ARK & TLK Investments LLC Purchases Shares of 4,129 Mplx Lp (NYSE:MPLX)

ARK & TLK Investments LLC purchased a new stake in Mplx Lp (NYSE:MPLX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,129 shares of the pipeline company’s stock, valued at approximately $221,000.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Mplx by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company’s stock valued at $330,448,000 after acquiring an additional 266,998 shares in the last quarter. Bramshill Investments LLC raised its holdings in shares of Mplx by 71.4% in the 4th quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company’s stock worth $1,442,000 after buying an additional 12,556 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Mplx by 221.9% in the 4th quarter. Neuberger Berman Group LLC now owns 643,995 shares of the pipeline company’s stock worth $30,822,000 after buying an additional 443,910 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Mplx by 47.5% in the 4th quarter. Blair William & Co. IL now owns 18,520 shares of the pipeline company’s stock worth $886,000 after buying an additional 5,965 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Mplx by 17.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 108,988 shares of the pipeline company’s stock worth $5,833,000 after buying an additional 15,807 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Barclays increased their target price on Mplx from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.63.

Mplx Stock Up 0.5%

NYSE MPLX opened at $50.71 on Friday. The firm has a market cap of $51.76 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.57 and a beta of 0.73. Mplx Lp has a one year low of $39.95 and a one year high of $54.87. The stock’s 50 day simple moving average is $50.98 and its 200 day simple moving average is $51.30. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 1.04.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The business 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. As a group, sell-side analysts forecast that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $0.9565 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a yield of 7.54%. Mplx’s dividend payout ratio (DPR) is presently 88.45%.

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.