Mplx Lp (NYSE:MPLX) Position Boosted by XTX Topco Ltd

XTX Topco Ltd boosted its position in Mplx Lp (NYSE:MPLX) by 140.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,711 shares of the pipeline company’s stock after buying an additional 22,001 shares during the quarter. XTX Topco Ltd’s holdings in Mplx were worth $1,606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC bought a new position in Mplx during the first quarter worth $35,000. Crewe Advisors LLC bought a new position in Mplx in the 1st quarter worth about $41,000. Pacifica Partners Inc. bought a new stake in Mplx during the 1st quarter valued at $41,000. Register Financial Advisors LLC bought a new position in shares of Mplx in the first quarter worth $42,000. Finally, CWM LLC increased its holdings 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 purchasing an additional 451 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MPLX. Barclays reduced their price objective on shares of Mplx from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Monday. Wells Fargo & Company upped their price target on shares of 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 reiterated an “outperform” rating and set a $47.00 price objective on shares of Mplx in a research note on Wednesday, August 28th. UBS Group boosted their target price on Mplx from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 11th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mplx presently has an average rating of “Buy” and a consensus target price of $46.56.

Mplx Stock Performance

Shares of MPLX opened at $44.14 on Friday. 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 firm’s 50 day moving average is $42.53 and its 200-day moving average is $41.63. Mplx Lp has a 12-month low of $34.52 and a 12-month high of $44.59. The stock has a market capitalization of $44.85 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.19 and a beta of 1.37.

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

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend was Friday, August 9th. Mplx’s dividend payout ratio (DPR) is presently 87.63%.

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.