Militia Capital Partners LP Buys Shares of 3,000 Mplx Lp $MPLX

Militia Capital Partners LP bought a new stake in Mplx Lp (NYSE:MPLX) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the pipeline company’s stock, valued at approximately $161,000.

Other large investors also recently bought and sold shares of the company. Rossby Financial LCC purchased a new stake in Mplx during the first quarter worth about $33,000. JFS Wealth Advisors LLC purchased a new stake in Mplx during the first quarter worth about $37,000. Wealth Preservation Advisors LLC purchased a new stake in Mplx during the first quarter worth about $44,000. MorganRosel Wealth Management LLC purchased a new stake in Mplx during the first quarter worth about $48,000. Finally, PSI Advisors LLC increased its stake in Mplx by 32.5% during the first quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company’s stock worth $59,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MPLX. Stifel Nicolaus boosted their price target on shares of Mplx from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Barclays boosted their price target on shares of Mplx from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Morgan Stanley boosted their price target on shares of Mplx from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.89.

Mplx Stock Up 2.0%

Shares of NYSE:MPLX opened at $50.80 on Friday. The stock has a market cap of $51.77 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.36 and a beta of 0.74. Mplx Lp has a fifty-two week low of $42.92 and a fifty-two week high of $54.87. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average price is $50.72 and its 200 day moving average price is $51.18.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.05). The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Mplx had a net margin of 35.44% and a return on equity of 30.95%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 earnings per share. As a group, equities research analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.5%. The ex-dividend date was Friday, August 8th. Mplx’s dividend payout ratio is currently 90.97%.

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.