Mplx Lp (NYSE:MPLX) Shares Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lifted its stake in shares of Mplx Lp (NYSE:MPLX) by 5,070.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 977,794 shares of the pipeline company’s stock after acquiring an additional 958,881 shares during the quarter. Strategic Financial Concepts LLC owned about 0.10% of Mplx worth $46,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in Mplx in the 2nd quarter worth about $826,000. SG Americas Securities LLC acquired a new position in shares of Mplx during the third quarter valued at about $422,000. Mather Group LLC. increased its position in shares of Mplx by 39.6% during the third quarter. Mather Group LLC. now owns 6,110 shares of the pipeline company’s stock valued at $272,000 after purchasing an additional 1,732 shares during the period. Daymark Wealth Partners LLC boosted its position in shares of Mplx by 13.5% during the 3rd quarter. Daymark Wealth Partners LLC now owns 34,908 shares of the pipeline company’s stock valued at $1,552,000 after acquiring an additional 4,149 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Mplx in the 3rd quarter worth approximately $217,000. 24.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MPLX has been the topic of a number of research analyst reports. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada upped their target price on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Bank of America initiated coverage on Mplx in a report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price target for the company. UBS Group boosted their target price on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.11.

Insider Buying and Selling

In other Mplx 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 transaction, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. The trade was a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mplx Trading Down 0.5 %

Shares of Mplx stock opened at $53.53 on Friday. The firm’s 50-day moving average price is $49.56 and its two-hundred day moving average price is $45.97. The company has a market capitalization of $54.54 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 2.33 and a beta of 1.42. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Mplx Lp has a 12-month low of $37.47 and a 12-month high of $54.18.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. Mplx had a return on equity of 32.70% and a net margin of 36.77%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. On average, analysts forecast that Mplx Lp will post 4.18 earnings per share for the current fiscal year.

Mplx Announces Dividend

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 paid a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date of this dividend is Monday, February 3rd. Mplx’s payout ratio is 90.33%.

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.