Mplx Lp (NYSE:MPLX) is Eagle Global Advisors LLC’s 5th Largest Position

Eagle Global Advisors LLC increased its position in shares of Mplx Lp (NYSE:MPLX) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,651,637 shares of the pipeline company’s stock after purchasing an additional 128,911 shares during the period. Mplx makes up 3.7% of Eagle Global Advisors LLC’s portfolio, making the stock its 5th largest holding. Eagle Global Advisors LLC owned about 0.16% of Mplx worth $60,648,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Avalon Trust Co raised its stake in shares of Mplx by 23.4% during the 4th quarter. Avalon Trust Co now owns 1,711 shares of the pipeline company’s stock worth $63,000 after acquiring an additional 324 shares in the last quarter. Lee Financial Co raised its stake in shares of Mplx by 5.1% during the 3rd quarter. Lee Financial Co now owns 6,821 shares of the pipeline company’s stock worth $243,000 after acquiring an additional 329 shares in the last quarter. PSI Advisors LLC raised its stake in shares of Mplx by 63.6% during the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. Ausdal Financial Partners Inc. raised its stake in shares of Mplx by 4.2% during the 4th quarter. Ausdal Financial Partners Inc. now owns 10,064 shares of the pipeline company’s stock worth $370,000 after acquiring an additional 410 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Mplx by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 19,061 shares of the pipeline company’s stock worth $678,000 after acquiring an additional 415 shares in the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Trading Down 0.1 %

MPLX stock traded down $0.03 during mid-day trading on Friday, hitting $40.21. 1,998,000 shares of the company were exchanged, compared to its average volume of 2,187,359. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $40.86 billion, a P/E ratio of 10.37, a PEG ratio of 2.31 and a beta of 1.35. The business has a fifty day simple moving average of $41.09 and a 200-day simple moving average of $38.66. Mplx Lp has a 12-month low of $33.12 and a 12-month high of $42.90.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.01). Mplx had a return on equity of 31.70% and a net margin of 34.96%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the business earned $0.91 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Mplx Lp will post 4.01 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, May 3rd were issued a $0.85 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $3.40 annualized dividend and a yield of 8.46%. Mplx’s dividend payout ratio (DPR) is 87.63%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Mplx from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada boosted their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Raymond James boosted their target price on shares of Mplx from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Barclays boosted their target price on shares of Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.11.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.