Crewe Advisors LLC Buys New Shares in Mplx Lp (NYSE:MPLX)

Crewe Advisors LLC bought a new stake in Mplx Lp (NYSE:MPLX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,052 shares of the pipeline company’s stock, valued at approximately $98,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Wealth Management LLC acquired a new position in shares of Mplx during the third quarter valued at about $51,000. Geneos Wealth Management Inc. raised 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 period. Farther Finance Advisors LLC raised its holdings in shares of Mplx by 393.0% during the third 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. Archford Capital Strategies LLC acquired a new position in shares of Mplx during the fourth quarter valued at about $200,000. Finally, Panoramic Investment Advisors LLC acquired a new position in shares of Mplx during the fourth quarter valued at about $200,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Trading Down 0.5 %

Shares of MPLX stock opened at $53.53 on Friday. Mplx Lp has a 52-week low of $37.47 and a 52-week high of $54.18. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The company has a 50-day simple moving average of $49.56 and a two-hundred day simple moving average of $45.97. The company has a market capitalization of $54.54 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 2.33 and a beta of 1.42.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Mplx had a net margin of 36.77% and a return on equity of 32.70%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts anticipate that Mplx Lp will post 4.18 EPS for the current fiscal year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date of this dividend is Monday, February 3rd. Mplx’s payout ratio is 90.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MPLX. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Barclays upped their price objective on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, January 13th. UBS Group boosted their target price on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Insiders Place Their Bets

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $47.24, for a total value of $188,960.00. Following the transaction, the vice president now directly owns 14,750 shares in the company, valued at $696,790. The trade was a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.