Sanctuary Advisors LLC Has $1.13 Million Holdings in Mplx Lp (NYSE:MPLX)

Sanctuary Advisors LLC increased its holdings in Mplx Lp (NYSE:MPLX) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,508 shares of the pipeline company’s stock after purchasing an additional 1,978 shares during the period. Sanctuary Advisors LLC’s holdings in Mplx were worth $1,125,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MPLX. Cedar Wealth Management LLC bought a new stake in shares of Mplx during the 3rd quarter worth about $51,000. Geneos Wealth Management Inc. boosted its position in Mplx by 56.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 409 shares during the period. Crewe Advisors LLC bought a new stake in Mplx during the fourth quarter worth approximately $98,000. Allworth Financial LP grew its holdings in Mplx by 25.1% during the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock valued at $134,000 after purchasing an additional 517 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position 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 valued at $153,000 after purchasing an additional 2,751 shares during the period. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPLX has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Truist Financial boosted their target price on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Raymond James raised their price target on Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. 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. Finally, Barclays raised their target price on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.11.

Mplx Price Performance

Shares of MPLX stock opened at $52.84 on Thursday. Mplx Lp has a 12 month low of $38.44 and a 12 month high of $54.74. The company has a market capitalization of $53.83 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.69 and a beta of 1.42. The stock has a 50 day moving average of $50.89 and a two-hundred day moving average of $47.14. 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 issued its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. Mplx’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.10 earnings per share. As a group, equities analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is presently 90.74%.

Mplx 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.