ORG Wealth Partners LLC Boosts Holdings in Mplx Lp (NYSE:MPLX)

ORG Wealth Partners LLC increased its holdings in Mplx Lp (NYSE:MPLX) by 27.1% during the first quarter, Holdings Channel reports. The firm owned 6,850 shares of the pipeline company’s stock after acquiring an additional 1,460 shares during the quarter. ORG Wealth Partners LLC’s holdings in Mplx were worth $368,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MPLX. VSM Wealth Advisory LLC purchased a new position in Mplx in the 4th quarter worth approximately $31,000. Generali Asset Management SPA SGR purchased a new position in Mplx in the 4th quarter worth approximately $56,000. PSI Advisors LLC lifted its holdings in Mplx by 32.5% in the 1st quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company’s stock worth $59,000 after purchasing an additional 270 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Mplx by 139.6% during 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. Finally, RE Dickinson Investment Advisors LLC raised its holdings in Mplx by 11.5% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company’s stock valued at $96,000 after buying an additional 208 shares during the period. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Stock Down 0.2%

Mplx stock opened at $51.34 on Thursday. The firm has a market cap of $52.40 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.61 and a beta of 0.74. Mplx Lp has a 52 week low of $39.95 and a 52 week high of $54.87. The business’s 50-day moving average price is $50.81 and its 200 day moving average price is $50.98. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last posted its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.07 by $0.03. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $3.15 billion. Mplx had a return on equity of 32.08% and a net margin of 36.34%. Mplx’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.45%. The ex-dividend date was Friday, May 9th. Mplx’s payout ratio is currently 88.45%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MPLX shares. Wall Street Zen lowered 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 Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, March 17th. Morgan Stanley upped their price objective on Mplx from $56.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 11th. Finally, Barclays dropped their price target 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.