital Advisors LLC Sells 100,296 Shares of Mplx Lp $MPLX

Infrastructure Capital Advisors LLC lowered its stake in Mplx Lp (NYSE:MPLX) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037,984 shares of the pipeline company’s stock after selling 100,296 shares during the period. Mplx comprises 5.4% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Infrastructure Capital Advisors LLC owned approximately 0.10% of Mplx worth $55,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MPLX. NewEdge Advisors LLC raised its position in Mplx by 4.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,049 shares of the pipeline company’s stock valued at $1,287,000 after purchasing an additional 939 shares in the last quarter. Geode Capital Management LLC raised its position in Mplx by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 16,557 shares of the pipeline company’s stock valued at $853,000 after purchasing an additional 1,021 shares in the last quarter. Guggenheim Capital LLC raised its position in Mplx by 5.4% in the 2nd quarter. Guggenheim Capital LLC now owns 19,139 shares of the pipeline company’s stock valued at $986,000 after purchasing an additional 972 shares in the last quarter. Cerity Partners LLC raised its position in Mplx by 12.5% in the 2nd quarter. Cerity Partners LLC now owns 53,113 shares of the pipeline company’s stock valued at $2,736,000 after purchasing an additional 5,916 shares in the last quarter. Finally, Glenview Trust co raised its position in Mplx by 62.5% in the 2nd quarter. Glenview Trust co now owns 6,500 shares of the pipeline company’s stock valued at $335,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

MPLX has been the topic of a number of analyst reports. Zacks Research raised Mplx from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Weiss Ratings lowered Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research report on Monday, May 18th. Truist Financial reduced their price target on Mplx from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. UBS Group increased their price target on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Finally, Stifel Nicolaus raised their target price on Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

Mplx Trading Down 0.3%

MPLX opened at $55.91 on Thursday. The firm has a market cap of $56.73 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 5.38 and a beta of 0.48. Mplx Lp has a 52 week low of $47.80 and a 52 week high of $59.98. The business’s 50 day moving average is $55.63 and its two-hundred day moving average is $55.89. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.71.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $3.09 billion. Mplx had a return on equity of 32.74% and a net margin of 36.38%.The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. On average, research analysts predict that Mplx Lp will post 4.22 EPS for the current year.

Mplx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were given a dividend of $1.0765 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.31 annualized dividend and a yield of 7.7%. Mplx’s payout ratio is 93.29%.

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.