Lodestone Wealth Management LLC Buys Shares of 4,363 Mplx Lp (NYSE:MPLX)

Lodestone Wealth Management LLC bought a new stake in shares of Mplx Lp (NYSE:MPLX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,363 shares of the pipeline company’s stock, valued at approximately $209,000.

Several other institutional investors also recently bought and sold shares of MPLX. ING Groep NV lifted its position in shares of Mplx by 69.8% during the 3rd quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock worth $294,699,000 after purchasing an additional 2,725,000 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Mplx by 5,070.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company’s stock worth $46,797,000 after purchasing an additional 958,881 shares during the last quarter. FMR LLC lifted its position in shares of Mplx by 387.4% during the 3rd quarter. FMR LLC now owns 823,467 shares of the pipeline company’s stock worth $36,611,000 after purchasing an additional 654,500 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in shares of Mplx by 17.0% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,498,796 shares of the pipeline company’s stock worth $66,636,000 after purchasing an additional 217,674 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Mplx during the 3rd quarter worth about $8,644,000. 24.25% of the stock is currently owned by institutional investors.

Insider Transactions at Mplx

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’s stock in a transaction that occurred 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 directly owns 14,750 shares of the company’s stock, valued at $696,790. The trade was a 21.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mplx Trading Up 0.3 %

MPLX stock opened at $53.89 on Friday. Mplx Lp has a 1-year low of $38.22 and a 1-year high of $54.52. The firm has a market cap of $54.91 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.38 and a beta of 1.42. The business’s 50 day moving average is $49.89 and its 200-day moving average is $46.38. 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 released its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $3.06 billion for 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%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Equities analysts anticipate that Mplx Lp will post 4.39 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.10%. The ex-dividend date was Monday, February 3rd. Mplx’s payout ratio is currently 90.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price target on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research note on Friday. Raymond James boosted their price target on Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, UBS Group boosted their price target on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. 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, Mplx currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

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.