Secure Asset Management LLC bought a new position in Mplx Lp (NYSE:MPLX – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 5,052 shares of the pipeline company’s stock, valued at approximately $225,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Quent Capital LLC acquired a new stake in Mplx during the first quarter worth about $35,000. Pacifica Partners Inc. acquired a new stake in Mplx during the 1st quarter worth approximately $41,000. Crewe Advisors LLC purchased a new position in Mplx in the first quarter valued at approximately $41,000. Register Financial Advisors LLC acquired a new position in Mplx during the first quarter valued at approximately $42,000. Finally, CWM LLC grew its stake in Mplx by 73.3% during the second quarter. CWM LLC now owns 1,066 shares of the pipeline company’s stock worth $45,000 after buying an additional 451 shares during the period. 24.25% of the stock is currently owned by hedge funds and other institutional investors.
Mplx Stock Performance
Shares of MPLX opened at $44.34 on Friday. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.22 and a beta of 1.37. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.41. The business’s 50 day moving average is $43.38 and its two-hundred day moving average is $42.19. Mplx Lp has a 52-week low of $35.06 and a 52-week high of $45.24.
Mplx Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a dividend of $0.85 per share. The ex-dividend date was Friday, August 9th. This represents a $3.40 annualized dividend and a dividend yield of 7.67%. Mplx’s payout ratio is 87.63%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on MPLX shares. Wells Fargo & Company raised their target price on shares of Mplx from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Barclays upped their target price on Mplx from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. UBS Group raised their target price on Mplx from $49.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada boosted their price target on Mplx from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Mplx presently has an average rating of “Moderate Buy” and a consensus price target of $47.67.
Check Out Our Latest Stock Report on MPLX
About Mplx
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.
Featured Stories
- Five stocks we like better than Mplx
- What is the NASDAQ Stock Exchange?
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- How to invest in marijuana stocks in 7 steps
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- What Are the FAANG Stocks and Are They Good Investments?
- MarketBeat Week in Review – 10/14 – 10/18
Want to see what other hedge funds are holding MPLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mplx Lp (NYSE:MPLX – Free Report).
Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.