Mplx Lp $MPLX Shares Newly Bought by Integrity Alliance LLC.

Integrity Alliance LLC. purchased a new stake in shares of Mplx Lp (NYSE:MPLX) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 9,549 shares of the pipeline company’s stock, valued at approximately $538,000.

Several other institutional investors have also made changes to their positions in MPLX. Energy Income Partners LLC acquired a new position in Mplx during the second quarter worth $303,072,000. Bank of New York Mellon Corp bought a new position in Mplx during the second quarter valued at about $1,094,000. Attessa Capital LLC acquired a new stake in shares of Mplx in the second quarter worth about $1,042,000. NEOS Investment Management LLC lifted its position in shares of Mplx by 45.5% in the second quarter. NEOS Investment Management LLC now owns 486,025 shares of the pipeline company’s stock worth $27,378,000 after buying an additional 152,041 shares during the last quarter. Finally, Militia Capital Management LLC acquired a new stake in shares of Mplx in the first quarter worth about $3,824,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Stock Performance

Shares of MPLX opened at $55.91 on Friday. The company has a market capitalization of $56.69 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 5.30 and a beta of 0.48. Mplx Lp has a one year low of $50.22 and a one year high of $60.95. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.56 and a quick ratio of 0.83. The company’s fifty day moving average price is $58.21 and its 200 day moving average price is $57.26.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, November 3rd. The pipeline company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Mplx had a net margin of 32.91% and a return on equity of 30.30%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. As a group, analysts expect that Mplx Lp will post 4.27 earnings per share for the current year.

Mplx Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be given a dividend of $1.2111 per share. This is a boost from Mplx’s previous quarterly dividend of $1.0765. The ex-dividend date is Friday, November 6th. This represents a $4.84 dividend on an annualized basis and a yield of 8.7%. Mplx’s dividend payout ratio is currently 100.70%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MPLX. Weiss Ratings upgraded Mplx from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday, October 30th. Citigroup raised their price objective on Mplx from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday. Wolfe Research lowered Mplx from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 29th. Royal Bank Of Canada upped their target price on Mplx from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Finally, Barclays upped their target price on Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.90.

Mplx Profile

MPLX LP is a diversified midstream energy company formed by Marathon Petroleum in 2012. It owns and operates infrastructure that gathers, processes, transports and stores energy products, connecting producers and refiners with customers and markets.

The company’s assets include natural gas and natural gas liquids gathering and processing facilities, pipelines and fractionation plants, as well as crude oil and refined-product pipelines, storage terminals and inland marine transport operations.