Mplx Lp (NYSE:MPLX) Stock Holdings Increased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its holdings in Mplx Lp (NYSE:MPLX) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 486,257 shares of the pipeline company’s stock after purchasing an additional 5,808 shares during the quarter. Mplx makes up 0.8% of Chicago Partners Investment Group LLC’s portfolio, making the stock its 28th largest holding. Chicago Partners Investment Group LLC’s holdings in Mplx were worth $23,574,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MPLX. Cedar Wealth Management LLC acquired a new position in Mplx during the 3rd quarter valued at about $51,000. Geneos Wealth Management Inc. raised its holdings in 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. Farther Finance Advisors LLC lifted its position in Mplx by 393.0% in the third quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock worth $153,000 after purchasing an additional 2,751 shares during the period. Archford Capital Strategies LLC acquired a new position in shares of Mplx during the 4th quarter valued at $200,000. Finally, Zhang Financial LLC bought a new stake in shares of Mplx in the 3rd quarter worth $202,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MPLX. UBS Group lifted their target price on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 27th. Bank of America assumed coverage on Mplx in a report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price target on the stock. Truist Financial upped their target price on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Barclays upped their price objective 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. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Mplx currently has an average rating of “Moderate Buy” and a consensus target price of $50.50.

Mplx Price Performance

Shares of MPLX opened at $52.03 on Friday. The business’s 50-day moving average is $49.34 and its 200-day moving average is $45.67. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market capitalization of $53.01 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 2.31 and a beta of 1.43. Mplx Lp has a fifty-two week low of $37.04 and a fifty-two week high of $53.55.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.04). The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Mplx had a return on equity of 32.70% and a net margin of 36.77%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. Equities research analysts expect that Mplx Lp will post 4.18 EPS for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.9565 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.35%. Mplx’s dividend payout ratio (DPR) is presently 90.33%.

Insiders Place Their Bets

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $47.24, for a total value of $188,960.00. Following the completion of the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. This represents a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.