Mplx Lp (NYSE:MPLX) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in shares of Mplx Lp (NYSE:MPLX) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,383 shares of the pipeline company’s stock after selling 2,908 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Mplx were worth $2,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MPLX. Cedar Wealth Management LLC acquired a new position in Mplx during the 3rd quarter valued at approximately $51,000. Geneos Wealth Management Inc. grew its holdings in shares of Mplx by 56.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock valued at $54,000 after buying an additional 409 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Mplx by 393.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock valued at $153,000 after acquiring an additional 2,751 shares during the period. Archford Capital Strategies LLC purchased a new position in Mplx in the 4th quarter worth $200,000. Finally, Panoramic Investment Advisors LLC acquired a new stake in Mplx during the 4th quarter worth about $200,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Price Performance

Shares of Mplx stock opened at $53.20 on Friday. The firm has a market cap of $54.20 billion, a PE ratio of 12.55, a P/E/G ratio of 2.33 and a beta of 1.42. Mplx Lp has a twelve month low of $37.58 and a twelve month high of $54.18. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average price of $49.62 and a 200 day moving average price of $46.02.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a return on equity of 32.70% and a net margin of 36.77%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. Sell-side analysts predict that Mplx Lp will post 4.18 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.9565 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.19%. Mplx’s dividend payout ratio (DPR) is presently 90.33%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America started coverage on Mplx in a research note on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price objective for the company. Raymond James lifted their price objective on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays increased their price objective on shares of Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

Insider Activity at Mplx

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $47.24, for a total value of $188,960.00. Following the transaction, the vice president now owns 14,750 shares in the company, valued at approximately $696,790. This trade represents a 21.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.