Foundations Investment Advisors LLC Takes Position in Mplx Lp $MPLX

Foundations Investment Advisors LLC acquired a new stake in Mplx Lp (NYSE:MPLX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,449 shares of the pipeline company’s stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MSH Capital Advisors LLC purchased a new stake in shares of Mplx in the fourth quarter valued at approximately $431,000. HBK Sorce Advisory LLC increased its position in shares of Mplx by 9.6% during the fourth quarter. HBK Sorce Advisory LLC now owns 11,839 shares of the pipeline company’s stock worth $663,000 after purchasing an additional 1,038 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of Mplx by 1.6% during the fourth quarter. Prospera Financial Services Inc now owns 31,700 shares of the pipeline company’s stock worth $1,692,000 after purchasing an additional 511 shares in the last quarter. Americana Partners LLC increased its position in shares of Mplx by 38.6% during the fourth quarter. Americana Partners LLC now owns 760,306 shares of the pipeline company’s stock worth $40,578,000 after purchasing an additional 211,694 shares in the last quarter. Finally, Mizuho Markets Cayman LP increased its position in shares of Mplx by 9.6% during the fourth quarter. Mizuho Markets Cayman LP now owns 60,308 shares of the pipeline company’s stock worth $3,219,000 after purchasing an additional 5,283 shares in the last quarter. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stifel Nicolaus boosted their price target on Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Weiss Ratings cut Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research report on Monday, May 18th. Zacks Research cut Mplx from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price target on Mplx from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Finally, UBS Group boosted their price target on Mplx from $64.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mplx currently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Mplx Stock Performance

Shares of Mplx stock opened at $55.02 on Tuesday. Mplx Lp has a 52 week low of $47.80 and a 52 week high of $59.98. The business’s fifty day simple moving average is $55.95 and its 200-day simple moving average is $55.64. The firm has a market cap of $55.83 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 5.22 and a beta of 0.48. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.71.

Mplx (NYSE:MPLX) last announced 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 net margin of 36.38% and a return on equity of 32.74%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company earned $1.10 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts forecast that Mplx Lp will post 4.24 earnings per share for the current year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a $1.0765 dividend. This represents a $4.31 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Friday, May 8th. Mplx’s dividend payout ratio is 93.29%.

Mplx 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.