Mplx Lp (NYSE:MPLX) Shares Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lifted its position in shares of Mplx Lp (NYSE:MPLX) by 8.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 20,430 shares of the pipeline company’s stock after buying an additional 1,517 shares during the period. Strategic Financial Concepts LLC’s holdings in Mplx were worth $978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MPLX. PFG Investments LLC raised its stake in shares of Mplx by 38.5% during the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock worth $1,843,000 after buying an additional 10,705 shares during the last quarter. Walnut Private Equity Partners LLC raised its position in Mplx by 479.6% during the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock worth $7,351,000 after acquiring an additional 127,100 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Mplx by 387.5% in the third quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock valued at $1,047,000 after purchasing an additional 18,714 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Mplx by 7.2% in the third quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock valued at $6,647,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in shares of Mplx by 7.4% in the third quarter. Catalyst Capital Advisors LLC now owns 280,885 shares of the pipeline company’s stock valued at $12,488,000 after purchasing an additional 19,320 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MPLX has been the subject of several research reports. Truist Financial lifted their price objective on Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. UBS Group boosted their price target on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. Barclays boosted their target price on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company upped their target price on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.11.

Mplx Trading Up 1.5 %

NYSE MPLX opened at $54.63 on Wednesday. The company has a market cap of $55.66 billion, a P/E ratio of 12.98, a P/E/G ratio of 2.38 and a beta of 1.42. Mplx Lp has a 12 month low of $38.44 and a 12 month high of $54.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The company has a 50-day moving average of $50.10 and a 200-day moving average of $46.59.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. Mplx’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. As a group, equities analysts predict that Mplx Lp will post 4.39 earnings per share for the current year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s payout ratio is currently 90.74%.

Mplx Company Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.