6,756 Shares in Mplx Lp $MPLX Bought by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. acquired a new position in shares of Mplx Lp (NYSE:MPLX) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 6,756 shares of the pipeline company’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also modified their holdings of MPLX. Private Wealth Asset Management LLC bought a new stake in shares of Mplx during the 2nd quarter worth $26,000. EQ Wealth Advisors LLC bought a new stake in shares of Mplx during the 2nd quarter worth $31,000. Blue Trust Inc. lifted its position in shares of Mplx by 509.0% during the 2nd quarter. Blue Trust Inc. now owns 609 shares of the pipeline company’s stock worth $31,000 after buying an additional 509 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Mplx during the 2nd quarter worth $39,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Mplx during the 1st quarter worth $44,000. 24.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research downgraded Mplx from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Wall Street Zen cut Mplx from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings cut Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 8th. Morgan Stanley upped their target price on Mplx from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Finally, Stifel Nicolaus upped their target price on Mplx from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

Mplx Trading Up 0.7%

Shares of MPLX stock opened at $51.20 on Wednesday. The stock has a market cap of $52.18 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.56 and a beta of 0.71. The stock has a 50-day moving average of $50.18 and a 200-day moving average of $50.69. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40. Mplx Lp has a 1-year low of $44.60 and a 1-year high of $54.87.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, November 4th. The pipeline company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.45. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Mplx had a return on equity of 30.95% and a net margin of 35.44%. On average, equities research analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 7th will be paid a $1.0765 dividend. The ex-dividend date of this dividend is Friday, November 7th. This is a positive change from Mplx’s previous quarterly dividend of $0.96. This represents a $4.31 annualized dividend and a dividend yield of 8.4%. Mplx’s payout ratio is currently 102.14%.

About Mplx

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.