NBW Capital LLC Has $11.53 Million Holdings in Mplx Lp (NYSE:MPLX)

NBW Capital LLC increased its stake in shares of Mplx Lp (NYSE:MPLX) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 277,436 shares of the pipeline company’s stock after buying an additional 5,575 shares during the quarter. Mplx accounts for 2.4% of NBW Capital LLC’s investment portfolio, making the stock its 7th largest holding. NBW Capital LLC’s holdings in Mplx were worth $11,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its holdings in Mplx by 47.4% during the first quarter. Sei Investments Co. now owns 51,740 shares of the pipeline company’s stock worth $2,150,000 after buying an additional 16,637 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Mplx by 170.6% in the fourth quarter. Allianz Asset Management GmbH now owns 637,100 shares of the pipeline company’s stock worth $23,394,000 after purchasing an additional 401,700 shares during the last quarter. Pingora Partners LLC purchased a new position in Mplx in the fourth quarter worth $1,253,000. Miller Howard Investments Inc. NY boosted its position in Mplx by 2.8% in the fourth quarter. Miller Howard Investments Inc. NY now owns 2,362,999 shares of the pipeline company’s stock worth $86,769,000 after purchasing an additional 65,380 shares during the last quarter. Finally, Capital Advisors Inc. OK purchased a new position in Mplx in the fourth quarter worth $2,878,000. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Down 1.1 %

Shares of MPLX traded down $0.46 on Friday, reaching $42.12. The stock had a trading volume of 2,076,997 shares, compared to its average volume of 1,411,362. The firm has a market capitalization of $42.80 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.37. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.67 and a current ratio of 0.72. The company has a 50-day simple moving average of $41.88 and a 200-day simple moving average of $40.66. Mplx Lp has a 12-month low of $34.32 and a 12-month high of $43.42.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Mplx had a net margin of 34.96% and a return on equity of 31.70%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Sell-side analysts predict that Mplx Lp will post 4.02 EPS for the current year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date is Friday, August 9th. Mplx’s dividend payout ratio (DPR) is presently 87.63%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MPLX shares. Barclays boosted their price objective on Mplx from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. StockNews.com cut Mplx from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on Mplx from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on Mplx from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, UBS Group upped their price target on Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $45.75.

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.