Mplx Lp $MPLX Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Mplx Lp (NYSE:MPLX) by 60.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,878 shares of the pipeline company’s stock after purchasing an additional 12,379 shares during the period. Quantinno Capital Management LP’s holdings in Mplx were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Belfer Management LLC grew its stake in shares of Mplx by 2.4% during the fourth quarter. Belfer Management LLC now owns 7,849 shares of the pipeline company’s stock worth $419,000 after purchasing an additional 181 shares in the last quarter. Wealthstar Advisors LLC raised its stake in Mplx by 1.5% in the fourth quarter. Wealthstar Advisors LLC now owns 12,598 shares of the pipeline company’s stock valued at $672,000 after buying an additional 190 shares in the last quarter. Sei Investments Co. lifted its holdings in Mplx by 0.9% during the 1st quarter. Sei Investments Co. now owns 22,175 shares of the pipeline company’s stock worth $1,266,000 after buying an additional 201 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Mplx by 3.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,658 shares of the pipeline company’s stock worth $302,000 after buying an additional 208 shares during the last quarter. Finally, Burford Brothers Inc. boosted its position in shares of Mplx by 1.2% during the 4th quarter. Burford Brothers Inc. now owns 17,449 shares of the pipeline company’s stock worth $931,000 after acquiring an additional 209 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Stock Up 1.0%

MPLX opened at $59.30 on Wednesday. Mplx Lp has a one year low of $47.80 and a one year high of $60.95. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.83 and a current ratio of 0.89. The stock has a market capitalization of $60.18 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 5.57 and a beta of 0.48. The business’s 50-day simple moving average is $57.26 and its 200-day simple moving average is $56.76.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, August 4th. The pipeline company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Mplx had a return on equity of 32.83% and a net margin of 35.75%.The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Analysts anticipate that Mplx Lp will post 4.27 EPS for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be issued a $1.0765 dividend. This represents a $4.31 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, August 7th. Mplx’s dividend payout ratio is presently 92.69%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a report on Monday, April 20th. Weiss Ratings downgraded Mplx from a “buy (a)” rating to a “buy (a-)” rating in a report on Monday, May 18th. Barclays raised their price objective on shares of Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Wolfe Research downgraded shares of Mplx from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company upped their target price on shares of Mplx from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.