Mplx Lp (NYSE:MPLX) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of Mplx Lp (NYSE:MPLX) by 55.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,376 shares of the pipeline company’s stock after acquiring an additional 1,925 shares during the period. Farther Finance Advisors LLC’s holdings in Mplx were worth $257,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MPLX. Strategic Financial Concepts LLC increased its position in shares of Mplx by 5,070.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company’s stock valued at $46,797,000 after acquiring an additional 958,881 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mplx during the fourth quarter valued at about $41,917,000. FMR LLC grew its holdings in shares of Mplx by 387.4% in the third quarter. FMR LLC now owns 823,467 shares of the pipeline company’s stock valued at $36,611,000 after purchasing an additional 654,500 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Mplx by 368.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 188,057 shares of the pipeline company’s stock valued at $9,000,000 after purchasing an additional 147,872 shares in the last quarter. Finally, Walnut Private Equity Partners LLC grew its holdings in shares of Mplx by 479.6% in the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after purchasing an additional 127,100 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mplx

In other Mplx news, VP Shawn M. Lyon purchased 4,000 shares of Mplx stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the transaction, the vice president now directly owns 25,299 shares in the company, valued at $1,334,522.25. This trade represents a 18.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MPLX. Royal Bank of Canada lifted their price objective on shares of Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley lifted their price objective on shares of Mplx from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Barclays lifted their price objective on shares of Mplx from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Wells Fargo & Company boosted their price target on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a 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 $54.00.

Mplx Stock Down 0.4 %

Shares of NYSE:MPLX opened at $54.46 on Wednesday. The company has a market capitalization of $55.68 billion, a PE ratio of 12.93, a P/E/G ratio of 1.69 and a beta of 1.40. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. Mplx Lp has a twelve month low of $39.56 and a twelve month high of $54.87. The firm has a 50 day simple moving average of $52.37 and a 200-day simple moving average of $48.27.

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

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.9565 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.03%. Mplx’s dividend payout ratio is presently 90.74%.

Mplx Company 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.