Boston Partners raised its position in MPLX (NYSE:MPLX) by 24.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,296 shares of the pipeline company’s stock after purchasing an additional 27,292 shares during the period. Boston Partners’ holdings in MPLX were worth $4,536,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. SWS Partners acquired a new position in shares of MPLX during the 4th quarter valued at about $149,000. Captrust Financial Advisors acquired a new position in shares of MPLX during the 4th quarter valued at about $179,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of MPLX during the 4th quarter valued at about $195,000. American Century Companies Inc. acquired a new position in shares of MPLX during the 4th quarter valued at about $204,000. Finally, Quadrant Private Wealth Management LLC acquired a new position in shares of MPLX during the 4th quarter valued at about $227,000. Institutional investors own 32.22% of the company’s stock.
MPLX opened at $35.81 on Friday. The company has a market cap of $27.78 billion, a P/E ratio of 33.78, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. MPLX has a 1 year low of $34.79 and a 1 year high of $35.13. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.76.
MPLX (NYSE:MPLX) last posted its earnings results on Monday, April 30th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.19. MPLX had a net margin of 21.88% and a return on equity of 10.43%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $0.19 EPS. The company’s revenue was up 60.3% on a year-over-year basis. analysts expect that MPLX will post 2.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th were given a $0.6175 dividend. This is an increase from MPLX’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, May 4th. This represents a $2.47 annualized dividend and a yield of 6.90%. MPLX’s dividend payout ratio (DPR) is 233.02%.
MPLX has been the subject of a number of research analyst reports. 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, March 28th. ValuEngine downgraded shares of MPLX from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Deutsche Bank started coverage on shares of MPLX in a research report on Thursday, April 19th. They set a “buy” rating and a $40.00 target price for the company. Citigroup reissued a “buy” rating and set a $46.00 target price on shares of MPLX in a research report on Friday, February 2nd. Finally, Guggenheim raised shares of MPLX from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, April 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $41.00.
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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