WR Wealth Planners LLC Has $110,000 Holdings in Mplx Lp (NYSE:MPLX)

WR Wealth Planners LLC cut its position in shares of Mplx Lp (NYSE:MPLX) by 33.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,298 shares of the pipeline company’s stock after selling 1,135 shares during the quarter. WR Wealth Planners LLC’s holdings in Mplx were worth $110,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. ING Groep NV grew its holdings in Mplx by 69.8% in the third quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock worth $294,699,000 after purchasing an additional 2,725,000 shares during the period. Kayne Anderson Capital Advisors LP grew its position in Mplx by 0.8% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 5,735,562 shares of the pipeline company’s stock worth $255,003,000 after purchasing an additional 45,271 shares in the last quarter. Duff & Phelps Investment Management Co. grew its position in Mplx by 4.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,933,486 shares of the pipeline company’s stock worth $85,963,000 after purchasing an additional 90,793 shares in the last quarter. Allianz Asset Management GmbH grew its position in Mplx by 1.2% in the 4th quarter. Allianz Asset Management GmbH now owns 1,568,200 shares of the pipeline company’s stock worth $75,054,000 after purchasing an additional 17,900 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in Mplx by 0.5% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,506,962 shares of the pipeline company’s stock worth $72,123,000 after purchasing an additional 8,166 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays upped their price objective 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. Raymond James increased their target price on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. UBS Group increased 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. Wells Fargo & Company increased their target price on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.11.

Mplx Stock Performance

NYSE MPLX opened at $53.89 on Friday. Mplx Lp has a 1 year low of $38.44 and a 1 year high of $54.74. 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 stock has a market capitalization of $54.90 billion, a PE ratio of 12.80, a P/E/G ratio of 1.69 and a beta of 1.42. The company’s 50 day simple moving average is $51.14 and its two-hundred day simple moving average is $47.31.

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

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date was Monday, February 3rd. Mplx’s payout ratio is presently 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.