Mplx Lp (NYSE:MPLX) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lifted its position in Mplx Lp (NYSE:MPLX) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,505 shares of the pipeline company’s stock after purchasing an additional 415 shares during the period. Brown Brothers Harriman & Co.’s holdings in Mplx were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MPLX. Quent Capital LLC acquired a new position in shares of Mplx in the 1st quarter valued at $35,000. Pacifica Partners Inc. acquired a new position in Mplx during the first quarter worth $41,000. Crewe Advisors LLC acquired a new position in Mplx during the first quarter worth $41,000. Register Financial Advisors LLC acquired a new position in Mplx during the first quarter worth $42,000. Finally, CWM LLC raised 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 acquiring an additional 451 shares during the period. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Trading Up 0.4 %

Shares of MPLX opened at $44.05 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.41. Mplx Lp has a 12-month low of $34.52 and a 12-month high of $44.49. The firm has a 50-day moving average price of $42.48 and a 200 day moving average price of $41.62. The firm has a market capitalization of $44.76 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.19 and a beta of 1.37.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $1.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Mplx’s quarterly revenue was up 13.5% on a year-over-year basis. Sell-side analysts forecast that Mplx Lp will post 4.24 EPS for the current year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date was Friday, August 9th. Mplx’s dividend payout ratio is currently 87.63%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of Mplx from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $47.00 price objective on shares of Mplx in a research report on Wednesday, August 28th. Wells Fargo & Company upped their price objective on shares of Mplx from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 11th. Finally, Barclays dropped their target price on shares of Mplx from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Monday. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mplx presently has a consensus rating of “Buy” and a consensus target price of $46.56.

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.