Signal Advisors Wealth LLC Purchases Shares of 11,444 Mplx Lp $MPLX

Signal Advisors Wealth LLC purchased a new stake in Mplx Lp (NYSE:MPLX) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,444 shares of the pipeline company’s stock, valued at approximately $653,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPLX. Solstein Capital LLC purchased a new stake in Mplx during the third quarter valued at approximately $25,000. EQ Wealth Advisors LLC purchased a new position in Mplx in the fourth quarter worth $32,000. Wiser Advisor Group LLC purchased a new position in Mplx in the third quarter worth $38,000. Prosperity Bancshares Inc acquired a new position in shares of Mplx during the fourth quarter worth $43,000. Finally, Groesbeck Investment Management Corp NJ acquired a new position in shares of Mplx during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MPLX shares. Morgan Stanley decreased their price objective on Mplx from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, May 20th. Wall Street Zen downgraded Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays upped their target price on Mplx from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. UBS Group increased their price target on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, Zacks Research raised Mplx from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Mplx currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

Mplx Trading Down 2.5%

NYSE MPLX opened at $56.25 on Thursday. The company has a fifty day simple moving average of $55.73 and a two-hundred day simple moving average of $55.97. The stock has a market cap of $57.08 billion, a P/E ratio of 12.18, a P/E/G ratio of 5.53 and a beta of 0.48. Mplx Lp has a 12-month low of $47.80 and a 12-month high of $59.98. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.71.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). Mplx had a net margin of 36.38% and a return on equity of 32.74%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the firm earned $1.10 earnings per share. Mplx’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that Mplx Lp will post 4.22 earnings per share for the current year.

Mplx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a dividend of $1.0765 per share. This represents a $4.31 annualized dividend and a yield of 7.7%. The ex-dividend date was Friday, May 8th. Mplx’s payout ratio is presently 93.29%.

About Mplx

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.