Prevail Innovative Wealth Advisors LLC Sells 73,633 Shares of Mplx Lp (NYSE:MPLX)

Prevail Innovative Wealth Advisors LLC reduced its stake in shares of Mplx Lp (NYSE:MPLX) by 93.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,159 shares of the pipeline company’s stock after selling 73,633 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Mplx were worth $247,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. PFG Investments LLC raised its holdings in Mplx by 38.5% during the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock valued at $1,843,000 after buying an additional 10,705 shares during the last quarter. Walnut Private Equity Partners LLC raised its stake in shares of Mplx by 479.6% during the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after acquiring an additional 127,100 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Mplx by 387.5% during the third quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after purchasing an additional 18,714 shares during the period. Larson Financial Group LLC grew its stake in shares of Mplx by 9,134.1% in the fourth quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company’s stock worth $557,000 after purchasing an additional 11,509 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Mplx by 5.3% during the 3rd quarter. Stifel Financial Corp now owns 1,276,828 shares of the pipeline company’s stock valued at $56,768,000 after purchasing an additional 64,714 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of MPLX stock opened at $54.02 on Monday. The company has a market capitalization of $55.23 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. Mplx Lp has a one year low of $39.56 and a one year high of $54.87. The company’s 50-day moving average is $53.07 and its 200 day moving average is $48.89.

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. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. Sell-side analysts expect that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Monday, February 3rd. Mplx’s dividend payout ratio is currently 90.74%.

Insider Activity

In related news, VP Shawn M. Lyon bought 4,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the purchase, the vice president now owns 25,299 shares in the company, valued at approximately $1,334,522.25. This represents a 18.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

MPLX has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Raymond James raised their target price on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Morgan Stanley raised their price objective on shares of Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Barclays raised their target price on Mplx from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Finally, StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Mplx Company 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.