Mplx Lp (NYSE:MPLX) Stock Holdings Boosted by CFO4Life Group LLC

CFO4Life Group LLC lifted its position in shares of Mplx Lp (NYSE:MPLX) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,200 shares of the pipeline company’s stock after acquiring an additional 200 shares during the period. CFO4Life Group LLC’s holdings in Mplx were worth $919,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cedar Wealth Management LLC bought a new position in shares of Mplx during the third quarter worth about $51,000. Geneos Wealth Management Inc. lifted its holdings in Mplx by 56.3% in 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 acquired a new stake in Mplx in the fourth quarter worth about $98,000. Allworth Financial LP lifted its holdings in Mplx by 25.1% in the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock worth $134,000 after purchasing an additional 517 shares during the period. Finally, Archford Capital Strategies LLC acquired a new stake in Mplx in the fourth quarter worth about $200,000. Institutional investors own 24.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Raymond James upped their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Truist Financial upped 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. Finally, Royal Bank of Canada upped their price target on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.10.

Insider Buying and Selling at Mplx

In other news, VP Shawn M. Lyon acquired 4,000 shares of Mplx stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $52.75 per share, with a total value of $211,000.00. Following the completion of the purchase, the vice president now owns 25,299 shares of the company’s stock, valued at $1,334,522.25. This represents a 18.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mplx Price Performance

Shares of NYSE MPLX opened at $53.08 on Thursday. Mplx Lp has a twelve month low of $39.56 and a twelve month high of $54.79. 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 company has a market capitalization of $54.27 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.69 and a beta of 1.40. The firm has a 50-day moving average of $51.95 and a two-hundred day moving average of $47.91.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating 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 firm earned $1.10 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date was Monday, February 3rd. Mplx’s dividend payout ratio is presently 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.