Schulhoff & Co. Inc. Takes Position in Mplx Lp (NYSE:MPLX)

Schulhoff & Co. Inc. bought a new position in shares of Mplx Lp (NYSE:MPLX) in the fourth quarter, HoldingsChannel reports. The firm bought 5,000 shares of the pipeline company’s stock, valued at approximately $239,000.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Mplx by 153.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,000 shares of the pipeline company’s stock valued at $356,000 after purchasing an additional 4,842 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Mplx by 4.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 85,389 shares of the pipeline company’s stock worth $3,796,000 after buying an additional 3,505 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Mplx by 3.9% during the third 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. Pathway Financial Advisers LLC grew its holdings in Mplx by 14.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 26,052 shares of the pipeline company’s stock valued at $1,158,000 after buying an additional 3,294 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC bought a new stake in Mplx in the 3rd quarter worth approximately $210,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Trading Down 1.0 %

MPLX stock opened at $52.32 on Friday. The firm has a market cap of $53.30 billion, a P/E ratio of 12.43, a PEG ratio of 1.69 and a beta of 1.42. Mplx Lp has a 52-week low of $38.44 and a 52-week high of $54.74. 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 company’s 50-day simple moving average is $51.01 and its 200-day simple moving average is $47.17.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. As a group, equities analysts forecast that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 7.31%. Mplx’s dividend payout ratio (DPR) is currently 90.74%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MPLX. Truist Financial raised their target price on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price 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 shares of Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. Raymond James upped their target price on Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 22nd. One 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. Based on data from MarketBeat, Mplx has a consensus rating of “Moderate Buy” and an average target price of $52.11.

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.