MAS Advisors LLC Acquires 1,692 Shares of Mplx Lp (NYSE:MPLX)

MAS Advisors LLC lifted its holdings in Mplx Lp (NYSE:MPLX) by 35.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,449 shares of the pipeline company’s stock after buying an additional 1,692 shares during the quarter. MAS Advisors LLC’s holdings in Mplx were worth $309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Childress Capital Advisors LLC increased its stake in Mplx by 5.2% in the fourth quarter. Childress Capital Advisors LLC now owns 66,841 shares of the pipeline company’s stock worth $3,199,000 after purchasing an additional 3,284 shares during the period. Panoramic Investment Advisors LLC bought a new position in shares of Mplx in the fourth quarter worth about $200,000. Princeton Global Asset Management LLC increased its stake in Mplx by 4.8% in the 4th quarter. Princeton Global Asset Management LLC now owns 11,247 shares of the pipeline company’s stock worth $538,000 after buying an additional 512 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in Mplx by 4.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 484,683 shares of the pipeline company’s stock valued at $23,197,000 after buying an additional 20,504 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its position in Mplx by 13.0% in the 4th quarter. DAVENPORT & Co LLC now owns 67,836 shares of the pipeline company’s stock valued at $3,247,000 after buying an additional 7,808 shares during the period. 24.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. UBS Group increased their price target on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Truist Financial lifted their price objective on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their target price on shares of Mplx from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Mplx Stock Performance

Shares of Mplx stock opened at $52.45 on Wednesday. The company has a market capitalization of $53.44 billion, a PE ratio of 12.37, a P/E/G ratio of 2.33 and a beta of 1.42. The company has a 50-day simple moving average of $49.43 and a two-hundred day simple moving average of $45.85. Mplx Lp has a one year low of $37.04 and a one year high of $53.55. 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 (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a net margin of 36.77% and a return on equity of 32.70%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. Research analysts expect that Mplx Lp will post 4.18 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend is Monday, February 3rd. Mplx’s dividend payout ratio is presently 90.33%.

Insider Transactions at Mplx

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 14,750 shares in the company, valued at $696,790. This trade represents a 21.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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.