Mplx Lp (NYSE:MPLX) Stake Increased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC boosted its stake in Mplx Lp (NYSE:MPLX) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,262 shares of the pipeline company’s stock after acquiring an additional 14,377 shares during the period. Catalyst Capital Advisors LLC’s holdings in Mplx were worth $14,131,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MPLX. Cedar Wealth Management LLC bought a new stake in shares of Mplx during the 3rd quarter valued at about $51,000. Geneos Wealth Management Inc. grew its holdings in shares of Mplx by 56.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 409 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Mplx during the 4th quarter worth approximately $98,000. Allworth Financial LP lifted its holdings in shares of Mplx by 25.1% in the 4th quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock worth $134,000 after purchasing an additional 517 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Mplx by 393.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock valued at $153,000 after purchasing an additional 2,751 shares during the period. 24.25% of the stock is currently owned by institutional investors.

Mplx Trading Up 0.3 %

Shares of Mplx stock opened at $53.89 on Monday. The business has a fifty day simple moving average of $49.99 and a 200-day simple moving average of $46.48. Mplx Lp has a fifty-two week low of $38.22 and a fifty-two week high of $54.52. The firm has a market cap of $54.91 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.42. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The company 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%. Mplx’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. On average, equities analysts forecast that Mplx Lp will post 4.39 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently announced 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. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is presently 90.97%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MPLX shares. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research report on Friday. UBS Group lifted their price objective 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. Royal Bank of Canada boosted their target price on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Raymond James raised their price target on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Barclays boosted their price objective on Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

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.