Janney Montgomery Scott LLC Has $3.01 Million Stock Position in Mplx Lp (NYSE:MPLX)

Janney Montgomery Scott LLC lifted its holdings in shares of Mplx Lp (NYSE:MPLX) by 8.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,264 shares of the pipeline company’s stock after purchasing an additional 4,169 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Mplx were worth $3,011,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MPLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Mplx by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company’s stock worth $330,448,000 after purchasing an additional 266,998 shares during the last quarter. Bramshill Investments LLC boosted its holdings in Mplx by 71.4% during the 4th quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company’s stock worth $1,442,000 after acquiring an additional 12,556 shares during the last quarter. Larson Financial Group LLC increased its stake in Mplx by 9,134.1% in the 4th quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company’s stock valued at $557,000 after buying an additional 11,509 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Mplx by 221.9% in the 4th quarter. Neuberger Berman Group LLC now owns 643,995 shares of the pipeline company’s stock worth $30,822,000 after buying an additional 443,910 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of Mplx by 47.5% during the 4th quarter. Blair William & Co. IL now owns 18,520 shares of the pipeline company’s stock valued at $886,000 after acquiring an additional 5,965 shares during the period. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of MPLX opened at $51.86 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. Mplx Lp has a 12 month low of $39.95 and a 12 month high of $54.87. The company has a market cap of $52.94 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.60 and a beta of 0.74. The business’s fifty day simple moving average is $51.02 and its two-hundred day simple moving average is $51.03.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. Mplx had a net margin of 36.34% and a return on equity of 32.08%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend was Friday, May 9th. Mplx’s dividend payout ratio is currently 88.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MPLX. Morgan Stanley raised their price target on Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Barclays reduced their price target on Mplx from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. Wall Street Zen cut Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Finally, Royal Bank Of Canada raised their target price on Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Mplx presently has a consensus rating of “Moderate Buy” and an average price target of $55.50.

Mplx Company Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.