Geneos Wealth Management Inc. Acquires 409 Shares of Mplx Lp (NYSE:MPLX)

Geneos Wealth Management Inc. lifted its holdings in Mplx Lp (NYSE:MPLX) by 56.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,135 shares of the pipeline company’s stock after purchasing an additional 409 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Mplx were worth $54,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in shares of Mplx by 0.5% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,506,962 shares of the pipeline company’s stock valued at $72,123,000 after purchasing an additional 8,166 shares in the last quarter. Walnut Private Equity Partners LLC lifted its stake in Mplx by 479.6% in the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after acquiring an additional 127,100 shares in the last quarter. Secure Asset Management LLC grew its stake in shares of Mplx by 9.1% during the 4th quarter. Secure Asset Management LLC now owns 5,511 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 459 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Mplx by 3.2% in the fourth quarter. Mutual Advisors LLC now owns 12,345 shares of the pipeline company’s stock valued at $627,000 after purchasing an additional 378 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of Mplx by 27.9% in the fourth quarter. Wesbanco Bank Inc. now owns 6,879 shares of the pipeline company’s stock worth $329,000 after purchasing an additional 1,500 shares in the last quarter. 24.25% of the stock is owned by institutional investors.

Mplx Trading Down 2.5 %

Shares of Mplx stock opened at $52.03 on Friday. 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 fifty day simple moving average of $49.34 and a two-hundred day simple moving average of $45.67. Mplx Lp has a 1 year low of $37.04 and a 1 year high of $53.55. The company has a market capitalization of $53.01 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 2.31 and a beta of 1.43.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, November 5th. The pipeline company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.04). The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.09 billion. Mplx had a return on equity of 32.70% and a net margin of 36.77%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. Research analysts forecast that Mplx Lp will post 4.18 EPS for the current year.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.9565 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.35%. Mplx’s dividend payout ratio (DPR) is currently 90.09%.

Insider Buying and Selling

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $47.24, for a total value 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 document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America began coverage on Mplx in a research report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 target price on the stock. Barclays increased their price target on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on Mplx from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, Mplx presently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

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.