Parametric Portfolio Associates LLC Grows Position in Mplx Lp (NYSE:MPLX)

Parametric Portfolio Associates LLC grew its holdings in shares of Mplx Lp (NYSE:MPLX) by 40.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,349,983 shares of the pipeline company’s stock after purchasing an additional 387,355 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.13% of Mplx worth $37,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in shares of Mplx by 73.9% in the third quarter. CWM LLC now owns 948 shares of the pipeline company’s stock worth $27,000 after buying an additional 403 shares in the last quarter. Berman Capital Advisors LLC boosted its holdings in Mplx by 146.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 975 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 579 shares during the period. Icon Wealth Partners LLC boosted its holdings in Mplx by 2.3% in the 2nd quarter. Icon Wealth Partners LLC now owns 26,048 shares of the pipeline company’s stock valued at $838,000 after purchasing an additional 597 shares during the period. Keybank National Association OH grew its position in shares of Mplx by 3.4% during the 2nd quarter. Keybank National Association OH now owns 18,426 shares of the pipeline company’s stock valued at $593,000 after purchasing an additional 604 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. grew its position in shares of Mplx by 10.1% during the 2nd quarter. Northern Oak Wealth Management Inc. now owns 7,600 shares of the pipeline company’s stock valued at $245,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 31.70% of the company’s stock.

NYSE MPLX opened at $23.50 on Tuesday. Mplx Lp has a 52-week low of $22.60 and a 52-week high of $35.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.60 and a current ratio of 0.65. The company has a market capitalization of $24.80 billion, a P/E ratio of 10.26 and a beta of 1.03. The company has a fifty day moving average of $25.19 and a 200-day moving average of $28.68.

Mplx (NYSE:MPLX) last released its earnings results on Thursday, October 31st. The pipeline company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. Mplx had a return on equity of 21.25% and a net margin of 28.17%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The firm’s revenue was up 33.2% on a year-over-year basis. As a group, analysts forecast that Mplx Lp will post 2.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a dividend of $0.6775 per share. The ex-dividend date was Friday, November 1st. This represents a $2.71 annualized dividend and a yield of 11.53%. This is a positive change from Mplx’s previous quarterly dividend of $0.44. Mplx’s payout ratio is 118.34%.

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Mplx in a research report on Tuesday, September 3rd. Citigroup reduced their target price on Mplx from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, September 16th. TheStreet lowered Mplx from a “b-” rating to a “c+” rating in a research note on Thursday, October 24th. Raymond James decreased their target price on Mplx from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $33.00 price target on shares of Mplx in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $35.17.

About Mplx

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.

Further Reading: NASDAQ

Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

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