Householder Group Estate & Retirement Specialist LLC Has $31,000 Stock Holdings in Mplx Lp (NYSE:MPLX)

Householder Group Estate & Retirement Specialist LLC decreased its holdings in shares of Mplx Lp (NYSE:MPLX) by 27.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 650 shares of the pipeline company’s stock after selling 250 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Mplx were worth $31,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Marcum Wealth LLC bought a new position in Mplx during the 4th quarter worth $205,000. Brookstone Capital Management increased its position in Mplx by 14.1% during the 4th quarter. Brookstone Capital Management now owns 23,161 shares of the pipeline company’s stock worth $1,108,000 after buying an additional 2,867 shares during the period. International Assets Investment Management LLC bought a new position in Mplx during the 4th quarter worth $354,000. Fortem Financial Group LLC increased its position in Mplx by 14.2% during the 4th quarter. Fortem Financial Group LLC now owns 28,101 shares of the pipeline company’s stock worth $1,345,000 after buying an additional 3,501 shares during the period. Finally, CWA Asset Management Group LLC increased its position in Mplx by 1.8% during the 4th quarter. CWA Asset Management Group LLC now owns 21,120 shares of the pipeline company’s stock worth $1,011,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Performance

Mplx stock opened at $51.17 on Friday. Mplx Lp has a 12-month low of $36.79 and a 12-month high of $51.94. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $48.46 and its two-hundred day moving average price is $45.10. The stock has a market cap of $52.13 billion, a PE ratio of 12.07, a P/E/G ratio of 2.81 and a beta of 1.43.

Mplx (NYSE:MPLX) last released 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 business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that Mplx Lp will post 4.17 earnings per share for the current fiscal year.

Mplx Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.48%. This is a positive change from Mplx’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, November 8th. Mplx’s dividend payout ratio (DPR) is presently 90.33%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MPLX. Wells Fargo & Company increased their price objective 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 raised their price target on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Barclays raised their price target on Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. UBS Group raised their price target on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America assumed coverage on Mplx in a research report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Mplx presently has an average rating of “Moderate Buy” and an average price target of $49.89.

Insider Activity

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $47.24, for a total transaction of $188,960.00. Following the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. This trade represents a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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.