Attessa Capital LLC Buys New Holdings in Mplx Lp $MPLX

Attessa Capital LLC purchased a new position in Mplx Lp (NYSE:MPLX) during the second quarter, HoldingsChannel reports. The fund purchased 18,500 shares of the pipeline company’s stock, valued at approximately $1,042,000. Mplx accounts for approximately 0.5% of Attessa Capital LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MPLX. Invesco Ltd. grew its holdings in Mplx by 0.7% during the 3rd quarter. Invesco Ltd. now owns 19,561,938 shares of the pipeline company’s stock valued at $977,119,000 after buying an additional 143,361 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Mplx by 8.3% during the second quarter. Bank of America Corp DE now owns 9,873,619 shares of the pipeline company’s stock worth $508,590,000 after acquiring an additional 757,569 shares during the last quarter. Morgan Stanley grew its stake in Mplx by 23.7% during the fourth quarter. Morgan Stanley now owns 5,763,110 shares of the pipeline company’s stock valued at $307,577,000 after acquiring an additional 1,104,510 shares in the last quarter. Energy Income Partners LLC grew its stake in Mplx by 2.1% during the third quarter. Energy Income Partners LLC now owns 5,659,885 shares of the pipeline company’s stock valued at $282,711,000 after acquiring an additional 118,090 shares in the last quarter. Finally, UBS Group AG increased its holdings in Mplx by 0.7% in the 4th quarter. UBS Group AG now owns 5,304,746 shares of the pipeline company’s stock valued at $283,114,000 after acquiring an additional 38,283 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Trading Up 1.9%

Shares of MPLX opened at $60.43 on Friday. The stock has a market capitalization of $61.32 billion, a PE ratio of 13.00, a P/E/G ratio of 5.64 and a beta of 0.48. The company’s fifty day moving average is $57.03 and its 200 day moving average is $56.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.10. Mplx Lp has a fifty-two week low of $47.80 and a fifty-two week high of $60.95.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Mplx had a net margin of 35.75% and a return on equity of 32.71%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business earned $1.03 earnings per share. Mplx’s quarterly revenue was up 10.3% compared to the same quarter last year. Sell-side analysts expect that Mplx Lp will post 4.26 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be issued a $1.0765 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.1%. Mplx’s dividend payout ratio (DPR) is presently 92.47%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen cut shares of Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Wells Fargo & Company raised their price objective on Mplx from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price on Mplx from $55.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Mplx in a research report on Thursday, July 2nd. Finally, Weiss Ratings lowered Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Mplx currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.20.

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.