MPLX LP (NYSE:MPLX) is expected to pay $0.52 on Nov 14, 2016. The indicated annual dividend is $2.06. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on MPLX LP’s current price of $34.02, the dividend is 1.51%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 25, 2016. The stock increased 1.52% or $0.51 on October 31, hitting $34.02. MPLX LP (NYSE:MPLX) has risen 22.55% since March 30, 2016 and is uptrending. It has outperformed by 19.54% the S&P500.
MPLX LP is a United States-based diversified master limited partnership company, which owns, operates, develops and acquires midstream energy infrastructure assets. The company has a market cap of $11.99 billion. The Firm is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. It currently has negative earnings. The Company’s divisions are Logistics and Storage (L&S) and Gathering and Processing (G&P).
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.06, from 0.98 in 2016Q1. The ratio increased, as 29 funds sold all MPLX LP shares owned while 75 reduced positions. 24 funds bought stakes while 84 increased positions. They now own 193.88 million shares or 5.29% less from 204.71 million shares in 2016Q1.
Starr accumulated 152,600 shares or 0.53% of the stock. Credit Suisse Ag holds 370,979 shares or 0.01% of its portfolio. Sumitomo Mitsui Holdings accumulated 57,240 shares or 0% of the stock. Wellington Grp Llp, a Massachusetts-based fund reported 34,148 shares. Avalon Advsrs Ltd Liability Corporation accumulated 20,140 shares or 0.03% of the stock. The United Kingdom-based Hsbc Holding Public Ltd Com has invested 0.07% in MPLX LP (NYSE:MPLX). Moreover, Payden Rygel has 0.01% invested in MPLX LP (NYSE:MPLX) for 1,308 shares. Private Harbour Investment Management & Counsel last reported 26,115 shares in the company. Jpmorgan Chase & accumulated 0.04% or 4.54 million shares. Creative Planning has 21,203 shares for 0.01% of their US portfolio. Brown Brothers Harriman holds 4,469 shares or 0% of its portfolio. Smithfield Trust accumulated 0% or 436 shares. Bank & Trust Of America Corp De holds 0.01% of its portfolio in MPLX LP (NYSE:MPLX) for 1.89M shares. Exane Derivatives has 0% invested in the company for 1 shares. Raymond James Financial Ser Advisors has 137,495 shares for 0.04% of their US portfolio.
Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 5 insider sales for $2.44 million net activity. SEMPLE FRANK M sold $1.53M worth of stock. Bromley C Corwin sold $160,120 worth of stock. Shares for $492,200 were sold by Buese Nancy.
MPLX LP (NYSE:MPLX) Ratings Coverage
Out of 15 analysts covering MPLX LP (NYSE:MPLX), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. MPLX LP has been the topic of 29 analyst reports since October 20, 2015 according to StockzIntelligence Inc. The stock of MPLX LP (NYSE:MPLX) earned “Neutral” rating by Mizuho on Friday, October 28. Stifel Nicolaus initiated the stock with “Hold” rating in Tuesday, February 23 report. Mizuho initiated the stock with “Neutral” rating in Friday, September 30 report. The company was initiated on Thursday, April 21 by Raymond James. The firm earned “Neutral” rating on Tuesday, December 22 by Credit Suisse. As per Monday, May 2, the company rating was initiated by RBC Capital Markets. As per Tuesday, May 3, the company rating was maintained by Ladenburg Thalmann. Howard Weil maintained MPLX LP (NYSE:MPLX) on Thursday, February 4 with “Sector Outperform” rating. The stock of MPLX LP (NYSE:MPLX) has “Buy” rating given on Tuesday, March 15 by Deutsche Bank. The firm has “Strong Buy” rating by Raymond James given on Monday, October 31.
MPLX Company Profile
MPLX LP, incorporated on March 27, 2012, is a diversified master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Firm is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. The Company’s divisions are Logistics and Storage (L&S) and Gathering and Processing (G&P). It assets include infrastructure to support MPC, including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Firm owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities (tank farms) with approximately 4,530 thousand barrels (mbbls) of available storage capacity. It has multiple transportation and storage services agreements with MPC. The Firm also has long-term relationships with a set of producer clients in natural gas resource plays, including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale, Granite Wash formation and the Permian Basin.
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