Mplx Lp (MPLX) Shares Bought by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC grew its holdings in Mplx Lp (NYSE:MPLX) by 99.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,036,595 shares of the pipeline company’s stock after acquiring an additional 1,016,705 shares during the period. Mplx comprises approximately 6.8% of Infrastructure Capital Advisors LLC’s portfolio, making the stock its 4th largest position. Infrastructure Capital Advisors LLC owned 0.26% of Mplx worth $67,289,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Wells Fargo & Company MN grew its stake in shares of Mplx by 237.5% during the first quarter. Wells Fargo & Company MN now owns 4,312,428 shares of the pipeline company’s stock worth $142,483,000 after purchasing an additional 3,034,805 shares in the last quarter. Eagle Global Advisors LLC grew its stake in shares of Mplx by 37.3% during the first quarter. Eagle Global Advisors LLC now owns 2,496,818 shares of the pipeline company’s stock worth $82,495,000 after purchasing an additional 677,919 shares in the last quarter. American International Group Inc. acquired a new position in shares of Mplx during the fourth quarter worth $566,000. Zimmer Partners LP grew its stake in shares of Mplx by 32.1% during the fourth quarter. Zimmer Partners LP now owns 1,884,849 shares of the pipeline company’s stock worth $66,856,000 after purchasing an additional 458,375 shares in the last quarter. Finally, Global X Management Co. LLC grew its stake in shares of Mplx by 34.4% during the fourth quarter. Global X Management Co. LLC now owns 1,693,101 shares of the pipeline company’s stock worth $60,054,000 after purchasing an additional 433,726 shares in the last quarter. Institutional investors and hedge funds own 32.21% of the company’s stock.

NYSE MPLX opened at $36.50 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.76. Mplx Lp has a 1 year low of $30.88 and a 1 year high of $39.38. The firm has a market capitalization of $29.00 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 2.66 and a beta of 1.27.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Monday, April 30th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. Mplx had a net margin of 21.88% and a return on equity of 10.43%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Mplx’s revenue for the quarter was up 60.3% on a year-over-year basis. sell-side analysts anticipate that Mplx Lp will post 2.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th were paid a $0.6175 dividend. This represents a $2.47 annualized dividend and a yield of 6.77%. The ex-dividend date was Friday, May 4th. This is an increase from Mplx’s previous quarterly dividend of $0.61. Mplx’s dividend payout ratio is currently 233.02%.

A number of brokerages recently commented on MPLX. ValuEngine downgraded shares of Mplx from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Mplx from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, March 28th. Citigroup lowered their target price on shares of Mplx from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, April 10th. Morgan Stanley upgraded shares of Mplx from an “equal” rating to a “weight” rating and set a $40.00 target price for the company in a research note on Friday, March 23rd. Finally, Deutsche Bank began coverage on shares of Mplx in a research note on Thursday, April 19th. They set a “buy” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $41.00.

About Mplx

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.

Want to see what other hedge funds are holding MPLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mplx Lp (NYSE:MPLX).

Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply