Mplx Lp $MPLX Stock Holdings Boosted by Oxbow Advisors LLC

Oxbow Advisors LLC raised its holdings in Mplx Lp (NYSE:MPLX) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 434,012 shares of the pipeline company’s stock after purchasing an additional 28,838 shares during the period. Mplx comprises 2.1% of Oxbow Advisors LLC’s holdings, making the stock its 6th largest position. Oxbow Advisors LLC’s holdings in Mplx were worth $24,769,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Solstein Capital LLC purchased a new stake in shares of Mplx in the third quarter valued at approximately $25,000. EQ Wealth Advisors LLC purchased a new position in shares of Mplx during the 4th quarter valued at approximately $32,000. Wiser Advisor Group LLC purchased a new position in shares of Mplx during the 3rd quarter valued at approximately $38,000. Prosperity Bancshares Inc acquired a new stake in Mplx in the 4th quarter valued at $43,000. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in Mplx in the 4th quarter valued at $49,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MPLX. Wall Street Zen lowered shares of Mplx from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays increased their price objective on shares of Mplx from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Mplx in a research report on Thursday. Morgan Stanley cut their target price on shares of Mplx from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mplx from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Mplx presently has an average rating of “Moderate Buy” and an average target price of $61.60.

Mplx Stock Performance

NYSE MPLX opened at $57.20 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.10 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $55.89 and its 200-day simple moving average is $56.03. The company has a market cap of $58.04 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 5.48 and a beta of 0.47. Mplx Lp has a 1-year low of $47.80 and a 1-year high of $59.98.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). Mplx had a return on equity of 32.74% and a net margin of 36.38%.The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Mplx Lp will post 4.22 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a dividend of $1.0765 per share. This represents a $4.31 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend was Friday, May 8th. Mplx’s payout ratio is 93.29%.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.