Oppenheimer Asset Management Inc. Has $1.62 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

Oppenheimer Asset Management Inc. increased its position in shares of Mplx Lp (NYSE:MPLX) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,834 shares of the pipeline company’s stock after buying an additional 663 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Mplx were worth $1,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFG Investments LLC raised its position in shares of Mplx by 38.5% during the fourth quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock worth $1,843,000 after purchasing an additional 10,705 shares during the period. Walnut Private Equity Partners LLC raised its holdings in Mplx by 479.6% during the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock worth $7,351,000 after buying an additional 127,100 shares during the last quarter. MML Investors Services LLC raised its holdings in Mplx by 387.5% during the third quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after buying an additional 18,714 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Mplx by 7.2% in the third quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock valued at $6,647,000 after buying an additional 10,000 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Mplx by 7.4% during the third quarter. Catalyst Capital Advisors LLC now owns 280,885 shares of the pipeline company’s stock valued at $12,488,000 after buying an additional 19,320 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company raised their target price on Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday. UBS Group raised their price objective on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Truist Financial lifted their price objective on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.11.

Mplx Trading Up 0.6 %

NYSE:MPLX opened at $54.22 on Tuesday. Mplx Lp has a 12 month low of $39.01 and a 12 month high of $54.79. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average is $51.27 and its 200 day moving average is $47.44. The stock has a market capitalization of $55.24 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42.

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

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.06%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is currently 90.74%.

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.