Mplx Lp (NYSE:MPLX) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its holdings in shares of Mplx Lp (NYSE:MPLX) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,213 shares of the pipeline company’s stock after purchasing an additional 1,187 shares during the quarter. Apollon Wealth Management LLC’s holdings in Mplx were worth $1,542,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cedar Wealth Management LLC acquired a new position in Mplx during the third quarter worth $51,000. Geneos Wealth Management Inc. raised its holdings in shares of Mplx by 56.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after acquiring an additional 409 shares during the period. Crewe Advisors LLC acquired a new position in shares of Mplx during the 4th quarter valued at about $98,000. Farther Finance Advisors LLC grew its holdings in shares of Mplx by 393.0% in the third quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock valued at $153,000 after purchasing an additional 2,751 shares during the period. Finally, Archford Capital Strategies LLC acquired a new stake in Mplx during the fourth quarter worth about $200,000. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Insider Activity at Mplx

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx 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 sale, the vice president now owns 14,750 shares of the company’s stock, valued at approximately $696,790. The trade was a 21.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MPLX. Truist Financial raised their price target on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Bank of America started coverage on Mplx in a report on Thursday, October 17th. They set an “underperform” rating and a $43.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada increased their target price on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.11.

Mplx Stock Up 0.9 %

Mplx stock opened at $53.67 on Tuesday. The stock has a 50-day simple moving average of $49.65 and a 200-day simple moving average of $46.13. The company has a market capitalization of $54.67 billion, a P/E ratio of 12.75, a PEG ratio of 2.38 and a beta of 1.42. 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 fifty-two week low of $37.78 and a fifty-two week high of $54.18.

Mplx (NYSE:MPLX) last posted its quarterly earnings data 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 business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. Equities research analysts expect that Mplx Lp will post 4.39 earnings per share for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.9565 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a yield of 7.13%. Mplx’s dividend payout ratio (DPR) is 90.97%.

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.