Secure Asset Management LLC Has $264,000 Stake in Mplx Lp (NYSE:MPLX)

Secure Asset Management LLC grew its stake in Mplx Lp (NYSE:MPLX) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,511 shares of the pipeline company’s stock after buying an additional 459 shares during the period. Secure Asset Management LLC’s holdings in Mplx were worth $264,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cedar Wealth Management LLC acquired a new stake in Mplx in the 3rd quarter worth approximately $51,000. Farther Finance Advisors LLC lifted its stake in shares of Mplx by 393.0% in the third quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock worth $153,000 after buying an additional 2,751 shares during the last quarter. Marcum Wealth LLC acquired a new stake in shares of Mplx in the fourth quarter worth $205,000. Zhang Financial LLC bought a new stake in shares of Mplx during the 3rd quarter worth $202,000. Finally, Alpha Cubed Investments LLC acquired a new position in Mplx in the 3rd quarter valued at $204,000. Institutional investors own 24.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America initiated coverage on shares of Mplx in a report on Thursday, October 17th. They set an “underperform” rating and a $43.00 price target for the company. Barclays increased their target price on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. UBS Group lifted 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. Royal Bank of Canada increased their price objective on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Truist Financial boosted their target price on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mplx currently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

Insider Buying and Selling at Mplx

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $47.24, for a total transaction of $188,960.00. Following the completion of the sale, the vice president now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mplx Trading Up 0.0 %

Shares of Mplx stock opened at $51.90 on Friday. Mplx Lp has a 52-week low of $37.04 and a 52-week high of $53.15. The firm has a market capitalization of $52.87 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The company’s fifty day moving average price is $49.02 and its two-hundred day moving average price is $45.40.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.04). Mplx had a return on equity of 32.70% and a net margin of 36.77%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the business earned $0.89 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that Mplx Lp will post 4.18 EPS for the current year.

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.9565 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.37%. Mplx’s dividend payout ratio is currently 90.33%.

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.