Curi RMB Capital LLC Raises Stock Holdings in Mplx Lp (NYSE:MPLX)

Curi RMB Capital LLC raised its stake in shares of Mplx Lp (NYSE:MPLX) by 2.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,095 shares of the pipeline company’s stock after acquiring an additional 639 shares during the period. Curi RMB Capital LLC’s holdings in Mplx were worth $1,116,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mcdonald Partners LLC raised its position in Mplx by 1.4% in the second quarter. Mcdonald Partners LLC now owns 17,180 shares of the pipeline company’s stock valued at $732,000 after purchasing an additional 239 shares during the period. Cherry Creek Investment Advisors Inc. boosted its stake in Mplx by 2.0% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 14,204 shares of the pipeline company’s stock valued at $632,000 after acquiring an additional 279 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Mplx by 10.4% in the second quarter. Sound Income Strategies LLC now owns 2,992 shares of the pipeline company’s stock valued at $127,000 after acquiring an additional 282 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Mplx by 3.9% in the third quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock valued at $396,000 after acquiring an additional 338 shares in the last quarter. Finally, Addis & Hill Inc boosted its stake in shares of Mplx by 2.7% during the third quarter. Addis & Hill Inc now owns 13,462 shares of the pipeline company’s stock worth $599,000 after buying an additional 357 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Mplx from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Bank of America initiated coverage on shares of Mplx in a research note on Thursday, October 17th. They issued an “underperform” rating and a $43.00 target price for the company. UBS Group upped their price target on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Royal Bank of Canada boosted their price objective on shares of Mplx from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.44.

Mplx Stock Up 1.4 %

Shares of NYSE MPLX opened at $47.06 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. Mplx Lp has a 52-week low of $35.31 and a 52-week high of $47.62. The firm has a 50 day moving average price of $44.43 and a 200 day moving average price of $42.68. The stock has a market cap of $48.03 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.24 and a beta of 1.37.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.04). The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.09 billion. Mplx had a return on equity of 32.70% and a net margin of 36.77%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. Analysts expect that Mplx Lp will post 4.31 EPS for the current year.

Mplx Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.9565 dividend. The ex-dividend date was Friday, November 8th. 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 8.13%. Mplx’s dividend payout ratio is 90.09%.

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.