Mplx Lp $MPLX Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Mplx Lp (NYSE:MPLX) by 60.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,878 shares of the pipeline company’s stock after purchasing an additional 12,379 shares during the quarter. Quantinno Capital Management LP’s holdings in Mplx were worth $1,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Invesco Ltd. raised its stake in shares of Mplx by 0.7% during the third quarter. Invesco Ltd. now owns 19,561,938 shares of the pipeline company’s stock worth $977,119,000 after purchasing an additional 143,361 shares during the last quarter. Bank of America Corp DE grew its position in Mplx by 8.3% in the 2nd quarter. Bank of America Corp DE now owns 9,873,619 shares of the pipeline company’s stock valued at $508,590,000 after buying an additional 757,569 shares during the last quarter. Morgan Stanley grew its position in Mplx by 23.7% in the 4th quarter. Morgan Stanley now owns 5,763,110 shares of the pipeline company’s stock valued at $307,577,000 after buying an additional 1,104,510 shares during the last quarter. Energy Income Partners LLC increased its stake in Mplx by 2.1% in the 3rd quarter. Energy Income Partners LLC now owns 5,659,885 shares of the pipeline company’s stock valued at $282,711,000 after buying an additional 118,090 shares during the period. Finally, UBS Group AG increased its stake in Mplx by 0.7% in the 4th quarter. UBS Group AG now owns 5,304,746 shares of the pipeline company’s stock valued at $283,114,000 after buying an additional 38,283 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MPLX. Morgan Stanley reduced their target price on shares of Mplx from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings lowered shares of Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Wells Fargo & Company increased their price target on shares of Mplx from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Barclays raised their price objective on shares of Mplx from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Mplx in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.20.

Mplx Price Performance

Mplx stock opened at $59.30 on Wednesday. The company has a market cap of $60.18 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 5.57 and a beta of 0.48. Mplx Lp has a one year low of $47.80 and a one year high of $60.95. The business has a fifty day moving average of $57.26 and a two-hundred day moving average of $56.76. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.83 and a current ratio of 0.89.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Mplx had a net margin of 35.75% and a return on equity of 32.83%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, analysts predict that Mplx Lp will post 4.27 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 7th will be issued a $1.0765 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.31 dividend on an annualized basis and a yield of 7.3%. Mplx’s dividend payout ratio (DPR) is 92.69%.

About Mplx

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.