Posted by admin on Aug 21st, 2022 
Northwestern Mutual Wealth Management Co. lifted its holdings in Mplx Lp (NYSE:MPLX – Get Rating) by 14.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 17,829 shares of the pipeline company’s stock after acquiring an additional 2,308 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Mplx were worth $592,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in MPLX. Jackson Hole Capital Partners LLC raised its holdings in Mplx by 5.8% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 40,905 shares of the pipeline company’s stock valued at $1,357,000 after buying an additional 2,258 shares during the last quarter. Doliver Advisors LP raised its holdings in Mplx by 2.5% during the 1st quarter. Doliver Advisors LP now owns 45,805 shares of the pipeline company’s stock valued at $1,520,000 after buying an additional 1,100 shares during the last quarter. Tectonic Advisors LLC raised its holdings in Mplx by 13.6% during the 1st quarter. Tectonic Advisors LLC now owns 45,325 shares of the pipeline company’s stock valued at $1,504,000 after buying an additional 5,430 shares during the last quarter. Camden Capital LLC raised its holdings in Mplx by 23.5% during the 1st quarter. Camden Capital LLC now owns 70,160 shares of the pipeline company’s stock valued at $2,328,000 after buying an additional 13,330 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in Mplx by 3.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 57,370 shares of the pipeline company’s stock valued at $1,904,000 after purchasing an additional 1,700 shares during the period. 24.73% of the stock is currently owned by institutional investors.
MPLX has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Mplx from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 26th. US Capital Advisors downgraded shares of Mplx from an “overweight” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, UBS Group reduced their price objective on shares of Mplx from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, July 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Mplx has a consensus rating of “Moderate Buy” and an average price target of $38.14.
NYSE:MPLX opened at $32.64 on Friday. The firm’s 50-day moving average price is $30.43 and its 200-day moving average price is $31.93. The company has a market capitalization of $33.04 billion, a PE ratio of 10.43 and a beta of 1.55. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.74 and a quick ratio of 0.68. Mplx Lp has a 1-year low of $27.20 and a 1-year high of $35.49.
Mplx (NYSE:MPLX – Get Rating) last released its earnings results on Tuesday, August 2nd. The pipeline company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.59 billion. Mplx had a net margin of 30.73% and a return on equity of 28.66%. The company’s revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. On average, equities analysts predict that Mplx Lp will post 3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were paid a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date was Thursday, August 4th. Mplx’s payout ratio is 90.10%.
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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.
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