Signal Advisors Wealth LLC Acquires Shares of 11,444 Mplx Lp $MPLX

Signal Advisors Wealth LLC acquired a new position in Mplx Lp (NYSE:MPLX) during the first quarter, Holdings Channel.com reports. The firm acquired 11,444 shares of the pipeline company’s stock, valued at approximately $653,000.

Other institutional investors have also recently made changes to their positions in the company. Belfer Management LLC boosted its holdings in Mplx by 2.4% in the fourth quarter. Belfer Management LLC now owns 7,849 shares of the pipeline company’s stock valued at $419,000 after purchasing an additional 181 shares during the last quarter. Trueblood Wealth Management LLC lifted its holdings in shares of Mplx by 1.9% in the 4th quarter. Trueblood Wealth Management LLC now owns 9,736 shares of the pipeline company’s stock valued at $520,000 after buying an additional 186 shares during the period. Wealthstar Advisors LLC boosted its stake in shares of Mplx by 1.5% in the fourth quarter. Wealthstar Advisors LLC now owns 12,598 shares of the pipeline company’s stock worth $672,000 after buying an additional 190 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in shares of Mplx by 4.0% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 5,198 shares of the pipeline company’s stock worth $260,000 after buying an additional 198 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in Mplx by 3.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,658 shares of the pipeline company’s stock worth $302,000 after acquiring an additional 208 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Trading Down 2.5%

Shares of MPLX stock opened at $56.25 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.10 and a quick ratio of 1.05. The company has a market cap of $57.08 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 5.53 and a beta of 0.48. The stock has a 50 day simple moving average of $55.73 and a 200-day simple moving average of $55.97. Mplx Lp has a 1-year low of $47.80 and a 1-year high of $59.98.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $3.09 billion. Mplx had a return on equity of 32.74% and a net margin of 36.38%.The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. On average, equities research analysts expect that Mplx Lp will post 4.22 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a dividend of $1.0765 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.7%. Mplx’s payout ratio is currently 93.29%.

Analyst Ratings Changes

Several equities research analysts have commented on MPLX shares. Zacks Research upgraded Mplx from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. UBS Group boosted their target price on shares of Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Stifel Nicolaus increased their price target on shares of Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. raised their price target on shares of Mplx from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings cut shares of Mplx from a “buy (a)” rating to a “buy (a-)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Mplx Company Profile

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.