Mplx Lp (NYSE:MPLX) is Karpas Strategies LLC’s 10th Largest Position

Karpas Strategies LLC boosted its stake in shares of Mplx Lp (NYSE:MPLXFree Report) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,556 shares of the pipeline company’s stock after purchasing an additional 1,451 shares during the quarter. Mplx makes up 2.2% of Karpas Strategies LLC’s investment portfolio, making the stock its 10th biggest holding. Karpas Strategies LLC’s holdings in Mplx were worth $6,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MPLX. Fairfield Bush & CO. purchased a new stake in Mplx during the 1st quarter worth about $126,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Mplx by 15.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,907 shares of the pipeline company’s stock valued at $926,000 after acquiring an additional 3,691 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Mplx by 49.5% in the 1st quarter. Private Advisor Group LLC now owns 12,826 shares of the pipeline company’s stock valued at $426,000 after acquiring an additional 4,247 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of Mplx in the 1st quarter valued at about $205,000. Finally, Cetera Investment Advisers increased its holdings in shares of Mplx by 14.8% in the 1st quarter. Cetera Investment Advisers now owns 9,688 shares of the pipeline company’s stock valued at $321,000 after acquiring an additional 1,248 shares during the last quarter. Hedge funds and other institutional investors own 22.43% of the company’s stock.

Mplx Stock Performance

Shares of NYSE MPLX traded down $0.07 during trading hours on Friday, reaching $37.72. The stock had a trading volume of 1,907,675 shares, compared to its average volume of 2,086,458. Mplx Lp has a fifty-two week low of $33.03 and a fifty-two week high of $39.22. The firm has a 50-day moving average of $36.95 and a 200-day moving average of $35.92. The company has a current ratio of 1.96, a quick ratio of 1.85 and a debt-to-equity ratio of 1.65. The firm has a market cap of $37.77 billion, a price-to-earnings ratio of 9.92 and a beta of 1.35.

Mplx (NYSE:MPLXGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. Mplx had a return on equity of 32.15% and a net margin of 34.82%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts predict that Mplx Lp will post 3.91 earnings per share for the current year.

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $3.40 dividend on an annualized basis and a yield of 9.01%. Mplx’s payout ratio is 89.24%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James increased their price objective on Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Royal Bank of Canada increased their price objective on Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $42.00.

Read Our Latest Analysis on MPLX

Mplx Profile

(Free Report)

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, exchange, 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 sale of residue gas and condensate.

Featured Articles

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:MPLXFree Report).

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.