Mplx Lp (NYSE:MPLX) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in shares of Mplx Lp (NYSE:MPLX) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,580 shares of the pipeline company’s stock after acquiring an additional 11,164 shares during the period. Pacer Advisors Inc.’s holdings in Mplx were worth $3,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. increased its holdings in Mplx by 10.4% in the 2nd quarter. Sei Investments Co. now owns 57,144 shares of the pipeline company’s stock valued at $2,434,000 after purchasing an additional 5,404 shares during the last quarter. Creative Planning grew its stake in shares of Mplx by 33.9% in the second quarter. Creative Planning now owns 35,432 shares of the pipeline company’s stock valued at $1,509,000 after buying an additional 8,979 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Mplx by 23.4% in the 2nd quarter. NewEdge Advisors LLC now owns 24,540 shares of the pipeline company’s stock valued at $1,045,000 after buying an additional 4,660 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Mplx by 12.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,888 shares of the pipeline company’s stock worth $719,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Mplx by 4.8% during the 2nd quarter. Cetera Investment Advisers now owns 140,154 shares of the pipeline company’s stock valued at $5,969,000 after acquiring an additional 6,469 shares during the period. 24.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of the 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 completion of the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. This represents a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

MPLX has been the topic of a number of recent research reports. UBS Group boosted their price target 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. Truist Financial increased their target price on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Bank of America began coverage on Mplx in a research report on Thursday, October 17th. They set an “underperform” rating and a $43.00 price objective on the stock. Royal Bank of Canada lifted their target price on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Wells Fargo & Company upped their price target on Mplx from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Mplx has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Mplx Trading Down 2.5 %

NYSE:MPLX opened at $52.03 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. Mplx Lp has a 1 year low of $37.04 and a 1 year high of $53.55. The stock has a market cap of $53.01 billion, a P/E ratio of 12.27, a P/E/G ratio of 2.31 and a beta of 1.43. The stock has a 50-day simple moving average of $49.34 and a 200-day simple moving average of $45.67.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.04). The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Mplx had a net margin of 36.77% and a return on equity of 32.70%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. As a group, analysts anticipate that Mplx Lp will post 4.18 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.9565 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.35%. Mplx’s dividend payout ratio is presently 90.09%.

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.