Private Wealth Partners LLC Acquires 48,400 Shares of Mplx Lp (NYSE:MPLX)

Private Wealth Partners LLC lifted its holdings in Mplx Lp (NYSE:MPLX) by 420.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,900 shares of the pipeline company’s stock after acquiring an additional 48,400 shares during the period. Private Wealth Partners LLC’s holdings in Mplx were worth $2,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPLX. Captrust Financial Advisors lifted its stake in shares of Mplx by 0.4% in the 3rd quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company’s stock valued at $2,689,000 after purchasing an additional 231 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in Mplx by 1.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 19,701 shares of the pipeline company’s stock worth $876,000 after buying an additional 268 shares during the last quarter. Cherry Creek Investment Advisors Inc. boosted its stake in Mplx by 2.0% during the third quarter. Cherry Creek Investment Advisors Inc. now owns 14,204 shares of the pipeline company’s stock worth $632,000 after buying an additional 279 shares during the period. FORA Capital LLC increased its position in Mplx by 2.2% during the third quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company’s stock valued at $681,000 after acquiring an additional 332 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of 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 acquiring an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James increased their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. 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 note on Monday, November 18th. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. Barclays lifted their target price on Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company upped their price target on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mplx presently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Mplx Stock Performance

Shares of Mplx stock opened at $53.76 on Thursday. Mplx Lp has a 12 month low of $38.44 and a 12 month high of $54.74. The stock’s fifty day moving average price is $50.24 and its 200-day moving average price is $46.67. The firm has a market cap of $54.77 billion, a P/E ratio of 12.77, a P/E/G ratio of 2.39 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 (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Mplx Lp will post 4.39 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued 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 yield of 7.12%. Mplx’s dividend payout ratio is currently 90.97%.

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.