TT Capital Management LLC Has $1.43 Million Stake in Mplx Lp $MPLX

by · The Cerbat Gem

TT Capital Management LLC increased its position in Mplx Lp (NYSE:MPLX – Free Report) by 540.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,147 shares of the pipeline company’s stock after purchasing an additional 23,750 shares during the period. TT Capital Management LLC’s holdings in Mplx were worth $1,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Keudell Morrison Wealth Management bought a new stake in shares of Mplx in the 2nd quarter worth $335,000. Walnut Private Equity Partners LLC boosted its holdings in Mplx by 14.8% during the second quarter. Walnut Private Equity Partners LLC now owns 242,300 shares of the pipeline company’s stock worth $12,481,000 after purchasing an additional 31,300 shares during the last quarter. Hilltop National Bank bought a new stake in Mplx in the 2nd quarter worth about $330,000. Jump Financial LLC increased its stake in Mplx by 349.2% in the 1st quarter. Jump Financial LLC now owns 118,600 shares of the pipeline company’s stock valued at $6,347,000 after buying an additional 92,196 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Mplx during the 2nd quarter worth approximately $776,894,000. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Up 0.4%

MPLX stock opened at $54.74 on Friday. The stock has a fifty day moving average of $51.89 and a 200-day moving average of $51.22. Mplx Lp has a fifty-two week low of $44.60 and a fifty-two week high of $56.26. The company has a market capitalization of $55.68 billion, a price-to-earnings ratio of 11.60 and a beta of 0.56. 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 (NYSE:MPLX – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The pipeline company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.07 by $0.45. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.16 billion. Mplx had a net margin of 37.61% and a return on equity of 34.14%. As a group, equities research analysts predict that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a $1.0765 dividend. This is a boost from Mplx’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Friday, November 7th. This represents a $4.31 annualized dividend and a yield of 7.9%. Mplx’s payout ratio is 91.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MPLX shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Mplx in a report on Monday, December 1st. Weiss Ratings restated a “buy (a-)” rating on shares of Mplx in a research note on Monday, December 8th. Barclays lifted their target price on Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Wells Fargo & Company reduced their price target on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday, September 23rd. Finally, Morgan Stanley lifted their price objective on shares of Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Mplx presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Get Our Latest Report on MPLX

Mplx Company Profile

(Free Report)

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.

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