Compass Wealth Management LLC Trims Stake in Mplx Lp (NYSE:MPLX)

Compass Wealth Management LLC cut its stake in shares of Mplx Lp (NYSE:MPLX) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,000 shares of the pipeline company’s stock after selling 250 shares during the quarter. Compass Wealth Management LLC’s holdings in Mplx were worth $42,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MPLX. Avalon Trust Co boosted its stake in Mplx by 23.4% in the fourth quarter. Avalon Trust Co now owns 1,711 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 324 shares in the last quarter. PSI Advisors LLC boosted its stake in Mplx by 63.6% in the fourth quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock valued at $33,000 after acquiring an additional 350 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in Mplx by 2.5% in the fourth quarter. Linscomb & Williams Inc. now owns 15,948 shares of the pipeline company’s stock valued at $586,000 after acquiring an additional 389 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in Mplx by 4.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 10,064 shares of the pipeline company’s stock valued at $370,000 after acquiring an additional 410 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. boosted its stake in Mplx by 3.8% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 13,266 shares of the pipeline company’s stock valued at $487,000 after acquiring an additional 482 shares in the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Stock Down 0.5 %

MPLX stock opened at $40.81 on Thursday. The firm has a market cap of $41.47 billion, a PE ratio of 10.52, a P/E/G ratio of 2.04 and a beta of 1.35. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.67 and a current ratio of 0.72. The firm’s fifty day moving average is $40.90 and its 200 day moving average is $39.34. Mplx Lp has a one year low of $33.12 and a one year high of $42.90.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, April 30th. The pipeline company reported $0.98 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.01). The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.89 billion. Mplx had a net margin of 34.96% and a return on equity of 31.70%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. On average, research analysts forecast that Mplx Lp will post 4.01 EPS for the current year.

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 8.33%. The ex-dividend date of this dividend was Thursday, May 2nd. Mplx’s payout ratio is 87.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MPLX shares. Barclays raised their target price on Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Stifel Nicolaus lifted their target price on Mplx from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on shares of Mplx from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 13th. Finally, UBS Group increased their price objective on shares of Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Mplx currently has a consensus rating of “Buy” and an average target price of $45.11.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.