Virtu Financial LLC bought a new position in shares of Mplx Lp (NYSE:MPLX – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,322 shares of the pipeline company’s stock, valued at approximately $1,085,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Belfer Management LLC lifted its position in Mplx by 2.4% during the fourth quarter. Belfer Management LLC now owns 7,849 shares of the pipeline company’s stock worth $419,000 after acquiring an additional 181 shares during the last quarter. Trueblood Wealth Management LLC grew its position in shares of Mplx by 1.9% in the fourth quarter. Trueblood Wealth Management LLC now owns 9,736 shares of the pipeline company’s stock valued at $520,000 after purchasing an additional 186 shares during the last quarter. Wealthstar Advisors LLC increased its stake in shares of Mplx by 1.5% during the fourth quarter. Wealthstar Advisors LLC now owns 12,598 shares of the pipeline company’s stock worth $672,000 after purchasing an additional 190 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in shares of Mplx by 4.0% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 5,198 shares of the pipeline company’s stock worth $260,000 after purchasing an additional 198 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in Mplx by 3.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,658 shares of the pipeline company’s stock worth $302,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.
Wall Street Analysts Forecast Growth
MPLX has been the subject of several recent research reports. UBS Group boosted their price target on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Wall Street Zen downgraded Mplx from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Zacks Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley reduced their target price on shares of Mplx from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mplx from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Mplx has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.
Mplx Stock Performance
NYSE:MPLX opened at $56.78 on Monday. The stock has a fifty day moving average price of $55.68 and a 200-day moving average price of $55.92. The company has a market cap of $57.62 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 5.45 and a beta of 0.48. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.10. Mplx Lp has a fifty-two week low of $47.80 and a fifty-two week high of $59.98.
Mplx (NYSE:MPLX – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). Mplx had a net margin of 36.38% and a return on equity of 32.74%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Mplx Lp will post 4.22 EPS for the current fiscal year.
Mplx Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a dividend of $1.0765 per share. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Friday, May 8th. Mplx’s dividend payout ratio is 93.29%.
Mplx Company Profile
MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.
The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.
Featured Stories
- Five stocks we like better than Mplx
- 3 Inflation-Fighting Stocks Built for Higher Oil Prices
- 3 Biotech Firms With Major Potential Catalysts in the Coming Months
- Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?
- 3 Small-Cap Stocks Getting a Russell 2000 Rebalance Boost
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.
