Kayne Anderson Capital Advisors LP increased its position in shares of Mplx Lp (NYSE:MPLX) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,607,101 shares of the pipeline company’s stock after buying an additional 539,300 shares during the period. Mplx Lp accounts for about 4.6% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 6th largest position. Kayne Anderson Capital Advisors LP owned about 3.53% of Mplx Lp worth $454,846,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of MPLX. Linscomb & Williams Inc. increased its position in shares of Mplx Lp by 0.3% in the first quarter. Linscomb & Williams Inc. now owns 13,990 shares of the pipeline company’s stock worth $505,000 after buying an additional 41 shares during the last quarter. Keybank National Association OH increased its position in shares of Mplx Lp by 2.7% in the fourth quarter. Keybank National Association OH now owns 8,460 shares of the pipeline company’s stock worth $293,000 after buying an additional 220 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Mplx Lp by 4.0% in the third quarter. Suntrust Banks Inc. now owns 7,412 shares of the pipeline company’s stock worth $250,000 after buying an additional 287 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Mplx Lp by 2.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 21,954 shares of the pipeline company’s stock worth $792,000 after buying an additional 494 shares during the last quarter. Finally, Catawba Capital Management VA increased its position in shares of Mplx Lp by 2.5% in the first quarter. Catawba Capital Management VA now owns 27,085 shares of the pipeline company’s stock worth $977,000 after buying an additional 662 shares during the last quarter. 67.94% of the stock is currently owned by institutional investors and hedge funds.
Mplx Lp (NYSE:MPLX) traded up 2.29% during mid-day trading on Friday, reaching $35.35. The company’s stock had a trading volume of 1,021,991 shares. Mplx Lp has a 52-week low of $30.09 and a 52-week high of $39.43. The stock has a market cap of $13.25 billion, a PE ratio of 72.89 and a beta of 1.37. The company has a 50 day moving average of $35.83 and a 200-day moving average of $35.35.
Mplx Lp (NYSE:MPLX) last released its quarterly earnings data on Thursday, April 27th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $886 million for the quarter, compared to analyst estimates of $691.38 million. Mplx Lp had a return on equity of 3.24% and a net margin of 7.22%. The business’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.33) earnings per share. Equities analysts forecast that Mplx Lp will post $0.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were paid a $0.54 dividend. This is a positive change from Mplx Lp’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $2.16 annualized dividend and a yield of 6.25%. Mplx Lp’s dividend payout ratio is currently -3,466.09%.
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A number of research analysts recently weighed in on the company. Zacks Investment Research raised Mplx Lp from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet raised Mplx Lp from a “c” rating to a “b-” rating in a research note on Friday, April 28th. FBR & Co reissued a “hold” rating on shares of Mplx Lp in a research note on Thursday, March 2nd. Citigroup Inc raised their price objective on Mplx Lp from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, April 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $44.00 price objective on shares of Mplx Lp in a research note on Wednesday, April 19th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Mplx Lp has an average rating of “Buy” and an average price target of $42.10.
In other Mplx Lp news, VP Randy S. Nickerson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $36.20, for a total value of $543,000.00. Following the sale, the vice president now owns 177,552 shares in the company, valued at $6,427,382.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Mplx Lp Company Profile
MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.
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