Private Wealth Partners LLC Has $4.34 Million Stock Holdings in Mplx Lp $MPLX

Private Wealth Partners LLC increased its position in Mplx Lp (NYSE:MPLX) by 19.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,800 shares of the pipeline company’s stock after buying an additional 13,900 shares during the quarter. Private Wealth Partners LLC’s holdings in Mplx were worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in MPLX. Bank of America Corp DE raised its stake in shares of Mplx by 8.3% during the second quarter. Bank of America Corp DE now owns 9,873,619 shares of the pipeline company’s stock valued at $508,590,000 after acquiring an additional 757,569 shares during the last quarter. Natixis grew its stake in shares of Mplx by 1,585.3% in the second quarter. Natixis now owns 403,758 shares of the pipeline company’s stock worth $20,798,000 after purchasing an additional 379,800 shares during the last quarter. Merewether Investment Management LP acquired a new stake in Mplx in the second quarter valued at $16,988,000. Energy Income Partners LLC raised its position in Mplx by 4.5% during the 2nd quarter. Energy Income Partners LLC now owns 5,541,795 shares of the pipeline company’s stock worth $285,458,000 after purchasing an additional 236,932 shares during the last quarter. Finally, Parkwood LLC acquired a new position in Mplx during the 2nd quarter worth about $8,236,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MPLX shares. Raymond James Financial downgraded Mplx from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Morgan Stanley raised their price target on shares of Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Zacks Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Barclays increased their price objective on shares of Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $57.00 target price on shares of Mplx in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Mplx Trading Down 0.6%

MPLX opened at $55.92 on Friday. The company has a fifty day moving average price of $54.47 and a two-hundred day moving average price of $52.00. Mplx Lp has a 1-year low of $44.60 and a 1-year high of $57.15. The company has a market cap of $56.87 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 5.09 and a beta of 0.56. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, November 4th. The pipeline company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.45. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.16 billion. Mplx had a return on equity of 34.14% and a net margin of 37.61%. Analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 9th will be given a $1.0765 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $4.31 annualized dividend and a yield of 7.7%. Mplx’s dividend payout ratio (DPR) is presently 91.31%.

Mplx 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.