Diversified Trust Co. Acquires Shares of 12,478 Mplx Lp $MPLX

Diversified Trust Co. acquired a new position in shares of Mplx Lp (NYSE:MPLX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,478 shares of the pipeline company’s stock, valued at approximately $666,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chickasaw Capital Management LLC lifted its position in shares of Mplx by 2.2% during the third quarter. Chickasaw Capital Management LLC now owns 5,611,824 shares of the pipeline company’s stock worth $280,311,000 after purchasing an additional 120,216 shares during the last quarter. Caprock Group LLC bought a new stake in Mplx in the third quarter valued at about $2,698,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Mplx in the third quarter valued at about $990,000. Bridges Investment Management Inc. raised its stake in Mplx by 53.2% during the third quarter. Bridges Investment Management Inc. now owns 103,351 shares of the pipeline company’s stock valued at $5,162,000 after buying an additional 35,869 shares in the last quarter. Finally, Natixis raised its stake in Mplx by 1,585.3% during the second quarter. Natixis now owns 403,758 shares of the pipeline company’s stock valued at $20,798,000 after buying an additional 379,800 shares in the last quarter. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of NYSE MPLX opened at $58.14 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 1.66. The firm’s 50-day moving average price is $57.28 and its two-hundred day moving average price is $53.93. Mplx Lp has a 52-week low of $44.60 and a 52-week high of $59.98. The stock has a market capitalization of $59.02 billion, a P/E ratio of 12.06, a P/E/G ratio of 5.40 and a beta of 0.56.

Mplx (NYSE:MPLX) last posted its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $3.23 billion. Mplx had a return on equity of 34.37% and a net margin of 37.79%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. As a group, sell-side analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a dividend of $1.0765 per share. The ex-dividend date was Monday, February 9th. This represents a $4.31 dividend on an annualized basis and a yield of 7.4%. Mplx’s payout ratio is currently 89.42%.

Wall Street Analyst Weigh In

MPLX has been the subject of several research reports. Raymond James Financial lowered Mplx from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. UBS Group upped their price target on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Wells Fargo & Company raised their price objective on Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Wall Street Zen raised shares of Mplx from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Mplx in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.56.

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.