SL Advisors LLC Has $772,000 Stock Position in Mplx Lp (NYSE:MPLX)

SL Advisors LLC lifted its stake in shares of Mplx Lp (NYSE:MPLX) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,375 shares of the pipeline company’s stock after purchasing an additional 765 shares during the period. Mplx accounts for 1.4% of SL Advisors LLC’s holdings, making the stock its 20th biggest position. SL Advisors LLC’s holdings in Mplx were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in MPLX. Quent Capital LLC bought a new stake in Mplx in the first quarter valued at approximately $35,000. Crewe Advisors LLC bought a new stake in Mplx in the 1st quarter valued at $41,000. Pacifica Partners Inc. bought a new stake in Mplx in the 1st quarter valued at $41,000. Register Financial Advisors LLC acquired a new stake in Mplx during the 1st quarter valued at $42,000. Finally, CWM LLC boosted its position in Mplx by 73.3% during the second quarter. CWM LLC now owns 1,066 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 451 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Ratings Changes

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

Mplx Stock Down 0.8 %

MPLX stock opened at $43.79 on Wednesday. Mplx Lp has a 52 week low of $35.06 and a 52 week high of $45.24. The business has a 50-day simple moving average of $42.98 and a 200 day simple moving average of $42.01. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.41. The company has a market cap of $44.49 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.37.

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

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were issued a dividend of $0.85 per share. The ex-dividend date was Friday, August 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.77%. Mplx’s dividend payout ratio (DPR) is currently 87.63%.

Mplx 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.