Compass Financial Management LLC Takes $577,000 Position in Mplx Lp $MPLX

Compass Financial Management LLC bought a new position in shares of Mplx Lp (NYSE:MPLX) in the second quarter, HoldingsChannel reports. The institutional investor bought 9,988 shares of the pipeline company’s stock, valued at approximately $577,000.

Several other large investors have also made changes to their positions in MPLX. Trust Co. of Vermont acquired a new stake in Mplx in the second quarter worth about $28,000. EQ Wealth Advisors LLC bought a new position in shares of Mplx in the 4th quarter valued at about $32,000. Assetmark Inc. grew its position in shares of Mplx by 81.5% during the 1st quarter. Assetmark Inc. now owns 559 shares of the pipeline company’s stock worth $32,000 after buying an additional 251 shares during the period. Wiser Advisor Group LLC bought a new stake in shares of Mplx during the third quarter worth approximately $38,000. Finally, Prosperity Bancshares Inc acquired a new position in Mplx in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MPLX shares. Wolfe Research lowered Mplx from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a research note on Thursday, August 13th. Wells Fargo & Company boosted their price objective on shares of Mplx from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Barclays upped their target price on shares of Mplx from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley boosted their price target on shares of Mplx from $60.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.20.

Mplx Trading Down 0.1%

Shares of NYSE:MPLX opened at $58.38 on Monday. The company’s 50-day moving average price is $57.69 and its two-hundred day moving average price is $56.96. Mplx Lp has a one year low of $47.80 and a one year high of $60.95. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.89 and a quick ratio of 0.83. The stock has a market capitalization of $59.19 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 5.53 and a beta of 0.48.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Mplx had a return on equity of 32.83% and a net margin of 35.75%.The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the company earned $1.03 EPS. Mplx’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that Mplx Lp will post 4.28 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were given a dividend of $1.0765 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.31 annualized dividend and a dividend yield of 7.4%. Mplx’s payout ratio is 92.69%.

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.