Savant Capital LLC Increases Stock Holdings in Mplx Lp (NYSE:MPLX)

Savant Capital LLC increased its holdings in Mplx Lp (NYSE:MPLX) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,636 shares of the pipeline company’s stock after purchasing an additional 1,052 shares during the period. Savant Capital LLC’s holdings in Mplx were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPLX. Quent Capital LLC purchased a new stake in shares of Mplx in the first quarter valued at $35,000. Pacifica Partners Inc. purchased a new stake in Mplx during the first quarter valued at about $41,000. Crewe Advisors LLC purchased a new stake in Mplx during the first quarter valued at about $41,000. Register Financial Advisors LLC purchased a new stake in Mplx during the first quarter valued at about $42,000. Finally, CWM LLC grew its position in 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 period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Price Performance

Shares of NYSE MPLX opened at $43.31 on Friday. Mplx Lp has a 1-year low of $34.52 and a 1-year high of $43.42. The business has a 50-day moving average of $42.35 and a 200-day moving average of $41.46. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market capitalization of $44.01 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.18 and a beta of 1.37.

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

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend was Friday, August 9th. Mplx’s dividend payout ratio (DPR) is 87.63%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Mplx from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Royal Bank of Canada reissued an “outperform” rating and set a $47.00 price target on shares of Mplx in a research report on Wednesday, August 28th. StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 11th. Finally, Wells Fargo & Company boosted their price target on Mplx from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $46.33.

Mplx Profile

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.