Marshall Investment Management LLC Invests $468,000 in Mplx Lp (NYSE:MPLX)

Marshall Investment Management LLC bought a new position in shares of Mplx Lp (NYSE:MPLX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,528 shares of the pipeline company’s stock, valued at approximately $468,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ING Groep NV raised its position in shares of Mplx by 69.8% during the third quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock worth $294,699,000 after purchasing an additional 2,725,000 shares during the period. Kayne Anderson Capital Advisors LP raised its position in Mplx by 0.8% during the third quarter. Kayne Anderson Capital Advisors LP now owns 5,735,562 shares of the pipeline company’s stock valued at $255,003,000 after buying an additional 45,271 shares during the period. Duff & Phelps Investment Management Co. raised its position in Mplx by 4.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,933,486 shares of the pipeline company’s stock valued at $85,963,000 after buying an additional 90,793 shares during the period. Allianz Asset Management GmbH raised its position in Mplx by 1.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,568,200 shares of the pipeline company’s stock valued at $75,054,000 after buying an additional 17,900 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in Mplx by 0.5% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,506,962 shares of the pipeline company’s stock valued at $72,123,000 after buying an additional 8,166 shares during the period. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MPLX. Wells Fargo & Company upped their price target on Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. UBS Group upped their price target on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Truist Financial upped their price target on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Royal Bank of Canada upped their price target on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.11.

Mplx Stock Performance

Shares of MPLX stock opened at $53.40 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx Lp has a fifty-two week low of $38.44 and a fifty-two week high of $54.74. The stock’s 50-day moving average is $50.54 and its two-hundred day moving average is $46.89. The firm has a market cap of $54.40 billion, a P/E ratio of 12.68, a PEG ratio of 1.69 and a beta of 1.42.

Mplx (NYSE:MPLX) last released its quarterly 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 company had revenue of $3.06 billion during 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 firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. Analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.9565 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.16%. Mplx’s dividend payout ratio (DPR) 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.