Mplx Lp (NYSE:MPLX) Shares Purchased by CFO4Life Group LLC

CFO4Life Group LLC raised its holdings in shares of Mplx Lp (NYSE:MPLX) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,200 shares of the pipeline company’s stock after buying an additional 200 shares during the period. CFO4Life Group LLC’s holdings in Mplx were worth $919,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cedar Wealth Management LLC acquired a new position in shares of Mplx during the third quarter worth $51,000. Geneos Wealth Management Inc. lifted its position in shares of Mplx by 56.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 409 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Mplx during the fourth quarter worth $98,000. Allworth Financial LP lifted its position in shares of Mplx by 25.1% during the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock worth $134,000 after purchasing an additional 517 shares in the last quarter. Finally, Archford Capital Strategies LLC acquired a new position in shares of Mplx during the fourth quarter worth $200,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MPLX. Truist Financial boosted their target price on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley boosted their target price on shares of Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday. StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Barclays upped their price target on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company upped their price target on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.10.

Mplx Stock Up 1.1 %

MPLX stock opened at $53.08 on Thursday. 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 $39.56 and a 1-year high of $54.79. The firm has a fifty day moving average price of $51.95 and a two-hundred day moving average price of $47.91. The firm has a market cap of $54.27 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.69 and a beta of 1.40.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share 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 analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.9565 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.21%. Mplx’s payout ratio is 90.74%.

Insider Buying and Selling at Mplx

In other news, VP Shawn M. Lyon purchased 4,000 shares of the stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the transaction, the vice president now owns 25,299 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink.

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.