4,510 Shares in Mplx Lp (NYSE:MPLX) Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. acquired a new position in shares of Mplx Lp (NYSE:MPLX) during the fourth quarter, Holdings Channel.com reports. The fund acquired 4,510 shares of the pipeline company’s stock, valued at approximately $216,000.

A number of other institutional investors have also added to or reduced their stakes in MPLX. Cedar Wealth Management LLC purchased a new stake in Mplx during the 3rd quarter worth about $51,000. Geneos Wealth Management Inc. lifted its holdings in Mplx by 56.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 409 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Mplx during the 4th quarter worth about $98,000. Allworth Financial LP lifted its holdings in Mplx by 25.1% during 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 in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Mplx by 393.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock worth $153,000 after purchasing an additional 2,751 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of NYSE MPLX opened at $53.40 on Monday. The stock has a market cap of $54.40 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.69 and a beta of 1.42. 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 1-year low of $38.44 and a 1-year high of $54.74. The stock’s 50-day moving average is $50.54 and its 200 day moving average is $46.93.

Mplx (NYSE:MPLX) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. Mplx’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. On average, sell-side analysts anticipate that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 7.16%. Mplx’s payout ratio is 90.74%.

Analyst Ratings Changes

MPLX has been the topic of several recent analyst reports. UBS Group raised their price target on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. Truist Financial raised their price target on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays raised their price target on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company raised their price target on Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

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.