On October 2, 2023, Ulland Investment Advisors LLC revealed that it had acquired a new position in shares of Mplx Lp (NYSE:MPLX) during the second quarter. According to the company’s most recent filing with the Securities & Exchange Commission, Ulland Investment Advisors LLC purchased 4,000 shares of the pipeline company’s stock, which were valued at approximately $136,000.
This news highlights Ulland Investment Advisors LLC’s interest in expanding its portfolio within the energy sector. The addition of MPLX stock demonstrates their strategic investment approach and confidence in the long-term prospects of the company.
In addition to this development, Mplx Lp recently announced a quarterly dividend payment. The dividend was paid on Monday, August 14th to investors who were recorded as shareholders on Friday, August 4th. Each shareholder received a dividend of $0.775 per share. It is important to note that the ex-dividend date for this dividend was Thursday, August 3rd.
With an annualized dividend of $3.10 per share and a yield of 8.72%, Mplx Lp presents an attractive opportunity for investors seeking consistent returns from their investments. This substantial payout ratio of 78.28% indicates that Mplx prioritizes giving back to its shareholders by distributing a significant portion of its earnings.
Mplx Lp operates in the pipeline industry and is known for its expertise in transporting and storing various energy products. The company plays a crucial role in supporting America’s energy infrastructure and facilitating the efficient delivery of resources across the nation.
Investors are likely drawn to Mplx Lp due to its strong financial performance and stable position within the industry. With companies increasingly relying on pipelines for cost-effective transportation solutions, Mplx Lp stands to benefit from this growing demand for energy infrastructure.
Overall, Ulland Investment Advisors LLC’s acquisition of shares in Mplx Lp reaffirms the attractiveness of the company within the investment community. As energy needs continue to rise, Mplx Lp’s presence in this crucial sector positions it for potential growth and continued success.
Updated on: 03/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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US Capital Advisors
Institutional Investors Show Diverse Interest in MPLX as Confidence Remains High
Institutional investors continue to show interest and confidence in MPLX, a pipeline company, as they increase their stakes or decrease them. Moneta Group Investment Advisors LLC saw a staggering increase of 104,751.1% in its position in MPLX during the fourth quarter. The company now owns an impressive 69,772,138 shares of MPLX’s stock valued at $2.29 billion after acquiring an additional 69,705,594 shares.
Alps Advisors Inc., on the other hand, raised its position in MPLX by a modest 1.9% during the same period. The company now holds 20,674,484 shares valued at $678.95 million after purchasing an additional 394,336 shares.
Tortoise Capital Advisors L.L.C., known for its focus on energy investments, also increased its stake in MPLX by 6.5% during the first quarter. With this move, Tortoise Capital Advisors L.L.C now owns 12,474,181 shares of MPLX’s stock worth $429.74 million after acquiring an additional 756,787 shares.
UBS Group AG and Clearbridge Investments LLC both raised their positions in MPLX by 6.5% during the first quarter as well. UBS Group AG now possesses 5,632,774 shares worth $194.05 million after adding an additional 344,768 shares to its holdings. Clearbridge Investments LLC holds onto 5,266,977 shares worth $174.76 million after acquiring an extra 319,502 shares.
It is important to note that hedge funds and other institutional investors now own approximately 22.43% of MPLX’s stock.
Research analyst reports have also taken notice of MPLX’s performance lately. StockNews.com recently initiated coverage on the company stating a “buy” rating for its stock on August 17th. Morgan Stanley has reiterated an “equal weight” rating and set a price objective of $42.00 for MPLX’s shares. Raymond James, on the other hand, raised their price target from $42.00 to $44.00 and rated the company as “outperform.” Stifel Nicolaus gave MPLX a “buy” rating with a price objective of $42.00.
With two hold ratings and seven buy ratings, Bloomberg reports that MPLX currently has an average rating of “Moderate Buy” among analysts. The average target price is estimated to be $39.75.
On Friday, MPLX opened at $35.57, with a 12-month low of $29.55 and a 12-month high of $35.85. The company holds a market capitalization of $35.61 billion, with a price-to-earnings ratio of 8.98 and a beta of 1.41. Its debt-to-equity ratio stands at 1.67, while its current ratio and quick ratio are 1.76 and 1.65 respectively.
Looking back at its earnings report released on August 1st, MPLX performed favorably in terms of EPS (earnings per share). The pipeline company reported an EPS of $0.91 for the quarter, surpassing the consensus estimate by $0.05 with solid numbers to back it up.
MPLX boasted a return on equity (ROE) of 30.78% coupled with an impressive net margin of 35.93%. Although its revenue was slightly down by 8.5% compared to the same period last year at $2.69 billion, it still exceeded analysts’ expectations which had predicted revenue to be around $2.66 billion.
Sell-side analysts forecast that Mplx Lp will post earnings per share (EPS) of approximately 3.65 for the current fiscal year.
In conclusion, institutional investors have shown varying degrees of interest in MPLX, with some greatly increasing their positions and others making smaller adjustments. Research analyst reports seem to echo this sentiment, providing a range of ratings on the company’s stock. As MPLX continues to focus on its pipeline operations and deliver solid financial results, investors and analysts alike will be closely watching its future performance.