ArchPoint Investors Has $2.88 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

ArchPoint Investors increased its stake in shares of Mplx Lp (NYSE:MPLX) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,218 shares of the pipeline company’s stock after buying an additional 714 shares during the period. Mplx accounts for approximately 0.9% of ArchPoint Investors’ holdings, making the stock its 25th biggest holding. ArchPoint Investors’ holdings in Mplx were worth $2,882,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CFO4Life Group LLC lifted its position in shares of Mplx by 1.1% during the fourth quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company’s stock worth $919,000 after purchasing an additional 200 shares in the last quarter. GraniteShares Advisors LLC lifted its holdings in Mplx by 0.5% during the 4th quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company’s stock worth $2,462,000 after buying an additional 237 shares in the last quarter. Cherry Creek Investment Advisors Inc. boosted its position in Mplx by 2.0% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 14,489 shares of the pipeline company’s stock valued at $693,000 after buying an additional 285 shares during the last quarter. Huntington National Bank raised its position in shares of Mplx by 8.3% during the fourth quarter. Huntington National Bank now owns 3,900 shares of the pipeline company’s stock worth $187,000 after acquiring an additional 300 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in shares of Mplx by 3.2% during the fourth quarter. Mutual Advisors LLC now owns 12,345 shares of the pipeline company’s stock valued at $627,000 after acquiring an additional 378 shares during the period. Institutional investors own 24.25% of the company’s stock.

Mplx Trading Down 7.0 %

NYSE:MPLX opened at $48.53 on Monday. 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 business’s 50-day simple moving average is $53.11 and its 200-day simple moving average is $49.19. Mplx Lp has a fifty-two week low of $39.56 and a fifty-two week high of $54.87. The stock has a market capitalization of $49.62 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s dividend payout ratio is 90.74%.

Insider Activity

In other Mplx news, VP Shawn M. Lyon bought 4,000 shares of Mplx stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the acquisition, the vice president now owns 25,299 shares of the company’s stock, valued at $1,334,522.25. This trade represents a 18.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Raymond James boosted their price objective on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley lifted their target price on shares of Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Barclays increased their price target on Mplx from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Wells Fargo & Company lifted their price objective on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada boosted their target price on Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Mplx presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

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.