Lindbrook Capital LLC Has $2.32 Million Stock Position in Mplx Lp (NYSE:MPLX)

Lindbrook Capital LLC raised its stake in Mplx Lp (NYSE:MPLX) by 27.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 52,128 shares of the pipeline company’s stock after buying an additional 11,144 shares during the quarter. Lindbrook Capital LLC’s holdings in Mplx were worth $2,318,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Norden Group LLC bought a new stake in shares of Mplx during the first quarter valued at approximately $356,000. Janney Montgomery Scott LLC lifted its holdings in Mplx by 17.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 37,198 shares of the pipeline company’s stock worth $1,546,000 after buying an additional 5,469 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Mplx by 7.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 42,539 shares of the pipeline company’s stock valued at $1,768,000 after buying an additional 2,778 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Mplx during the first quarter worth $799,000. Finally, Sei Investments Co. lifted its stake in shares of Mplx by 47.4% during the first quarter. Sei Investments Co. now owns 51,740 shares of the pipeline company’s stock valued at $2,150,000 after acquiring an additional 16,637 shares during the period. 24.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group lifted their price objective on Mplx from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Bank of America assumed coverage on shares of Mplx in a research report on Thursday, October 17th. They set an “underperform” rating and a $43.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Mplx from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on shares of Mplx from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat, Mplx currently has an average rating of “Moderate Buy” and an average target price of $48.00.

Mplx Stock Performance

MPLX stock opened at $45.98 on Friday. Mplx Lp has a 1-year low of $35.07 and a 1-year high of $47.62. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The firm has a market cap of $46.93 billion, a PE ratio of 10.84, a P/E/G ratio of 1.27 and a beta of 1.37. The business’s 50-day moving average price is $44.16 and its two-hundred day moving average price is $42.56.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.04). Mplx had a net margin of 36.77% and a return on equity of 32.70%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm earned $0.89 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Mplx Lp will post 4.31 earnings per share for the current year.

Mplx Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 8.32%. This is a positive change from Mplx’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Friday, November 8th. Mplx’s dividend payout ratio (DPR) is presently 80.19%.

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.