Lindbrook Capital LLC Decreases Holdings in Mplx Lp (NYSE:MPLX)

Lindbrook Capital LLC decreased its holdings in Mplx Lp (NYSE:MPLX) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,796 shares of the pipeline company’s stock after selling 2,332 shares during the period. Lindbrook Capital LLC’s holdings in Mplx were worth $2,383,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MPLX. Gladstone Institutional Advisory LLC purchased a new position in shares of Mplx in the third quarter worth about $210,000. Farther Finance Advisors LLC increased its stake in shares of Mplx by 393.0% in the third quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock worth $153,000 after purchasing an additional 2,751 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Mplx by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,894 shares of the pipeline company’s stock worth $1,996,000 after purchasing an additional 1,338 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Mplx by 10.7% in the third quarter. Van ECK Associates Corp now owns 57,809 shares of the pipeline company’s stock worth $2,535,000 after purchasing an additional 5,569 shares in the last quarter. Finally, Crescent Grove Advisors LLC boosted its position in shares of Mplx by 2.0% in the third quarter. Crescent Grove Advisors LLC now owns 68,403 shares of the pipeline company’s stock valued at $3,041,000 after acquiring an additional 1,330 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MPLX shares. 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 report on Monday, January 13th. Truist Financial raised their price objective on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. UBS Group raised their price objective on shares of Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Wells Fargo & Company raised their price objective on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.11.

Mplx Trading Up 0.2 %

Shares of Mplx stock opened at $53.17 on Thursday. Mplx Lp has a 1 year low of $39.56 and a 1 year high of $54.79. The firm has a market cap of $54.17 billion, a PE ratio of 12.63, a PEG ratio of 1.69 and a beta of 1.42. 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 50 day simple moving average of $51.46 and a two-hundred day simple moving average of $47.56.

Mplx (NYSE:MPLX) last announced its earnings results 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 net margin of 36.18% and a return on equity of 31.94%. Mplx’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. Analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued 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 7.20%. 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.