Winebrenner Capital Management LLC Acquires Shares of 5,628 Mplx Lp (NYSE:MPLX)

Winebrenner Capital Management LLC bought a new position in shares of Mplx Lp (NYSE:MPLX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,628 shares of the pipeline company’s stock, valued at approximately $269,000.

A number of other hedge funds also recently modified their holdings of the stock. Captrust Financial Advisors lifted its position in Mplx by 0.4% during the third quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company’s stock worth $2,689,000 after purchasing an additional 231 shares during the period. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Mplx by 1.4% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 19,701 shares of the pipeline company’s stock worth $876,000 after acquiring an additional 268 shares during the period. Cherry Creek Investment Advisors Inc. boosted its position in shares of Mplx by 2.0% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 14,489 shares of the pipeline company’s stock worth $693,000 after acquiring an additional 285 shares in the last quarter. FORA Capital LLC boosted its position in shares of Mplx by 2.2% during the 3rd quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company’s stock worth $681,000 after acquiring an additional 332 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in Mplx by 3.9% in the third quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock valued at $396,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Down 0.8 %

Shares of NYSE MPLX opened at $53.40 on Friday. The company has a 50 day simple moving average of $50.45 and a 200 day simple moving average of $46.77. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx Lp has a 1 year low of $38.44 and a 1 year high of $54.74. The firm has a market cap of $54.40 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.9565 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.16%. Mplx’s dividend payout ratio (DPR) is presently 90.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial raised their target price 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 objective on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada boosted their target price on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Raymond James raised their price target on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

Mplx Company 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.