Atria Wealth Solutions Inc. Grows Holdings in Mplx Lp (NYSE:MPLX)

Atria Wealth Solutions Inc. boosted its holdings in shares of Mplx Lp (NYSE:MPLX) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 57,424 shares of the pipeline company’s stock after purchasing an additional 3,025 shares during the period. Atria Wealth Solutions Inc.’s holdings in Mplx were worth $2,748,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. ING Groep NV grew its holdings in shares of 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 buying an additional 2,725,000 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in Mplx by 5,070.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company’s stock worth $46,797,000 after acquiring an additional 958,881 shares during the period. FMR LLC grew its stake in shares of Mplx by 387.4% in the 3rd quarter. FMR LLC now owns 823,467 shares of the pipeline company’s stock valued at $36,611,000 after purchasing an additional 654,500 shares during the last quarter. Walnut Private Equity Partners LLC grew its position in Mplx by 479.6% in the 4th 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 last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in Mplx by 325.9% in the 4th quarter. Gilman Hill Asset Management LLC now owns 123,663 shares of the pipeline company’s stock valued at $5,919,000 after buying an additional 94,628 shares during the period. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Stock Down 0.8 %

MPLX opened at $53.40 on Friday. 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 company has a market cap of $54.40 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.68 and a beta of 1.42. Mplx Lp has a one year low of $38.44 and a one year high of $54.74. The business’s fifty day moving average is $50.45 and its two-hundred day moving average is $46.77.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping 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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.9565 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.16%. Mplx’s dividend payout ratio is presently 90.97%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MPLX. UBS Group increased their price target on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada increased their target price on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Raymond James lifted their price target on Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.11.

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.