Capital Advisory Group Advisory Services LLC Invests $346,000 in Mplx Lp (NYSE:MPLX)

Capital Advisory Group Advisory Services LLC purchased a new stake in Mplx Lp (NYSE:MPLX) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 6,458 shares of the pipeline company’s stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPLX. Apollon Wealth Management LLC grew its stake in Mplx by 3.8% during the 4th quarter. Apollon Wealth Management LLC now owns 32,213 shares of the pipeline company’s stock valued at $1,542,000 after acquiring an additional 1,187 shares in the last quarter. Stephens Inc. AR grew its position in shares of Mplx by 6.5% in the fourth quarter. Stephens Inc. AR now owns 32,483 shares of the pipeline company’s stock valued at $1,555,000 after purchasing an additional 1,984 shares in the last quarter. MADDEN SECURITIES Corp acquired a new stake in shares of Mplx in the fourth quarter valued at approximately $240,000. Focus Financial Network Inc. lifted its position in Mplx by 7.8% during the fourth quarter. Focus Financial Network Inc. now owns 5,558 shares of the pipeline company’s stock worth $266,000 after buying an additional 404 shares in the last quarter. Finally, Augustine Asset Management Inc. boosted its stake in Mplx by 140.0% during the fourth quarter. Augustine Asset Management Inc. now owns 13,080 shares of the pipeline company’s stock worth $626,000 after buying an additional 7,630 shares during the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Barclays decreased their target price on shares of Mplx from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Royal Bank of Canada raised their price target on shares of Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Finally, Morgan Stanley upped their price objective on Mplx from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.50.

Mplx Stock Performance

Shares of MPLX stock opened at $50.95 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market cap of $52.01 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.69 and a beta of 0.74. The firm’s 50 day moving average price is $50.34 and its 200-day moving average price is $50.93. Mplx Lp has a one year low of $39.95 and a one year high of $54.87.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend was Friday, May 9th. Mplx’s payout ratio is 88.22%.

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.