Mplx Lp (NYSE:MPLX) Stock Position Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its stake in shares of Mplx Lp (NYSE:MPLX) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,084 shares of the pipeline company’s stock after purchasing an additional 1,802 shares during the period. Concurrent Investment Advisors LLC’s holdings in Mplx were worth $626,000 at the end of the most recent quarter.

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

Mplx Trading Down 0.8 %

Shares of MPLX stock opened at $53.40 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Mplx Lp has a 12-month low of $38.44 and a 12-month high of $54.74. The firm has a 50 day moving average price of $50.54 and a two-hundred day moving average price of $46.93. The company has a market capitalization of $54.40 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42.

Mplx (NYSE:MPLX) last posted its earnings results 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 firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. As a group, analysts predict that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.9565 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.16%. Mplx’s dividend payout ratio (DPR) is presently 90.74%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MPLX shares. Wells Fargo & Company upped their price objective on Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Royal Bank of Canada increased their price target on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Barclays raised their price objective on Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, UBS Group increased their target price on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.11.

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.