FourThought Financial Partners LLC Buys 14,262 Shares of Mplx Lp (NYSE:MPLX)

FourThought Financial Partners LLC raised its stake in shares of Mplx Lp (NYSE:MPLX) by 26.7% during the 4th quarter, Holdings Channel reports. The fund owned 67,635 shares of the pipeline company’s stock after purchasing an additional 14,262 shares during the period. FourThought Financial Partners LLC’s holdings in Mplx were worth $3,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Creative Planning raised its stake in shares of Mplx by 45.4% during the 3rd quarter. Creative Planning now owns 51,508 shares of the pipeline company’s stock valued at $2,290,000 after buying an additional 16,076 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Mplx by 153.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,000 shares of the pipeline company’s stock valued at $356,000 after acquiring an additional 4,842 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Mplx by 4.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 85,389 shares of the pipeline company’s stock valued at $3,796,000 after acquiring an additional 3,505 shares during the period. Fidelis Capital Partners LLC boosted its holdings in Mplx by 3.9% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock worth $396,000 after buying an additional 338 shares during the last quarter. Finally, Childress Capital Advisors LLC boosted its holdings in Mplx by 3.8% in the 3rd quarter. Childress Capital Advisors LLC now owns 63,557 shares of the pipeline company’s stock worth $2,826,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Price Performance

Shares of NYSE:MPLX opened at $53.16 on Tuesday. The company has a 50-day moving average price of $50.65 and a 200 day moving average price of $47.01. Mplx Lp has a 52 week low of $38.44 and a 52 week high of $54.74. 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 company has a market cap of $54.16 billion, a P/E ratio of 12.63, a PEG ratio of 1.69 and a beta of 1.42.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts predict that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.9565 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.20%. Mplx’s dividend payout ratio (DPR) is 90.74%.

Analyst Upgrades and Downgrades

MPLX has been the topic of several research analyst reports. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a report on Saturday. Royal Bank of Canada lifted their price objective on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company raised their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Barclays raised their target price on shares of Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Raymond James raised their target price on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. One 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

About Mplx

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.