Henson Edgewater Management LLC Takes $675,000 Position in Mplx Lp $MPLX

Henson Edgewater Management LLC acquired a new stake in Mplx Lp (NYSE:MPLX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,654 shares of the pipeline company’s stock, valued at approximately $675,000. Mplx accounts for about 0.4% of Henson Edgewater Management LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other large investors have also bought and sold shares of MPLX. CIBC Bancorp USA Inc. bought a new position in Mplx in the third quarter valued at approximately $134,319,000. Bank of America Corp DE increased 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 in the last quarter. Natixis raised its holdings in shares of Mplx by 1,585.3% during the second quarter. Natixis now owns 403,758 shares of the pipeline company’s stock worth $20,798,000 after acquiring an additional 379,800 shares during the period. Merewether Investment Management LP acquired a new stake in shares of Mplx during the second quarter worth $16,988,000. Finally, Alps Advisors Inc. lifted its position in Mplx by 1.2% in the 3rd quarter. Alps Advisors Inc. now owns 26,409,654 shares of the pipeline company’s stock valued at $1,319,162,000 after acquiring an additional 325,451 shares in the last quarter. 24.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on MPLX shares. UBS Group boosted their price target on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus lifted their target price on Mplx from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Wells Fargo & Company boosted their target price on Mplx from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Mplx from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Mplx presently has a consensus rating of “Moderate Buy” and an average price target of $60.88.

Mplx Trading Up 1.6%

MPLX stock opened at $58.31 on Friday. Mplx Lp has a one year low of $44.60 and a one year high of $59.84. The stock has a market cap of $59.20 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 5.23 and a beta of 0.56. The company has a fifty day moving average price of $56.84 and a two-hundred day moving average price of $53.60. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.23 and a quick ratio of 1.18.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $3.23 billion. Mplx had a net margin of 37.79% and a return on equity of 34.37%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities analysts anticipate that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $1.0765 dividend. This represents a $4.31 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Monday, February 9th. Mplx’s dividend payout ratio is currently 89.42%.

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.