Mutual Advisors LLC Has $627,000 Stock Holdings in Mplx Lp (NYSE:MPLX)

Mutual Advisors LLC lifted its holdings in shares of Mplx Lp (NYSE:MPLX) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,345 shares of the pipeline company’s stock after purchasing an additional 378 shares during the quarter. Mutual Advisors LLC’s holdings in Mplx were worth $627,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Cedar Wealth Management LLC bought a new stake in Mplx in the 3rd quarter valued at $51,000. Farther Finance Advisors LLC boosted its holdings in Mplx by 393.0% in the 3rd 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 period. Zhang Financial LLC bought a new stake in Mplx in the 3rd quarter valued at $202,000. Alpha Cubed Investments LLC bought a new stake in Mplx in the 3rd quarter valued at $204,000. Finally, Marcum Wealth LLC bought a new stake in Mplx in the 4th quarter valued at $205,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Insider Transactions at Mplx

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $47.24, for a total transaction of $188,960.00. Following the completion of the sale, the vice president now owns 14,750 shares in the company, valued at $696,790. The trade was a 21.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mplx Trading Up 0.0 %

MPLX opened at $51.90 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $52.87 billion, a PE ratio of 12.24, a PEG ratio of 2.34 and a beta of 1.43. Mplx Lp has a 1-year low of $37.04 and a 1-year high of $53.15. The firm has a 50-day moving average price of $49.02 and a two-hundred day moving average price of $45.43.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.04). The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.09 billion. Mplx had a net margin of 36.77% and a return on equity of 32.70%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. As a group, equities analysts anticipate that Mplx Lp will post 4.18 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend is Monday, February 3rd. Mplx’s payout ratio is presently 90.33%.

Analyst Ratings Changes

A number of research firms have recently commented on MPLX. Royal Bank of Canada raised their price objective on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company raised their price objective on shares of Mplx from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays raised their price objective on shares of Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, UBS Group raised their price objective on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Mplx presently has an average rating of “Moderate Buy” and a consensus price target of $49.89.

About Mplx

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.