D.A. Davidson & CO. Has $678,000 Stock Holdings in Mplx Lp (NYSE:MPLX)

D.A. Davidson & CO. lifted its holdings in Mplx Lp (NYSE:MPLXFree Report) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,061 shares of the pipeline company’s stock after purchasing an additional 415 shares during the period. D.A. Davidson & CO.’s holdings in Mplx were worth $678,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MPLX. Independent Advisor Alliance increased its stake in Mplx by 405.7% during the third quarter. Independent Advisor Alliance now owns 47,395 shares of the pipeline company’s stock valued at $1,686,000 after acquiring an additional 38,022 shares during the period. Hennessy Advisors Inc. increased its stake in Mplx by 10.9% during the third quarter. Hennessy Advisors Inc. now owns 142,949 shares of the pipeline company’s stock valued at $5,085,000 after acquiring an additional 14,000 shares during the period. Miller Howard Investments Inc. NY increased its stake in Mplx by 6.6% during the third quarter. Miller Howard Investments Inc. NY now owns 2,297,619 shares of the pipeline company’s stock valued at $81,726,000 after acquiring an additional 142,578 shares during the period. Jennison Associates LLC increased its stake in Mplx by 1.9% during the third quarter. Jennison Associates LLC now owns 1,451,092 shares of the pipeline company’s stock valued at $51,615,000 after acquiring an additional 27,220 shares during the period. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new position in Mplx during the third quarter valued at about $956,000. 22.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on MPLX shares. Royal Bank of Canada boosted their price target on Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Raymond James lifted their price objective on Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $42.00.

Get Our Latest Analysis on Mplx

Mplx Stock Up 1.0 %

NYSE:MPLX opened at $38.09 on Tuesday. The stock’s fifty day moving average price is $37.00 and its two-hundred day moving average price is $35.97. Mplx Lp has a 52-week low of $33.03 and a 52-week high of $39.22. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.85 and a current ratio of 1.96. The company has a market cap of $38.14 billion, a price-to-earnings ratio of 10.00 and a beta of 1.35.

Mplx (NYSE:MPLXGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.15. Mplx had a return on equity of 32.15% and a net margin of 34.82%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts anticipate that Mplx Lp will post 3.91 EPS for the current year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend is Friday, February 2nd. Mplx’s payout ratio is 89.24%.

Mplx Company Profile

(Free Report)

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, exchange, 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 sale of residue gas and condensate.

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Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

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