SOA Wealth Advisors LLC. Sells 225 Shares of Mplx Lp (NYSE:MPLX)

SOA Wealth Advisors LLC. trimmed its position in Mplx Lp (NYSE:MPLX) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,440 shares of the pipeline company’s stock after selling 225 shares during the period. SOA Wealth Advisors LLC.’s holdings in Mplx were worth $184,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC lifted its holdings in shares of Mplx by 5.8% in the first quarter. Princeton Global Asset Management LLC now owns 11,898 shares of the pipeline company’s stock valued at $637,000 after purchasing an additional 651 shares in the last quarter. Magnus Financial Group LLC bought a new stake in shares of Mplx in the first quarter valued at about $235,000. NBC Securities Inc. lifted its holdings in shares of Mplx by 112,300.0% in the first quarter. NBC Securities Inc. now owns 4,496 shares of the pipeline company’s stock valued at $240,000 after purchasing an additional 4,492 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Mplx by 14.5% in the first quarter. Parallel Advisors LLC now owns 7,943 shares of the pipeline company’s stock valued at $425,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Howard Financial Services LTD. grew its holdings in shares of Mplx by 1.8% in the 1st quarter. Howard Financial Services LTD. now owns 32,476 shares of the pipeline company’s stock valued at $1,738,000 after acquiring an additional 564 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Trading Up 0.1%

Mplx stock opened at $51.34 on Monday. Mplx Lp has a 52 week low of $39.95 and a 52 week high of $54.87. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $52.41 billion, a P/E ratio of 12.20, a PEG ratio of 1.69 and a beta of 0.74. The stock has a 50-day simple moving average of $50.42 and a 200 day simple moving average of $50.92.

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

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date was Friday, May 9th. Mplx’s payout ratio is currently 88.22%.

Analyst Ratings Changes

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

Mplx Company Profile

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.