Arete Wealth Advisors LLC Has $472,000 Stock Holdings in Mplx Lp (NYSE:MPLX)

Arete Wealth Advisors LLC boosted its position in shares of Mplx Lp (NYSE:MPLX) by 36.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,852 shares of the pipeline company’s stock after purchasing an additional 2,640 shares during the period. Arete Wealth Advisors LLC’s holdings in Mplx were worth $472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPLX. PFG Investments LLC increased its position in Mplx by 38.5% in the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock valued at $1,843,000 after acquiring an additional 10,705 shares in the last quarter. Walnut Private Equity Partners LLC increased its holdings in shares of Mplx by 479.6% in the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after purchasing an additional 127,100 shares in the last quarter. MML Investors Services LLC raised its position in Mplx by 387.5% in the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after purchasing an additional 18,714 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Mplx by 9,134.1% during the 4th quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company’s stock worth $557,000 after buying an additional 11,509 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Mplx by 5.3% in the 3rd quarter. Stifel Financial Corp now owns 1,276,828 shares of the pipeline company’s stock valued at $56,768,000 after buying an additional 64,714 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mplx

In other news, VP Shawn M. Lyon bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $52.75 per share, with a total value of $211,000.00. Following the transaction, the vice president now owns 25,299 shares in the company, valued at $1,334,522.25. This represents a 18.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MPLX. Royal Bank of Canada raised their price target on Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, March 17th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. Barclays boosted their price target on shares of Mplx from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Morgan Stanley raised their price objective on shares of Mplx from $56.00 to $62.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 11th. Finally, Raymond James upped their target price on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.00.

Mplx Stock Down 7.0 %

NYSE:MPLX opened at $48.53 on Friday. Mplx Lp has a 1 year low of $39.56 and a 1 year high of $54.87. The stock has a 50-day moving average price of $53.11 and a two-hundred day moving average price of $49.16. The stock has a market cap of $49.62 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.69 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

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

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued 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 7.88%. Mplx’s payout ratio is 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.