Mplx Lp (NYSE:MPLX) is Heronetta Management L.P.’s 3rd Largest Position

Heronetta Management L.P. lowered its position in shares of Mplx Lp (NYSE:MPLX) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 355,564 shares of the pipeline company’s stock after selling 2,800 shares during the quarter. Mplx accounts for about 11.0% of Heronetta Management L.P.’s holdings, making the stock its 3rd biggest holding. Heronetta Management L.P.’s holdings in Mplx were worth $17,017,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MPLX. PFG Investments LLC lifted its position in shares of Mplx by 38.5% in the 4th 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 lifted its position in shares of Mplx by 479.6% in the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock worth $7,351,000 after purchasing an additional 127,100 shares during the period. MML Investors Services LLC lifted its position in shares of Mplx by 387.5% in the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after purchasing an additional 18,714 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Mplx by 7.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock worth $6,647,000 after purchasing an additional 10,000 shares during the period. Finally, ING Groep NV lifted its position in shares of Mplx by 69.8% in the 3rd quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock worth $294,699,000 after purchasing an additional 2,725,000 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Up 0.2 %

NYSE:MPLX opened at $53.17 on Thursday. The firm has a market cap of $54.17 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.69 and a beta of 1.42. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. Mplx Lp has a fifty-two week low of $39.56 and a fifty-two week high of $54.79. The firm has a 50-day simple moving average of $51.46 and a two-hundred day simple moving average of $47.56.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. Mplx’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. Analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 7.20%. Mplx’s payout ratio is 90.74%.

Wall Street Analyst Weigh In

MPLX has been the subject of several research analyst reports. StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday. UBS Group lifted their price target on shares of Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Truist Financial lifted their price target on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays lifted their price target on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Raymond James lifted their price target on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.11.

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.