Oxbow Advisors LLC Has $19.08 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

Oxbow Advisors LLC reduced its stake in Mplx Lp (NYSE:MPLX) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,702 shares of the pipeline company’s stock after selling 992 shares during the period. Mplx accounts for 2.2% of Oxbow Advisors LLC’s portfolio, making the stock its 7th largest position. Oxbow Advisors LLC’s holdings in Mplx were worth $19,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cedar Wealth Management LLC bought a new position in Mplx in the third quarter worth about $51,000. Geneos Wealth Management Inc. raised its stake 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 buying an additional 409 shares in the last quarter. Crewe Advisors LLC bought a new position in Mplx in the fourth quarter worth about $98,000. Allworth Financial LP grew 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, Farther Finance Advisors LLC lifted its holdings in shares of Mplx by 393.0% during the third quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock valued at $153,000 after purchasing an additional 2,751 shares during the last quarter. 24.25% of the stock is owned by institutional investors.

Mplx Price Performance

Shares of MPLX opened at $53.40 on Friday. The company has a market capitalization of $54.40 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $50.45 and a 200 day moving average of $46.77. Mplx Lp has a twelve month low of $38.44 and a twelve month high of $54.74.

Mplx (NYSE:MPLX) last announced its quarterly earnings results 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 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 the consensus estimate of $3.07 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently announced 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 yield of 7.16%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is presently 90.97%.

Wall Street Analysts Forecast Growth

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

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.