Winebrenner Capital Management LLC Invests $269,000 in Mplx Lp (NYSE:MPLX)

Winebrenner Capital Management LLC bought a new stake in Mplx Lp (NYSE:MPLX) during the 4th quarter, HoldingsChannel reports. The firm bought 5,628 shares of the pipeline company’s stock, valued at approximately $269,000.

A number of other institutional investors have also bought and sold shares of the company. Creative Planning boosted its holdings in shares of Mplx by 45.4% during the 3rd quarter. Creative Planning now owns 51,508 shares of the pipeline company’s stock worth $2,290,000 after buying an additional 16,076 shares in the last quarter. Raymond James & Associates boosted its position in shares of Mplx by 8.0% during the 3rd quarter. Raymond James & Associates now owns 398,340 shares of the pipeline company’s stock worth $17,710,000 after purchasing an additional 29,388 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Mplx by 153.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,000 shares of the pipeline company’s stock worth $356,000 after purchasing an additional 4,842 shares in the last quarter. Tectonic Advisors LLC grew its stake in shares of Mplx by 13.9% in the 3rd quarter. Tectonic Advisors LLC now owns 189,370 shares of the pipeline company’s stock valued at $8,419,000 after buying an additional 23,086 shares during the period. Finally, Pathway Financial Advisers LLC increased its position in Mplx by 14.5% in the 3rd quarter. Pathway Financial Advisers LLC now owns 26,052 shares of the pipeline company’s stock valued at $1,158,000 after buying an additional 3,294 shares in the last quarter. Institutional investors own 24.25% of the company’s stock.

Mplx Price Performance

MPLX opened at $53.40 on Friday. Mplx Lp has a 1 year low of $38.44 and a 1 year high of $54.74. 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 market capitalization of $54.40 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.69 and a beta of 1.42. The firm’s fifty day moving average price is $50.45 and its two-hundred day moving average price is $46.77.

Mplx (NYSE:MPLX) last released its quarterly 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. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.9565 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.16%. Mplx’s payout ratio is presently 90.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MPLX. UBS Group raised their price objective on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Truist Financial upped their price objective on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays raised their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.