Stablepoint Partners LLC Has $345,000 Position in Mplx Lp (NYSE:MPLX)

Stablepoint Partners LLC grew its holdings in Mplx Lp (NYSE:MPLX) by 12.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,203 shares of the pipeline company’s stock after acquiring an additional 800 shares during the period. Stablepoint Partners LLC’s holdings in Mplx were worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cedar Wealth Management LLC bought a new stake in Mplx in the third quarter valued at about $51,000. Geneos Wealth Management Inc. raised its holdings in shares of Mplx by 56.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after buying an additional 409 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 2,751 shares during the period. Archford Capital Strategies LLC acquired a new stake in Mplx in the 4th quarter valued at $200,000. Finally, Zhang Financial LLC bought a new stake in Mplx in the third quarter valued at $202,000. 24.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on MPLX shares. Wells Fargo & Company lifted their price objective on Mplx from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Monday. Barclays lifted their target price on shares of 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 increased their price target on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, 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. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.89.

Insider Transactions at Mplx

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx 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 transaction, the vice president now owns 14,750 shares of the company’s stock, valued at $696,790. This trade represents a 21.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mplx Price Performance

Mplx stock opened at $51.90 on Monday. The business’s 50-day simple moving average is $49.02 and its 200 day simple moving average is $45.43. 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 stock has a market cap of $52.87 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 2.34 and a beta of 1.43. Mplx Lp has a 12-month low of $37.04 and a 12-month high of $53.15.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $1.01 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Mplx Lp will post 4.18 earnings per share for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date is Monday, February 3rd. Mplx’s dividend payout ratio (DPR) 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.