Mplx Lp $MPLX Shares Bought by Bollard Group LLC

Bollard Group LLC increased its holdings in Mplx Lp (NYSE:MPLX) by 14.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 405,728 shares of the pipeline company’s stock after buying an additional 52,308 shares during the period. Mplx makes up about 0.7% of Bollard Group LLC’s portfolio, making the stock its 28th largest holding. Bollard Group LLC’s holdings in Mplx were worth $23,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPLX. Belfer Management LLC raised its position in shares of Mplx by 2.4% during the 4th quarter. Belfer Management LLC now owns 7,849 shares of the pipeline company’s stock worth $419,000 after purchasing an additional 181 shares during the period. Trueblood Wealth Management LLC grew its stake in Mplx by 1.9% during the 4th quarter. Trueblood Wealth Management LLC now owns 9,736 shares of the pipeline company’s stock worth $520,000 after buying an additional 186 shares during the last quarter. Wealthstar Advisors LLC grew its stake in Mplx by 1.5% during the 4th quarter. Wealthstar Advisors LLC now owns 12,598 shares of the pipeline company’s stock worth $672,000 after buying an additional 190 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Mplx by 0.9% during the first quarter. Sei Investments Co. now owns 22,175 shares of the pipeline company’s stock valued at $1,266,000 after acquiring an additional 201 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in shares of Mplx by 3.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,658 shares of the pipeline company’s stock valued at $302,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MPLX. Zacks Research upgraded shares of Mplx from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Wells Fargo & Company dropped their price target on shares of Mplx from $63.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Morgan Stanley lowered their target price on Mplx from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group lifted their target price on Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Mplx in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

Mplx Stock Performance

MPLX opened at $58.74 on Friday. The business has a 50 day moving average price of $56.47 and a two-hundred day moving average price of $56.37. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.10 and a quick ratio of 1.05. The company has a market capitalization of $59.61 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 5.51 and a beta of 0.47. Mplx Lp has a 1-year low of $47.80 and a 1-year high of $59.98.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $3.09 billion. Mplx had a net margin of 36.38% and a return on equity of 32.74%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Research analysts predict that Mplx Lp will post 4.22 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a $1.0765 dividend. This represents a $4.31 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Friday, May 8th. Mplx’s dividend payout ratio is presently 93.29%.

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.