Mplx Lp (NYSE:MPLX) Shares Purchased by Secure Asset Management LLC

Secure Asset Management LLC grew its stake in shares of Mplx Lp (NYSE:MPLX) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,511 shares of the pipeline company’s stock after buying an additional 459 shares during the period. Secure Asset Management LLC’s holdings in Mplx were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MPLX. Captrust Financial Advisors boosted its holdings in Mplx by 0.4% in the third quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company’s stock valued at $2,689,000 after acquiring an additional 231 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Mplx by 1.4% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 19,701 shares of the pipeline company’s stock valued at $876,000 after purchasing an additional 268 shares in the last quarter. Cherry Creek Investment Advisors Inc. grew its holdings in shares of Mplx by 2.0% during the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 14,204 shares of the pipeline company’s stock worth $632,000 after purchasing an additional 279 shares during the period. FORA Capital LLC increased its position in Mplx by 2.2% during the 3rd quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company’s stock worth $681,000 after purchasing an additional 332 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in Mplx by 3.9% in the third quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock valued at $396,000 after buying an additional 338 shares during the period. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Stock Performance

Shares of MPLX stock opened at $51.90 on Friday. The stock’s fifty day simple moving average is $49.02 and its 200-day simple moving average is $45.40. The company has a market capitalization of $52.87 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 2.34 and a beta of 1.43. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. Mplx Lp has a 1-year low of $37.04 and a 1-year high of $53.15.

Mplx (NYSE:MPLX) last issued its 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 business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.09 billion. Mplx had a net margin of 36.77% and a return on equity of 32.70%. Mplx’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. On average, sell-side analysts predict that Mplx Lp will post 4.18 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend is Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is currently 90.33%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MPLX. StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 19th. Truist Financial raised their price objective on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays upped their target price on Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Bank of America initiated coverage on Mplx in a report on Thursday, October 17th. They set an “underperform” rating and a $43.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on Mplx from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

Insider Activity

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’s 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 owns 14,750 shares of the company’s stock, valued at approximately $696,790. The trade was a 21.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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.