Mplx Lp $MPLX Shares Bought by TrueMark Investments LLC

TrueMark Investments LLC increased its stake in Mplx Lp (NYSE:MPLX) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,817 shares of the pipeline company’s stock after acquiring an additional 13,785 shares during the period. Mplx makes up approximately 2.6% of TrueMark Investments LLC’s investment portfolio, making the stock its 5th biggest position. TrueMark Investments LLC’s holdings in Mplx were worth $13,230,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MPLX. Solstein Capital LLC acquired a new stake in Mplx in the third quarter worth approximately $25,000. EQ Wealth Advisors LLC bought a new position in Mplx during the 4th quarter valued at $32,000. Wiser Advisor Group LLC acquired a new position in shares of Mplx during the 3rd quarter valued at $38,000. Prosperity Bancshares Inc acquired a new position in shares of Mplx during the 4th quarter valued at $43,000. Finally, Groesbeck Investment Management Corp NJ acquired a new position in shares of Mplx during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Price Performance

Shares of NYSE:MPLX opened at $56.25 on Thursday. The company has a market capitalization of $57.08 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 5.53 and a beta of 0.48. 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 fifty day moving average of $55.73 and a 200-day moving average of $55.97. Mplx Lp has a one year low of $47.80 and a one year high of $59.98.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The company had revenue of $2.86 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. As a group, equities analysts anticipate that Mplx Lp will post 4.22 EPS for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were given a $1.0765 dividend. The ex-dividend date was Friday, May 8th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.7%. Mplx’s dividend payout ratio (DPR) is 93.29%.

Analyst Upgrades and Downgrades

MPLX has been the subject of several research analyst reports. Barclays upped their price objective on Mplx from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Stifel Nicolaus lifted their target price on Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. UBS Group boosted their price target on shares of Mplx from $64.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Morgan Stanley reduced their price objective on shares of Mplx from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock 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.