Asset One Wealth Management LLC Purchases Shares of 62,403 Mplx Lp $MPLX

Asset One Wealth Management LLC bought a new stake in Mplx Lp (NYSE:MPLX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 62,403 shares of the pipeline company’s stock, valued at approximately $3,452,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MPLX. NewEdge Advisors LLC boosted its stake in shares of Mplx by 4.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,049 shares of the pipeline company’s stock valued at $1,287,000 after purchasing an additional 939 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mplx by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 16,557 shares of the pipeline company’s stock valued at $853,000 after purchasing an additional 1,021 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Mplx by 5.4% in the 2nd quarter. Guggenheim Capital LLC now owns 19,139 shares of the pipeline company’s stock valued at $986,000 after purchasing an additional 972 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Mplx by 12.5% in the 2nd quarter. Cerity Partners LLC now owns 53,113 shares of the pipeline company’s stock valued at $2,736,000 after purchasing an additional 5,916 shares in the last quarter. Finally, Glenview Trust co boosted its stake in shares of Mplx by 62.5% in the 2nd quarter. Glenview Trust co now owns 6,500 shares of the pipeline company’s stock valued at $335,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Down 0.3%

Shares of NYSE MPLX opened at $55.91 on Thursday. The firm’s 50-day simple moving average is $55.63 and its 200 day simple moving average is $55.89. The company has a market cap of $56.73 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 5.38 and a beta of 0.48. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.71. Mplx Lp has a 12-month low of $47.80 and a 12-month high of $59.98.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.15). The company had revenue of $2.86 billion for 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 firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. On average, research analysts expect that Mplx Lp will post 4.22 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a dividend of $1.0765 per share. This represents a $4.31 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Friday, May 8th. Mplx’s payout ratio is currently 93.29%.

Analysts Set New Price Targets

MPLX has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. UBS Group boosted their target price on shares of Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Zacks Research upgraded shares of Mplx from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Stifel Nicolaus upped their price target on shares of Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company reduced their price target on shares of Mplx from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.