Americana Partners LLC Has $20.39 Million Stake in Mplx Lp (NYSE:MPLX)

Americana Partners LLC increased its holdings in Mplx Lp (NYSE:MPLX - Free Report) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 458,500 shares of the pipeline company's stock after acquiring an additional 38,459 shares during the quarter. Mplx makes up 1.4% of Americana Partners LLC's portfolio, making the stock its 15th biggest position. Americana Partners LLC's holdings in Mplx were worth $20,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPLX. Gladstone Institutional Advisory LLC acquired a new position in shares of Mplx in the 3rd quarter valued at approximately $210,000. Pathway Financial Advisers LLC increased its stake in shares of Mplx by 14.5% in the third quarter. Pathway Financial Advisers LLC now owns 26,052 shares of the pipeline company's stock worth $1,158,000 after buying an additional 3,294 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in Mplx by 19.2% in the third quarter. Adell Harriman & Carpenter Inc. now owns 59,255 shares of the pipeline company's stock valued at $2,634,000 after acquiring an additional 9,545 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in Mplx by 3.8% during the 3rd quarter. Childress Capital Advisors LLC now owns 63,557 shares of the pipeline company's stock valued at $2,826,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in Mplx by 3.9% during the 3rd quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company's stock worth $396,000 after acquiring an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays lifted their price target on Mplx from $45.00 to $49.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. StockNews.com upgraded Mplx from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Royal Bank of Canada boosted their price target on Mplx from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. UBS Group raised their price objective on Mplx from $49.00 to $51.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Finally, Bank of America initiated coverage on shares of Mplx in a research note on Thursday, October 17th. They set an "underperform" rating and a $43.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $47.67.

Mplx Price Performance

Shares of MPLX stock traded down $0.22 during midday trading on Friday, reaching $44.20. 1,292,096 shares of the company were exchanged, compared to its average volume of 1,814,060. The company's 50 day moving average price is $43.80 and its two-hundred day moving average price is $42.34. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market cap of $45.11 billion, a P/E ratio of 10.78, a PEG ratio of 1.21 and a beta of 1.37. Mplx Lp has a 12 month low of $35.06 and a 12 month high of $45.24.

Mplx (NYSE:MPLX - Get Free Report) last posted 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. Mplx had a return on equity of 32.68% and a net margin of 35.95%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company's quarterly revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts expect that Mplx Lp will post 4.3 earnings per share for the current year.

Mplx Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be given a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Mplx's previous quarterly dividend of $0.85. Mplx's dividend payout ratio is 82.52%.

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.