MAS Advisors LLC Grows Stock Position in Mplx Lp (NYSE:MPLX)

MAS Advisors LLC lifted its stake in Mplx Lp (NYSE:MPLX) by 35.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,449 shares of the pipeline company’s stock after acquiring an additional 1,692 shares during the quarter. MAS Advisors LLC’s holdings in Mplx were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cedar Wealth Management LLC purchased a new stake in shares of Mplx during the 3rd quarter worth about $51,000. Geneos Wealth Management Inc. raised its holdings in Mplx by 56.3% in the 4th 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 during the period. Farther Finance Advisors LLC boosted its position in Mplx by 393.0% during 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 in the last quarter. Archford Capital Strategies LLC acquired a new stake in Mplx in the fourth quarter valued at approximately $200,000. Finally, Panoramic Investment Advisors LLC purchased a new stake in shares of Mplx in the fourth quarter valued at approximately $200,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Stock Performance

NYSE MPLX opened at $52.45 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The stock’s fifty day moving average is $49.43 and its two-hundred day moving average is $45.85. The firm has a market capitalization of $53.44 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.42. Mplx Lp has a fifty-two week low of $37.04 and a fifty-two week high of $53.55.

Mplx (NYSE:MPLX) last announced its quarterly 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 36.77% and a return on equity of 32.70%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that Mplx Lp will post 4.18 earnings per share for the current year.

Mplx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.9565 per share. The ex-dividend date is 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 is currently 90.33%.

Insider Activity

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $47.24, for a total transaction of $188,960.00. Following the completion of the transaction, the vice president now owns 14,750 shares of the company’s stock, valued at $696,790. This trade represents a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. 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 note on Monday, January 13th. UBS Group boosted their target price on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America initiated coverage on shares of Mplx in a research note on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price target on the stock. Truist Financial boosted their price objective on Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price on Mplx from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.50.

About Mplx

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.