Doliver Advisors LP Reduces Stock Holdings in Mplx Lp (NYSE:MPLX)

Doliver Advisors LP lowered its position in Mplx Lp (NYSE:MPLX) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,123 shares of the pipeline company’s stock after selling 2,150 shares during the quarter. Mplx accounts for approximately 0.6% of Doliver Advisors LP’s holdings, making the stock its 27th biggest holding. Doliver Advisors LP’s holdings in Mplx were worth $2,006,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MPLX. Quent Capital LLC acquired a new stake in shares of Mplx during the first quarter valued at $35,000. Crewe Advisors LLC acquired a new stake in shares of Mplx during the first quarter valued at $41,000. Pacifica Partners Inc. acquired a new stake in shares of Mplx during the first quarter valued at $41,000. Register Financial Advisors LLC acquired a new stake in shares of Mplx during the first quarter valued at $42,000. Finally, CWM LLC boosted its stake in shares of Mplx by 73.3% during the second quarter. CWM LLC now owns 1,066 shares of the pipeline company’s stock valued at $45,000 after acquiring an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays decreased their price objective on Mplx from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. UBS Group increased their price objective on Mplx from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Wells Fargo & Company raised their price target on Mplx from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 price target on shares of Mplx in a research note on Wednesday, August 28th. Finally, StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $46.56.

Mplx Stock Performance

Mplx stock opened at $44.72 on Thursday. The stock’s 50-day moving average is $42.88 and its 200-day moving average is $41.91. The company has a market cap of $45.44 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.37. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.99 and a quick ratio of 0.95. Mplx Lp has a 12 month low of $34.52 and a 12 month high of $45.24.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.17. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.96 billion. Mplx had a return on equity of 32.68% and a net margin of 35.95%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. Equities analysts anticipate that Mplx Lp will post 4.24 earnings per share for the current year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were issued a $0.85 dividend. The ex-dividend date was Friday, August 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.60%. Mplx’s dividend payout ratio (DPR) is 87.63%.

About Mplx

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.