Mplx Lp (NYSE:MPLX) Shares Purchased by IFP Advisors Inc

IFP Advisors Inc grew its stake in shares of Mplx Lp (NYSE:MPLX) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,792 shares of the pipeline company’s stock after buying an additional 1,736 shares during the period. IFP Advisors Inc’s holdings in Mplx were worth $421,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Colonial River Investments LLC grew its position in shares of Mplx by 10.3% in the fourth quarter. Colonial River Investments LLC now owns 11,403 shares of the pipeline company’s stock valued at $546,000 after purchasing an additional 1,066 shares during the period. Marshall Investment Management LLC acquired a new position in shares of Mplx during the fourth quarter worth about $468,000. Sigma Planning Corp lifted its stake in shares of Mplx by 18.0% in the fourth quarter. Sigma Planning Corp now owns 7,690 shares of the pipeline company’s stock worth $368,000 after acquiring an additional 1,171 shares in the last quarter. Winebrenner Capital Management LLC acquired a new position in shares of Mplx in the fourth quarter worth about $269,000. Finally, Navellier & Associates Inc. acquired a new position in shares of Mplx in the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MPLX. Truist Financial boosted their price objective on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday. Wells Fargo & Company increased their price objective on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Raymond James upped their target price on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Mplx presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

Mplx Stock Up 3.2 %

MPLX stock opened at $53.89 on Friday. 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 $51.14 and a two-hundred day moving average of $47.31. Mplx Lp has a 52-week low of $38.44 and a 52-week high of $54.74. The stock has a market capitalization of $54.90 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. As a group, equities research analysts anticipate that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.9565 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.10%. Mplx’s dividend payout ratio is 90.74%.

About Mplx

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.