Pathway Financial Advisers LLC Has $1.16 Million Stock Position in Mplx Lp (NYSE:MPLX)

Pathway Financial Advisers LLC grew its stake in shares of Mplx Lp (NYSE:MPLX) by 14.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,052 shares of the pipeline company’s stock after purchasing an additional 3,294 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Mplx were worth $1,158,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Mplx during the 1st quarter worth approximately $35,000. Crewe Advisors LLC acquired a new position in shares of Mplx during the 1st quarter worth approximately $41,000. CWM LLC increased its holdings in shares of Mplx by 73.3% during the 2nd quarter. CWM LLC now owns 1,066 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 451 shares during the last quarter. Summit Securities Group LLC increased its holdings in shares of Mplx by 450.0% during the 2nd quarter. Summit Securities Group LLC now owns 1,100 shares of the pipeline company’s stock worth $47,000 after acquiring an additional 900 shares during the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of Mplx during the 2nd quarter worth approximately $67,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Performance

NYSE:MPLX opened at $44.37 on Thursday. The stock has a fifty day moving average price of $43.76 and a 200-day moving average price of $42.32. The company has a market cap of $45.09 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.21 and a beta of 1.37. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 0.99. Mplx Lp has a fifty-two week low of $35.06 and a fifty-two week high of $45.24.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, August 6th. The pipeline company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.17. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.96 billion. Mplx had a return on equity of 32.68% and a net margin of 35.95%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. As a group, equities analysts anticipate that Mplx Lp will post 4.3 EPS for the current fiscal year.

Mplx Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be given a dividend of $0.9565 per share. This is an increase from Mplx’s previous quarterly dividend of $0.85. This represents a $3.83 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Friday, November 8th. Mplx’s dividend payout ratio is currently 87.63%.

Analyst Ratings Changes

MPLX has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Mplx from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. UBS Group boosted their target price on Mplx from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Bank of America assumed coverage on Mplx in a research note on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price target for the company. Finally, Barclays boosted their price target on Mplx from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.67.

About Mplx

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.