GSA Capital Partners LLP boosted its stake in Mplx Lp (NYSE:MPLX) by 232.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,123 shares of the pipeline company’s stock after acquiring an additional 25,265 shares during the period. GSA Capital Partners LLP’s holdings in Mplx were worth $1,233,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Homrich & Berg increased its stake in shares of Mplx by 11.8% in the second quarter. Homrich & Berg now owns 13,214 shares of the pipeline company’s stock worth $451,000 after purchasing an additional 1,392 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Mplx by 3.4% in the first quarter. Stephens Inc. AR now owns 52,330 shares of the pipeline company’s stock worth $1,729,000 after purchasing an additional 1,722 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Mplx by 4.2% in the first quarter. Commonwealth Equity Services LLC now owns 46,754 shares of the pipeline company’s stock worth $1,544,000 after purchasing an additional 1,874 shares in the last quarter. Private Capital Advisors Inc. increased its stake in shares of Mplx by 1.2% in the second quarter. Private Capital Advisors Inc. now owns 160,641 shares of the pipeline company’s stock worth $5,484,000 after purchasing an additional 1,886 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Mplx by 19.1% in the first quarter. Fiera Capital Corp now owns 11,961 shares of the pipeline company’s stock worth $395,000 after purchasing an additional 1,919 shares in the last quarter. 31.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:MPLX opened at $35.68 on Wednesday. The company has a market cap of $28.16 billion, a P/E ratio of 20.15, a PEG ratio of 2.55 and a beta of 1.39. Mplx Lp has a 12 month low of $31.60 and a 12 month high of $39.38. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.61 and a quick ratio of 0.55.
Mplx (NYSE:MPLX) last issued its quarterly earnings data on Thursday, July 26th. The pipeline company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Mplx had a net margin of 24.22% and a return on equity of 14.43%. Mplx’s revenue was up 72.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. equities research analysts anticipate that Mplx Lp will post 2.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Monday, August 6th were paid a dividend of $0.627 per share. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $2.51 annualized dividend and a yield of 7.03%. This is a boost from Mplx’s previous quarterly dividend of $0.44. Mplx’s payout ratio is currently 236.79%.
Several equities analysts have recently weighed in on MPLX shares. ValuEngine upgraded shares of Mplx from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised shares of Mplx from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Wednesday, June 27th. Jefferies Financial Group raised shares of Mplx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Finally, Stifel Nicolaus boosted their price objective on shares of Mplx from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.23.
Mplx Company Profile
MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.
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