Mplx Lp $MPLX Holdings Trimmed by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP decreased its position in Mplx Lp (NYSE:MPLX) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,233,767 shares of the pipeline company’s stock after selling 385,337 shares during the period. Mplx accounts for 7.9% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 5th biggest holding. Kayne Anderson Capital Advisors LP owned 0.71% of Mplx worth $361,327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Alps Advisors Inc. grew its holdings in shares of Mplx by 1.2% in the third quarter. Alps Advisors Inc. now owns 26,409,654 shares of the pipeline company’s stock valued at $1,319,162,000 after acquiring an additional 325,451 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Mplx by 8.3% in the 2nd quarter. Bank of America Corp DE now owns 9,873,619 shares of the pipeline company’s stock worth $508,590,000 after buying an additional 757,569 shares during the last quarter. Chickasaw Capital Management LLC grew its position in Mplx by 2.2% during the third quarter. Chickasaw Capital Management LLC now owns 5,611,824 shares of the pipeline company’s stock valued at $280,311,000 after buying an additional 120,216 shares during the period. Energy Income Partners LLC increased its holdings in Mplx by 4.5% during the second quarter. Energy Income Partners LLC now owns 5,541,795 shares of the pipeline company’s stock worth $285,458,000 after buying an additional 236,932 shares during the last quarter. Finally, Miller Howard Investments Inc. NY increased its holdings in Mplx by 0.8% during the third quarter. Miller Howard Investments Inc. NY now owns 2,258,674 shares of the pipeline company’s stock worth $112,821,000 after buying an additional 18,538 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MPLX shares. Barclays raised their price target on shares of Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $57.00 target price on shares of Mplx in a research report on Monday, December 1st. Citigroup upped their price target on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Zacks Research upgraded Mplx from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their price objective on Mplx from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.29.

Mplx Price Performance

Shares of NYSE MPLX opened at $58.87 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 1.31. Mplx Lp has a fifty-two week low of $44.60 and a fifty-two week high of $59.25. The stock has a market cap of $59.88 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 5.28 and a beta of 0.57. The stock has a fifty day moving average of $55.15 and a 200-day moving average of $52.65.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.10 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.23 billion. Mplx had a return on equity of 34.56% and a net margin of 37.79%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. Equities research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a dividend of $1.0765 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.31 annualized dividend and a yield of 7.3%. Mplx’s payout ratio is currently 89.42%.

About Mplx

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.