Howard Financial Services LTD. Has $946,000 Stake in Mplx Lp (NYSE:MPLX)

Howard Financial Services LTD. grew its position in Mplx Lp (NYSE:MPLX) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,278 shares of the pipeline company’s stock after buying an additional 421 shares during the quarter. Howard Financial Services LTD.’s holdings in Mplx were worth $946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its stake in Mplx by 35.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 37,417 shares of the pipeline company’s stock worth $1,374,000 after purchasing an additional 9,717 shares during the last quarter. Tortoise Index Solutions LLC lifted its position in shares of Mplx by 12.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 463,273 shares of the pipeline company’s stock worth $17,011,000 after buying an additional 52,790 shares during the last quarter. Pinnacle Holdings LLC boosted its stake in Mplx by 4.7% in the fourth quarter. Pinnacle Holdings LLC now owns 82,244 shares of the pipeline company’s stock valued at $3,020,000 after buying an additional 3,723 shares in the last quarter. Brave Warrior Advisors LLC grew its position in Mplx by 41.7% in the fourth quarter. Brave Warrior Advisors LLC now owns 17,000 shares of the pipeline company’s stock valued at $624,000 after acquiring an additional 5,000 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in Mplx during the fourth quarter worth about $1,572,000. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Up 0.0 %

Shares of NYSE:MPLX opened at $43.80 on Wednesday. The firm has a market cap of $44.51 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.24 and a beta of 1.37. Mplx Lp has a 12-month low of $35.06 and a 12-month high of $45.24. The business has a fifty day simple moving average of $43.00 and a 200 day simple moving average of $42.03. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.41.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.17. Mplx had a return on equity of 32.68% and a net margin of 35.95%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. Analysts predict that Mplx Lp will post 4.24 earnings per share for the current year.

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a $0.85 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.76%. Mplx’s dividend payout ratio (DPR) is currently 87.63%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Mplx from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Barclays cut their target price on shares of Mplx from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company upped their price target on shares of Mplx from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Mplx in a report on Wednesday, August 28th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $47.38.

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.