Sanctuary Advisors LLC Buys 14,687 Shares of Mplx Lp $MPLX

Sanctuary Advisors LLC boosted its stake in Mplx Lp (NYSE:MPLX) by 50.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,735 shares of the pipeline company’s stock after acquiring an additional 14,687 shares during the period. Sanctuary Advisors LLC’s holdings in Mplx were worth $2,334,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MPLX. Solstein Capital LLC bought a new stake in Mplx in the third quarter valued at $25,000. Wiser Advisor Group LLC bought a new stake in Mplx in the third quarter valued at $38,000. Root Financial Partners LLC bought a new stake in Mplx in the third quarter valued at $39,000. Quent Capital LLC bought a new stake in Mplx in the third quarter valued at $42,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in Mplx in the fourth quarter valued at $49,000. Institutional investors own 24.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MPLX shares. Raymond James Financial lowered Mplx from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Citigroup raised their price objective on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Barclays raised their price objective on Mplx from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. UBS Group raised their price objective on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Finally, Wall Street Zen lowered Mplx from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.00.

Mplx Stock Performance

Shares of Mplx stock opened at $56.56 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.18 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $57.42 billion, a P/E ratio of 11.73, a P/E/G ratio of 5.24 and a beta of 0.49. The business has a fifty day simple moving average of $57.20 and a two-hundred day simple moving average of $54.91. Mplx Lp has a 12 month low of $47.80 and a 12 month high of $59.98.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $3.23 billion. Mplx had a return on equity of 34.37% and a net margin of 37.79%.The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. On average, equities analysts forecast that Mplx Lp will post 4.37 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 8th will be paid a $1.0765 dividend. The ex-dividend date is Friday, May 8th. This represents a $4.31 dividend on an annualized basis and a yield of 7.6%. Mplx’s payout ratio is presently 89.42%.

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.