Mplx Lp $MPLX Position Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Mplx Lp (NYSE:MPLX) by 264.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,000 shares of the pipeline company’s stock after purchasing an additional 21,769 shares during the period. International Assets Investment Management LLC’s holdings in Mplx were worth $1,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Energy Income Partners LLC acquired a new position in Mplx in the 2nd quarter worth about $303,072,000. Royal Bank of Canada raised its position in Mplx by 45.5% in the first quarter. Royal Bank of Canada now owns 1,151,905 shares of the pipeline company’s stock valued at $65,739,000 after purchasing an additional 360,427 shares during the last quarter. Infrastructure Capital Advisors LLC boosted its stake in shares of Mplx by 2.9% during the first quarter. Infrastructure Capital Advisors LLC now owns 1,068,251 shares of the pipeline company’s stock valued at $60,965,000 after purchasing an additional 30,267 shares in the last quarter. NEOS Investment Management LLC boosted its stake in shares of Mplx by 45.5% during the second quarter. NEOS Investment Management LLC now owns 486,025 shares of the pipeline company’s stock valued at $27,378,000 after purchasing an additional 152,041 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Mplx by 1.5% during the first quarter. Chicago Partners Investment Group LLC now owns 486,668 shares of the pipeline company’s stock worth $27,107,000 after purchasing an additional 7,064 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.

Mplx Trading Up 0.0%

Shares of MPLX stock opened at $55.91 on Monday. Mplx Lp has a 1-year low of $50.22 and a 1-year high of $60.95. The company has a current ratio of 1.56, a quick ratio of 1.47 and a debt-to-equity ratio of 1.86. The stock has a market cap of $56.69 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 5.30 and a beta of 0.48. The stock has a 50-day moving average of $58.21 and a 200-day moving average of $57.26.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, November 3rd. The pipeline company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Mplx had a return on equity of 30.30% and a net margin of 32.91%. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. On average, equities research analysts forecast that Mplx Lp will post 4.27 earnings per share for the current year.

Mplx Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 6th will be given a $1.2111 dividend. This is an increase from Mplx’s previous quarterly dividend of $1.0765. The ex-dividend date is Friday, November 6th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 8.7%. Mplx’s dividend payout ratio is presently 113.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MPLX. JPMorgan Chase & Co. began coverage on Mplx in a research note on Tuesday, October 20th. They issued a “neutral” rating and a $62.00 price objective for the company. Weiss Ratings upgraded shares of Mplx from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday, October 30th. Wells Fargo & Company lifted their target price on shares of Mplx from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Citigroup boosted their target price on shares of Mplx from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Morgan Stanley decreased their price target on shares of Mplx from $66.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.90.

Mplx Profile

MPLX LP is a diversified midstream energy company formed by Marathon Petroleum in 2012. It owns and operates infrastructure that gathers, processes, transports and stores energy products, connecting producers and refiners with customers and markets.

The company’s assets include natural gas and natural gas liquids gathering and processing facilities, pipelines and fractionation plants, as well as crude oil and refined-product pipelines, storage terminals and inland marine transport operations.