Mplx Lp (NYSE:MPLX) Stake Increased by Cascade Financial Partners LLC

Cascade Financial Partners LLC lifted its stake in Mplx Lp (NYSE:MPLX) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,627 shares of the pipeline company’s stock after acquiring an additional 420 shares during the quarter. Cascade Financial Partners LLC’s holdings in Mplx were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MPLX. PFG Investments LLC increased its position in 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 buying an additional 10,705 shares during the last quarter. Walnut Private Equity Partners LLC lifted its stake in shares of Mplx by 479.6% in the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after buying an additional 127,100 shares during the period. MML Investors Services LLC lifted its stake in shares of Mplx by 387.5% in the third quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock valued at $1,047,000 after buying an additional 18,714 shares during the period. Glenmede Trust Co. NA lifted its stake in Mplx by 7.2% during the third 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 stake in Mplx by 69.8% during the third 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. 24.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mplx

In related news, VP Shawn M. Lyon acquired 4,000 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the purchase, the vice president now directly owns 25,299 shares in the company, valued at approximately $1,334,522.25. The trade was a 18.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mplx Stock Performance

MPLX opened at $52.50 on Wednesday. Mplx Lp has a 12-month low of $39.56 and a 12-month high of $54.79. The stock has a market cap of $53.69 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.69 and a beta of 1.40. The business has a 50 day moving average of $51.84 and a 200-day moving average of $47.88. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

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

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid 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 dividend yield of 7.29%. Mplx’s dividend payout ratio (DPR) is currently 90.74%.

Analyst Ratings Changes

Several research firms have recently weighed in on MPLX. UBS Group raised their price objective on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company lifted their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Finally, Morgan Stanley boosted their price objective on shares of Mplx from $56.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.10.

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.