Doliver Advisors LP Sells 500 Shares of Mplx Lp (NYSE:MPLX)

Doliver Advisors LP lowered its stake in shares of Mplx Lp (NYSE:MPLX) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,623 shares of the pipeline company’s stock after selling 500 shares during the quarter. Mplx makes up approximately 0.6% of Doliver Advisors LP’s holdings, making the stock its 25th biggest holding. Doliver Advisors LP’s holdings in Mplx were worth $2,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPLX. Bank of New York Mellon Corp raised its position in shares of Mplx by 11.7% during the second quarter. Bank of New York Mellon Corp now owns 15,925 shares of the pipeline company’s stock worth $678,000 after acquiring an additional 1,670 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Mplx by 10.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 98,066 shares of the pipeline company’s stock valued at $4,177,000 after purchasing an additional 9,585 shares during the period. Savant Capital LLC boosted its stake in shares of Mplx by 7.7% in the 2nd quarter. Savant Capital LLC now owns 14,636 shares of the pipeline company’s stock valued at $623,000 after purchasing an additional 1,052 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of Mplx by 4,274.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 811,371 shares of the pipeline company’s stock worth $346,000 after buying an additional 792,822 shares during the period. Finally, Caprock Group LLC bought a new stake in shares of Mplx during the second quarter worth approximately $805,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial lifted their target price on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on Mplx from $53.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Barclays upped their target price on shares of Mplx from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.56.

Mplx Stock Up 0.1 %

MPLX stock traded up $0.07 during trading hours on Monday, reaching $48.59. 730,442 shares of the stock were exchanged, compared to its average volume of 1,632,173. The company has a market cap of $49.50 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 2.91 and a beta of 1.43. The firm’s 50-day moving average is $47.63 and its 200-day moving average is $44.63. Mplx Lp has a 12 month low of $36.76 and a 12 month high of $51.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95.

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

Mplx Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a $0.9565 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.83 dividend on an annualized basis and a yield of 7.87%. This is an increase from Mplx’s previous quarterly dividend of $0.85. Mplx’s dividend payout ratio (DPR) is 90.09%.

Insider Buying and Selling at Mplx

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $47.24, for a total transaction of $188,960.00. Following the completion of the transaction, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. This represents a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.