Texas Yale Capital Corp. Has $16.62 Million Holdings in Mplx Lp $MPLX

Texas Yale Capital Corp. raised its holdings in shares of Mplx Lp (NYSE:MPLX) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,445 shares of the pipeline company’s stock after buying an additional 11,600 shares during the quarter. Mplx comprises 0.5% of Texas Yale Capital Corp.’s investment portfolio, making the stock its 27th largest holding. Texas Yale Capital Corp.’s holdings in Mplx were worth $16,622,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MPLX. CIBC Bancorp USA Inc. acquired a new position in shares of Mplx during the third quarter worth approximately $134,319,000. Bank of America Corp DE raised its stake in shares of Mplx by 8.3% in 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 purchasing an additional 757,569 shares in the last quarter. Merewether Investment Management LP acquired a new position in shares of Mplx in the second quarter valued at $16,988,000. Alps Advisors Inc. raised its stake in shares of Mplx by 1.2% in the third quarter. Alps Advisors Inc. now owns 26,409,654 shares of the pipeline company’s stock valued at $1,319,162,000 after purchasing an additional 325,451 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Mplx by 4.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,060,024 shares of the pipeline company’s stock valued at $352,648,000 after purchasing an additional 300,321 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Price Performance

Shares of MPLX stock opened at $54.85 on Friday. The stock’s fifty day moving average is $56.01 and its 200-day moving average is $55.59. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.10. The stock has a market capitalization of $55.66 billion, a PE ratio of 11.87, a PEG ratio of 5.22 and a beta of 0.49. Mplx Lp has a 52 week low of $47.80 and a 52 week high of $59.98.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $3.09 billion. Mplx had a return on equity of 32.74% and a net margin of 36.38%.Mplx’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. Equities research analysts expect that Mplx Lp will post 4.24 EPS for the current fiscal year.

Mplx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a $1.0765 dividend. The ex-dividend date was Friday, May 8th. This represents a $4.31 annualized dividend and a yield of 7.9%. Mplx’s dividend payout ratio (DPR) is currently 93.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MPLX. Stifel Nicolaus upped their target price on Mplx from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group upped their target price on Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, April 20th. UBS Group upped their target price on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Citigroup upped their target price on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Truist Financial cut their target price on Mplx from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mplx presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

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.