Mplx Lp (NYSE:MPLX) Shares Sold by Claro Advisors LLC

Claro Advisors LLC lowered its position in Mplx Lp (NYSE:MPLX) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,253 shares of the pipeline company’s stock after selling 629 shares during the quarter. Claro Advisors LLC’s holdings in Mplx were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. PSI Advisors LLC boosted its holdings in shares of 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. HBC Financial Services PLLC bought a new position in shares of Mplx in the fourth quarter valued at approximately $36,000. Fortitude Family Office LLC bought a new position in shares of Mplx in the fourth quarter valued at approximately $41,000. Pacifica Partners Inc. bought a new position in shares of Mplx in the first quarter valued at approximately $41,000. Finally, Register Financial Advisors LLC bought a new position in shares of Mplx in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Trading Up 0.7 %

Mplx stock opened at $42.87 on Tuesday. The company has a 50 day moving average price of $41.16 and a 200 day moving average price of $39.66. Mplx Lp has a 52 week low of $33.86 and a 52 week high of $43.00. 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 has a market capitalization of $43.56 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 2.13 and a beta of 1.37.

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

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were given a $0.85 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $3.40 dividend on an annualized basis and a yield of 7.93%. Mplx’s payout ratio is 87.63%.

Analysts Set New Price Targets

MPLX has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Mplx from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. UBS Group raised their target price on shares of Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Truist Financial raised their target price on shares of Mplx from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Barclays raised their target price on shares of Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Mplx currently has an average rating of “Moderate Buy” and an average price target of $45.11.

About Mplx

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.