Private Advisor Group LLC Has $2.48 Million Stock Position in Mplx Lp (NYSE:MPLX)

Private Advisor Group LLC lessened its stake in shares of Mplx Lp (NYSE:MPLX) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,755 shares of the pipeline company’s stock after selling 1,985 shares during the quarter. Private Advisor Group LLC’s holdings in Mplx were worth $2,477,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MPLX. Captrust Financial Advisors grew its position in Mplx by 0.4% during the 3rd quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company’s stock worth $2,689,000 after acquiring an additional 231 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Mplx by 1.4% during the third 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. grew its holdings in shares of Mplx by 2.0% during 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 last quarter. FORA Capital LLC increased its stake 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 valued at $681,000 after buying an additional 332 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in Mplx by 3.9% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock valued at $396,000 after buying an additional 338 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Trading Down 0.4 %

NYSE MPLX opened at $53.16 on Tuesday. Mplx Lp has a one year low of $38.44 and a one year high of $54.74. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The business has a 50 day simple moving average of $50.65 and a 200 day simple moving average of $47.01. The stock has a market capitalization of $54.16 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.69 and a beta of 1.42.

Mplx (NYSE:MPLX) last issued its 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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. Mplx’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. Research analysts expect that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.9565 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.20%. Mplx’s dividend payout ratio is presently 90.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James boosted their target price on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their target price on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. UBS Group increased their price target on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays lifted 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, Royal Bank of Canada upped their target price on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a 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 issued a strong buy rating to the company. According to MarketBeat, Mplx presently has a consensus rating of “Moderate Buy” and an average target price 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.