Pathway Financial Advisers LLC Has $1.30 Million Stake in Mplx Lp (NYSE:MPLX)

Pathway Financial Advisers LLC grew its position in Mplx Lp (NYSE:MPLX) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,110 shares of the pipeline company’s stock after purchasing an additional 1,058 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Mplx were worth $1,297,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Mplx by 18.1% during the 4th quarter. Van ECK Associates Corp now owns 68,289 shares of the pipeline company’s stock valued at $3,268,000 after purchasing an additional 10,480 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Mplx by 65.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 13,200 shares of the pipeline company’s stock valued at $632,000 after buying an additional 5,200 shares during the period. Augustine Asset Management Inc. boosted its holdings in shares of Mplx by 140.0% during the 4th quarter. Augustine Asset Management Inc. now owns 13,080 shares of the pipeline company’s stock worth $626,000 after buying an additional 7,630 shares in the last quarter. Focus Financial Network Inc. grew its position in shares of Mplx by 7.8% during the 4th quarter. Focus Financial Network Inc. now owns 5,558 shares of the pipeline company’s stock worth $266,000 after buying an additional 404 shares during the period. Finally, MADDEN SECURITIES Corp bought a new stake in shares of Mplx in the 4th quarter valued at $240,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on MPLX. Raymond James increased their price target on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price target 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. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Truist Financial boosted their price target on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price objective on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.11.

Mplx Stock Performance

Shares of MPLX stock opened at $52.66 on Thursday. Mplx Lp has a 12 month low of $37.78 and a 12 month high of $54.18. The stock has a market capitalization of $53.65 billion, a P/E ratio of 12.51, 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’s 50 day moving average is $49.81 and its 200 day moving average is $46.33.

Mplx (NYSE:MPLX) last posted its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. On average, sell-side analysts anticipate that Mplx Lp will post 4.39 earnings per share for the current year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Monday, February 3rd. Mplx’s dividend payout ratio is presently 90.97%.

Insider Transactions at Mplx

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $47.24, for a total value 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 represents a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

About Mplx

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.