Mplx Lp (NYSE:MPLX) Shares Purchased by Allworth Financial LP

Allworth Financial LP grew its stake in Mplx Lp (NYSE:MPLX) by 25.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,576 shares of the pipeline company’s stock after buying an additional 517 shares during the quarter. Allworth Financial LP’s holdings in Mplx were worth $134,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Investments LLC lifted its stake in Mplx by 38.5% during the fourth quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock worth $1,843,000 after purchasing an additional 10,705 shares during the last quarter. Walnut Private Equity Partners LLC lifted its position in shares of Mplx by 479.6% during the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock worth $7,351,000 after buying an additional 127,100 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Mplx by 387.5% in the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock valued at $1,047,000 after buying an additional 18,714 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Mplx by 7.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock valued at $6,647,000 after buying an additional 10,000 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in Mplx by 7.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 280,885 shares of the pipeline company’s stock worth $12,488,000 after acquiring an additional 19,320 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of MPLX opened at $53.40 on Monday. 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 quick ratio of 0.95 and a current ratio of 0.99. The company has a market cap of $54.40 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. The firm has a fifty day moving average of $50.54 and a 200-day moving average of $46.93.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, topping 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 company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the business posted $1.10 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current 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 given a $0.9565 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.16%. Mplx’s dividend payout ratio (DPR) is presently 90.74%.

Analyst Ratings Changes

Several analysts have recently weighed in on MPLX shares. Truist Financial boosted their target price on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays boosted their price objective on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Raymond James upped their price target on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, UBS Group raised their price objective on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mplx currently has an average 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.