State of Wyoming Has $523,000 Stock Holdings in Mplx Lp $MPLX

State of Wyoming lifted its stake in shares of Mplx Lp (NYSE:MPLX) by 42.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,771 shares of the pipeline company’s stock after buying an additional 2,907 shares during the quarter. State of Wyoming’s holdings in Mplx were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MPLX. First Trust Advisors LP lifted its stake in shares of Mplx by 8.8% during the 4th quarter. First Trust Advisors LP now owns 96,731 shares of the pipeline company’s stock worth $4,630,000 after buying an additional 7,804 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Mplx by 2.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 15,340 shares of the pipeline company’s stock worth $734,000 after buying an additional 364 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of Mplx by 85.1% during the 4th quarter. Lido Advisors LLC now owns 33,545 shares of the pipeline company’s stock worth $1,605,000 after buying an additional 15,424 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Mplx by 58.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 104,156 shares of the pipeline company’s stock worth $4,985,000 after buying an additional 38,241 shares during the last quarter. Finally, Aptus Capital Advisors LLC bought a new position in Mplx during the fourth quarter worth about $223,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Mplx from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Mplx from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley raised their price target on shares of Mplx from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Barclays raised their price target on shares of Mplx from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.89.

Mplx Price Performance

Shares of NYSE:MPLX opened at $50.93 on Friday. The firm has a 50 day moving average of $50.86 and a 200-day moving average of $51.37. The stock has a market capitalization of $51.90 billion, a PE ratio of 12.10, a PEG ratio of 1.35 and a beta of 0.73. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40. Mplx Lp has a 12 month low of $42.06 and a 12 month high of $54.87.

Mplx (NYSE:MPLX) last issued its 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 firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.13 billion. Mplx had a net margin of 35.44% and a return on equity of 30.95%. Mplx’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. On average, equities research analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a $0.9565 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.83 annualized dividend and a dividend yield of 7.5%. Mplx’s payout ratio is presently 90.74%.

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.