9,549 Shares of Mplx Lp $MPLX Acquired by Integrity Alliance LLC.

Integrity Alliance LLC. purchased a new stake in Mplx Lp (NYSE:MPLX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,549 shares of the pipeline company’s stock, valued at approximately $538,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPLX. GraniteShares Advisors LLC increased its holdings in Mplx by 1.6% during the 3rd quarter. GraniteShares Advisors LLC now owns 52,839 shares of the pipeline company’s stock worth $2,976,000 after purchasing an additional 816 shares during the last quarter. Walled Lake Planning & Wealth Management LLC boosted its stake in shares of Mplx by 17.6% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 11,674 shares of the pipeline company’s stock valued at $657,000 after buying an additional 1,750 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of Mplx by 7.5% during the 3rd quarter. Vise Technologies Inc. now owns 3,921 shares of the pipeline company’s stock valued at $221,000 after buying an additional 273 shares during the last quarter. Intrua Financial LLC grew its position in shares of Mplx by 35.7% during the third quarter. Intrua Financial LLC now owns 7,248 shares of the pipeline company’s stock worth $408,000 after buying an additional 1,906 shares in the last quarter. Finally, MGO One Seven LLC grew its position in shares of Mplx by 0.9% during the third quarter. MGO One Seven LLC now owns 25,046 shares of the pipeline company’s stock worth $1,411,000 after buying an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of MPLX opened at $55.91 on Friday. The company’s 50 day moving average price is $58.21 and its 200 day moving average price is $57.26. Mplx Lp has a 52 week low of $50.22 and a 52 week high of $60.95. The company has a market capitalization of $56.69 billion, a PE ratio of 13.06, a PEG ratio of 5.30 and a beta of 0.48. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.56.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, November 3rd. The pipeline company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. Mplx had a net margin of 32.91% and a return on equity of 30.30%. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Research analysts expect that Mplx Lp will post 4.27 EPS for the current fiscal year.

Mplx Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 6th will be issued a dividend of $1.2111 per share. The ex-dividend date is Friday, November 6th. This represents a $4.84 annualized dividend and a dividend yield of 8.7%. This is an increase from Mplx’s previous quarterly dividend of $1.0765. Mplx’s dividend payout ratio is presently 100.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MPLX shares. JPMorgan Chase & Co. initiated coverage on shares of Mplx in a research note on Tuesday, October 20th. They set a “neutral” rating and a $62.00 price objective on the stock. Citigroup increased their target price on shares of Mplx from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday. Stifel Nicolaus started coverage on shares of Mplx in a research note on Thursday, September 10th. They set a “hold” rating and a $65.00 target price on the stock. Barclays boosted their price target on shares of Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Wolfe Research lowered shares of Mplx from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.90.

About Mplx

MPLX LP is a diversified midstream energy company formed by Marathon Petroleum in 2012. It owns and operates infrastructure that gathers, processes, transports and stores energy products, connecting producers and refiners with customers and markets.

The company’s assets include natural gas and natural gas liquids gathering and processing facilities, pipelines and fractionation plants, as well as crude oil and refined-product pipelines, storage terminals and inland marine transport operations.