Mplx Lp (NYSE:MPLX) Position Lowered by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC decreased its stake in shares of Mplx Lp (NYSE:MPLX) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,963 shares of the pipeline company’s stock after selling 300 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Mplx were worth $1,798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPLX. CWM LLC raised its stake in Mplx by 2,341.9% during the third quarter. CWM LLC now owns 14,993 shares of the pipeline company’s stock worth $533,000 after acquiring an additional 14,379 shares during the period. IFP Advisors Inc raised its stake in Mplx by 7.1% during the third quarter. IFP Advisors Inc now owns 5,669 shares of the pipeline company’s stock worth $202,000 after acquiring an additional 376 shares during the period. Strategic Blueprint LLC acquired a new stake in shares of Mplx in the third quarter valued at approximately $221,000. Hennessy Advisors Inc. increased its stake in shares of Mplx by 10.9% in the third quarter. Hennessy Advisors Inc. now owns 142,949 shares of the pipeline company’s stock valued at $5,085,000 after purchasing an additional 14,000 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of Mplx by 58.0% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 378,856 shares of the pipeline company’s stock valued at $13,476,000 after purchasing an additional 139,121 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Price Performance

NYSE:MPLX traded up $0.10 during trading hours on Thursday, reaching $41.88. 1,290,642 shares of the company’s stock were exchanged, compared to its average volume of 2,185,983. The company has a market capitalization of $42.32 billion, a P/E ratio of 10.96 and a beta of 1.35. Mplx Lp has a 12 month low of $33.12 and a 12 month high of $42.89. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. The business’s 50-day simple moving average is $40.48 and its two-hundred day simple moving average is $37.92.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Sell-side analysts expect that Mplx Lp will post 4.11 EPS for the current fiscal year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date of this dividend is Thursday, May 2nd. Mplx’s dividend payout ratio is 89.24%.

Analyst Ratings Changes

Several equities research analysts have commented on MPLX shares. StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. UBS Group raised their price objective on shares of Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada raised their price objective on shares of Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Barclays raised their price objective on shares of Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, Raymond James raised their price objective on shares of Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mplx currently has an average rating of “Buy” and an average price target of $43.86.

Mplx 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.