5 Best Pipeline and MLP Stocks to Buy

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In this piece, we will take a look at the five best pipeline and MLP stocks to buy. For reasons that might make you consider this segment for your investment needs and more stocks, head on over to 11 Best Pipeline and MLP Stocks to Buy.

5. MPLX LP (NYSE:MPLX)

Number of Hedge Fund Holders: 7

MPLX LP (NYSE:MPLX) is a midstream assets infrastructure and logistics provider that serves the needs of the natural gas, oil, agricultural, and chemicals industries. The firm is headquartered in Findlay, Ohio, the United States.

MPLX LP (NYSE:MPLX) has a strong balance sheet, with its net leverage ratio of 3.3 providing comfort in a tough macroeconomic environment. The firm also trades at 8.6 times its forward operating income, indicating that the market has confidence in its shares. Finally, MPLX LP (NYSE:MPLX) also pays a 70 cent dividend for a 9% yield.

Insider Monkey surveyed 895 hedge funds for their June quarter of 2022 holdings to discover that seven had bought a stake in the company.

Out of these, Henry Breck’s Heronetta Management is MPLX LP (NYSE:MPLX)’s largest investor. It owns 435,337 shares that are worth $12.6 million.

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