Mplx Lp (NYSE:MPLX) Stock Position Boosted by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC boosted its stake in Mplx Lp (NYSE:MPLX) by 6.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,974 shares of the pipeline company’s stock after buying an additional 2,280 shares during the period. Daymark Wealth Partners LLC’s holdings in Mplx were worth $2,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global Assets Advisory LLC bought a new position in Mplx in the 1st quarter valued at about $230,000. International Assets Investment Management LLC boosted its position in shares of Mplx by 32.6% during the 1st quarter. International Assets Investment Management LLC now owns 9,644 shares of the pipeline company’s stock valued at $516,000 after purchasing an additional 2,370 shares in the last quarter. Balboa Wealth Partners bought a new position in shares of Mplx during the 1st quarter valued at about $204,000. C2C Wealth Management LLC boosted its position in shares of Mplx by 9.2% during the 1st quarter. C2C Wealth Management LLC now owns 20,121 shares of the pipeline company’s stock valued at $1,077,000 after purchasing an additional 1,700 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC boosted its position in shares of Mplx by 5.5% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 33,665 shares of the pipeline company’s stock valued at $1,802,000 after purchasing an additional 1,745 shares in the last quarter. Institutional investors own 24.25% of the company’s stock.

Mplx Price Performance

MPLX stock opened at $52.00 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. Mplx Lp has a one year low of $39.95 and a one year high of $54.87. The firm has a market capitalization of $53.08 billion, a PE ratio of 12.01, a P/E/G ratio of 1.61 and a beta of 0.74. The firm has a 50-day moving average of $51.06 and a two-hundred day moving average of $51.04.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. Mplx had a net margin of 36.34% and a return on equity of 32.08%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend was Friday, May 9th. Mplx’s dividend payout ratio (DPR) is 88.45%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MPLX shares. Morgan Stanley raised their price objective on shares of Mplx from $56.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 11th. Barclays reduced their price objective on shares of Mplx from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. Royal Bank Of Canada raised their price objective on shares of Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, March 17th. Finally, Wall Street Zen lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. One 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.50.

Mplx 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.