4,687 Shares in Mplx Lp (NYSE:MPLX) Bought by Elser Financial Planning Inc

Elser Financial Planning Inc acquired a new position in Mplx Lp (NYSE:MPLX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,687 shares of the pipeline company’s stock, valued at approximately $224,000.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MPLX shares. UBS Group raised their price target on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America started coverage on shares of Mplx in a research report on Thursday, October 17th. They set an “underperform” rating and a $43.00 price target for the company. Truist Financial raised 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. Royal Bank of Canada boosted their price objective on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Barclays lifted their target price on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.11.

Insiders Place Their Bets

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $47.24, for a total transaction of $188,960.00. Following the transaction, the vice president now owns 14,750 shares of the company’s stock, valued at approximately $696,790. This trade represents a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mplx Stock Down 0.6 %

MPLX stock opened at $53.20 on Monday. Mplx Lp has a 12 month low of $37.58 and a 12 month high of $54.18. The company has a market cap of $54.20 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.38 and a beta of 1.42. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average of $49.65 and a two-hundred day moving average of $46.11.

Mplx (NYSE:MPLX) last announced its 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 company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm posted $1.10 earnings per share. Mplx’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts forecast 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 will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a yield of 7.19%. The ex-dividend date is Monday, February 3rd. Mplx’s payout ratio is currently 90.97%.

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.