Walnut Private Equity Partners LLC Has $12.86 Million Holdings in Mplx Lp $MPLX

Walnut Private Equity Partners LLC boosted its position in shares of Mplx Lp (NYSE:MPLX) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 257,500 shares of the pipeline company’s stock after acquiring an additional 15,200 shares during the quarter. Mplx accounts for 7.3% of Walnut Private Equity Partners LLC’s portfolio, making the stock its 4th biggest holding. Walnut Private Equity Partners LLC’s holdings in Mplx were worth $12,862,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Wealth Asset Management LLC bought a new stake in shares of Mplx during the 2nd quarter valued at about $26,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Mplx in the second quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new stake in Mplx during the second quarter valued at approximately $29,000. Operose Advisors LLC grew its position in Mplx by 216.2% during the second quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after buying an additional 400 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new stake in Mplx during the second quarter valued at approximately $31,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPLX has been the topic of several analyst reports. Zacks Research upgraded shares of Mplx from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a report on Monday. Royal Bank Of Canada lifted their target price on Mplx from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $57.00 price target on shares of Mplx in a report on Monday, December 1st. Finally, Wells Fargo & Company reduced their price target on Mplx from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.00.

Mplx Trading Up 0.9%

Shares of Mplx stock opened at $53.69 on Friday. Mplx Lp has a fifty-two week low of $44.60 and a fifty-two week high of $56.26. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 1.31. The company has a market capitalization of $54.61 billion, a P/E ratio of 11.38 and a beta of 0.56. The company has a fifty day moving average of $52.43 and a 200 day moving average of $51.32.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, November 4th. The pipeline company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.45. Mplx had a return on equity of 34.14% and a net margin of 37.61%.The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.16 billion. On average, sell-side analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a $1.0765 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $4.31 dividend on an annualized basis and a yield of 8.0%. This is a boost from Mplx’s previous quarterly dividend of $0.96. Mplx’s payout ratio is presently 91.31%.

Mplx Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.