Level Four Advisory Services LLC Has $316,000 Stock Position in Mplx Lp (NYSE:MPLX)

Level Four Advisory Services LLC increased its position in shares of Mplx Lp (NYSE:MPLX) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,609 shares of the pipeline company’s stock after acquiring an additional 1,150 shares during the quarter. Level Four Advisory Services LLC’s holdings in Mplx were worth $316,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MPLX. PFG Investments LLC raised 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 period. Walnut Private Equity Partners LLC raised its position in Mplx by 479.6% during the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after buying an additional 127,100 shares during the period. MML Investors Services LLC lifted its stake in Mplx by 387.5% in the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after acquiring an additional 18,714 shares in the last quarter. Larson Financial Group LLC boosted its position in Mplx by 9,134.1% during the 4th quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company’s stock worth $557,000 after acquiring an additional 11,509 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Mplx by 5.3% in the 3rd quarter. Stifel Financial Corp now owns 1,276,828 shares of the pipeline company’s stock valued at $56,768,000 after purchasing an additional 64,714 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Down 0.9 %

Shares of MPLX stock opened at $53.53 on Tuesday. The company has a market capitalization of $54.73 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.69 and a beta of 1.40. 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 stock’s 50 day simple moving average is $53.11 and its 200 day simple moving average is $48.96. Mplx Lp has a twelve month low of $39.56 and a twelve month high of $54.87.

Mplx (NYSE:MPLX) last issued its quarterly earnings data 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the company earned $1.10 earnings per share. Mplx’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts predict 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. Stockholders of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.15%. The ex-dividend date was Monday, February 3rd. Mplx’s dividend payout ratio is currently 90.74%.

Insider Transactions at Mplx

In related news, VP Shawn M. Lyon acquired 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the purchase, the vice president now owns 25,299 shares in the company, valued at approximately $1,334,522.25. The trade was a 18.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Ratings Changes

Several research firms recently commented on MPLX. Morgan Stanley raised their price target on shares of Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Wells Fargo & Company increased their price objective on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Raymond James boosted their target price on Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Barclays raised their price target on Mplx from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

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.