Mplx Lp $MPLX Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its holdings in shares of Mplx Lp (NYSE:MPLX) by 16.2% in the third quarter, HoldingsChannel reports. The fund owned 149,367 shares of the pipeline company’s stock after buying an additional 20,777 shares during the period. Advisors Asset Management Inc.’s holdings in Mplx were worth $7,461,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MPLX. Chickasaw Capital Management LLC increased its holdings in Mplx by 2.2% in the third quarter. Chickasaw Capital Management LLC now owns 5,611,824 shares of the pipeline company’s stock worth $280,311,000 after buying an additional 120,216 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Mplx during the 3rd quarter worth $990,000. Natixis raised its holdings in shares of Mplx by 1,585.3% during the 2nd quarter. Natixis now owns 403,758 shares of the pipeline company’s stock valued at $20,798,000 after purchasing an additional 379,800 shares in the last quarter. Bridges Investment Management Inc. lifted its stake in shares of Mplx by 53.2% in the 3rd quarter. Bridges Investment Management Inc. now owns 103,351 shares of the pipeline company’s stock valued at $5,162,000 after purchasing an additional 35,869 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Mplx by 4.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 364,486 shares of the pipeline company’s stock valued at $18,775,000 after purchasing an additional 14,524 shares during the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on MPLX. Barclays raised their target price on shares of Mplx from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Morgan Stanley lifted their price target on Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Zacks Research upgraded shares of Mplx from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a research report on Monday, December 29th. Finally, Citigroup boosted their price target on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.29.

Mplx Trading Up 0.6%

MPLX opened at $55.70 on Thursday. Mplx Lp has a 1-year low of $44.60 and a 1-year high of $57.15. The stock has a market capitalization of $56.65 billion, a PE ratio of 11.56, a PEG ratio of 4.97 and a beta of 0.57. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average price of $54.73 and a two-hundred day moving average price of $52.29.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.23 billion. Mplx had a return on equity of 34.56% and a net margin of 37.79%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. As a group, equities analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be paid a $1.0765 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.7%. Mplx’s dividend payout ratio is 89.42%.

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.