Williams Jones & Associates LLC grew its holdings in Mplx Lp (NYSE:MPLX) by 0.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,583 shares of the pipeline company’s stock after buying an additional 540 shares during the period. Williams Jones & Associates LLC’s holdings in Mplx were worth $2,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Bank of America Corp DE boosted its position in Mplx by 35.0% in the 4th quarter. Bank of America Corp DE now owns 8,130,335 shares of the pipeline company’s stock valued at $246,348,000 after buying an additional 2,109,283 shares during the period. Hsbc Holdings PLC boosted its position in Mplx by 57.5% in the 4th quarter. Hsbc Holdings PLC now owns 2,010,168 shares of the pipeline company’s stock valued at $60,908,000 after buying an additional 734,100 shares during the period. Zimmer Partners LP boosted its position in Mplx by 20.2% in the 4th quarter. Zimmer Partners LP now owns 3,543,050 shares of the pipeline company’s stock valued at $107,354,000 after buying an additional 594,852 shares during the period. Wells Fargo & Company MN boosted its position in Mplx by 76.7% in the 1st quarter. Wells Fargo & Company MN now owns 1,019,525 shares of the pipeline company’s stock valued at $33,532,000 after buying an additional 442,448 shares during the period. Finally, Perella Weinberg Partners Capital Management LP boosted its position in Mplx by 130.6% in the 1st quarter. Perella Weinberg Partners Capital Management LP now owns 566,829 shares of the pipeline company’s stock valued at $18,643,000 after buying an additional 321,047 shares during the period. 30.83% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MPLX traded down $0.05 during trading hours on Wednesday, hitting $31.30. The company’s stock had a trading volume of 808,215 shares, compared to its average volume of 1,758,431. Mplx Lp has a 52 week low of $28.32 and a 52 week high of $39.01. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.85 and a current ratio of 0.93. The firm has a market cap of $24.89 billion, a P/E ratio of 13.67 and a beta of 1.19.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. Mplx had a net margin of 28.57% and a return on equity of 27.44%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that Mplx Lp will post 2.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th were issued a $0.6575 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $2.63 annualized dividend and a dividend yield of 8.40%. This is a positive change from Mplx’s previous quarterly dividend of $0.65. Mplx’s payout ratio is currently 114.85%.

MPLX has been the subject of several research reports. Wells Fargo & Co boosted their price objective on shares of Mplx from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Zacks Investment Research cut shares of Mplx from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Credit Suisse Group lowered their price objective on shares of Mplx from $44.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, March 12th. Bank of America raised shares of Mplx from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Tuesday. Finally, ValuEngine cut shares of Mplx from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Mplx currently has an average rating of “Buy” and a consensus target price of $38.80.

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Mplx Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. 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; and transportation, storage, and distribution of crude oil and refined petroleum products.

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Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

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