Mplx Lp $MPLX Stock Holdings Lifted by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC increased its stake in shares of Mplx Lp (NYSE:MPLX) by 2.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,068,251 shares of the pipeline company’s stock after acquiring an additional 30,267 shares during the quarter. Mplx accounts for 4.2% of Infrastructure Capital Advisors LLC’s portfolio, making the stock its 5th biggest position. Infrastructure Capital Advisors LLC’s holdings in Mplx were worth $60,965,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MPLX. EQ Wealth Advisors LLC bought a new stake in shares of Mplx in the 4th quarter worth $32,000. Assetmark Inc. lifted its position in shares of Mplx by 81.5% during the first quarter. Assetmark Inc. now owns 559 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 251 shares in the last quarter. Wiser Advisor Group LLC bought a new position in shares of Mplx during the third quarter valued at about $38,000. Prosperity Bancshares Inc purchased a new position in Mplx during the fourth quarter worth about $43,000. Finally, Groesbeck Investment Management Corp NJ purchased a new position in Mplx during the fourth quarter worth about $49,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Price Performance

MPLX opened at $58.33 on Tuesday. The firm has a market cap of $59.19 billion, a P/E ratio of 12.63, a PEG ratio of 5.66 and a beta of 0.47. The firm has a 50-day moving average of $56.52 and a 200 day moving average of $56.43. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.10. Mplx Lp has a fifty-two week low of $47.80 and a fifty-two week high of $59.98.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Mplx had a return on equity of 32.74% and a net margin of 36.38%.The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, research analysts expect that Mplx Lp will post 4.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MPLX shares. Zacks Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Barclays boosted their target price on Mplx from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. The Goldman Sachs Group upped their target price on Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a report on Monday, April 20th. Truist Financial decreased their price target on Mplx from $67.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, Morgan Stanley dropped their price target on Mplx from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Mplx presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

About Mplx

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.