Oppenheimer Asset Management Inc. Buys 663 Shares of Mplx Lp (NYSE:MPLX)

Oppenheimer Asset Management Inc. grew its stake in shares of Mplx Lp (NYSE:MPLX) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,834 shares of the pipeline company’s stock after buying an additional 663 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Mplx were worth $1,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors grew its stake in Mplx by 0.4% during the third quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company’s stock valued at $2,689,000 after acquiring an additional 231 shares in the last quarter. GraniteShares Advisors LLC boosted its holdings in Mplx by 0.5% in the 4th quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company’s stock valued at $2,462,000 after purchasing an additional 237 shares during the period. Sheaff Brock Investment Advisors LLC grew its position in shares of Mplx by 1.4% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 19,701 shares of the pipeline company’s stock valued at $876,000 after purchasing an additional 268 shares in the last quarter. Cherry Creek Investment Advisors Inc. increased its holdings in shares of Mplx by 2.0% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 14,489 shares of the pipeline company’s stock worth $693,000 after purchasing an additional 285 shares during the period. Finally, FORA Capital LLC raised its position in shares of Mplx by 2.2% in the third quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company’s stock worth $681,000 after buying an additional 332 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Trading Up 0.6 %

NYSE MPLX opened at $54.22 on Tuesday. The firm has a market cap of $55.24 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. Mplx Lp has a 1-year low of $39.01 and a 1-year high of $54.79. The stock has a 50-day moving average of $51.27 and a 200-day moving average of $47.44. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Mplx Lp will post 4.41 EPS for the current 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 given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s payout ratio is 90.74%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada boosted their target price on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company boosted 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 raised their target price on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. 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 research note on Tuesday, November 19th. Finally, UBS Group increased their price target on shares of 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 and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.