Mplx Lp (NYSE:MPLX) Shares Sold by NBW Capital LLC

NBW Capital LLC decreased its stake in Mplx Lp (NYSE:MPLX) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,057 shares of the pipeline company’s stock after selling 3,167 shares during the period. Mplx makes up 2.3% of NBW Capital LLC’s investment portfolio, making the stock its 10th largest holding. NBW Capital LLC’s holdings in Mplx were worth $12,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC lifted its stake in shares of 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 during the period. Walnut Private Equity Partners LLC lifted its stake in shares of Mplx by 479.6% in the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after purchasing an additional 127,100 shares during the period. MML Investors Services LLC lifted its stake in shares of Mplx by 387.5% in the third quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock valued at $1,047,000 after purchasing an additional 18,714 shares during the period. Glenmede Trust Co. NA increased its holdings in Mplx by 7.2% during 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 increased its holdings in Mplx by 7.4% during 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. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MPLX. 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 report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Barclays boosted their target price on shares of Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. UBS Group boosted their target price on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Truist Financial boosted their target price on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Mplx Stock Up 0.6 %

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

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $3.06 billion during 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%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Research analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The company also recently declared 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 of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.06%. Mplx’s dividend payout ratio is currently 90.74%.

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.