Magnus Financial Group LLC Makes New $235,000 Investment in Mplx Lp (NYSE:MPLX)

Magnus Financial Group LLC acquired a new stake in Mplx Lp (NYSE:MPLX) during the 1st quarter, Holdings Channel.com reports. The fund acquired 4,387 shares of the pipeline company’s stock, valued at approximately $235,000.

Several other large investors have also made changes to their positions in MPLX. VSM Wealth Advisory LLC purchased a new position in shares of Mplx during the fourth quarter worth $31,000. Generali Asset Management SPA SGR purchased a new position in shares of Mplx during the 4th quarter valued at about $56,000. Russell Investments Group Ltd. lifted its holdings in shares of Mplx by 139.6% in the 4th quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company’s stock valued at $85,000 after buying an additional 1,040 shares during the period. RE Dickinson Investment Advisors LLC boosted its stake in shares of Mplx by 11.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company’s stock worth $96,000 after buying an additional 208 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Mplx by 25.1% during the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock worth $134,000 after acquiring an additional 517 shares during the period. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Stock Performance

MPLX opened at $51.34 on Friday. The firm’s fifty day simple moving average is $50.42 and its two-hundred day simple moving average is $50.91. Mplx Lp has a 52-week low of $39.95 and a 52-week high of $54.87. The company has a market cap of $52.41 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.69 and a beta of 0.74. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $3.15 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Equities analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a $0.9565 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 annualized dividend and a dividend yield of 7.45%. Mplx’s dividend payout ratio (DPR) is presently 88.22%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MPLX. Morgan Stanley lifted their target price on shares of Mplx from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Wall Street Zen cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Royal Bank of Canada upped their price objective on shares of Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, March 17th. Finally, Barclays dropped their target price on Mplx from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.50.

About Mplx

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.