Oxbow Advisors LLC Has $19.08 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

Oxbow Advisors LLC lessened its holdings in shares of Mplx Lp (NYSE:MPLX) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 398,702 shares of the pipeline company’s stock after selling 992 shares during the quarter. Mplx makes up 2.2% of Oxbow Advisors LLC’s portfolio, making the stock its 7th largest holding. Oxbow Advisors LLC’s holdings in Mplx were worth $19,082,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cedar Wealth Management LLC purchased a new position in shares of Mplx during the 3rd quarter worth $51,000. Geneos Wealth Management Inc. boosted its stake 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 last quarter. Crewe Advisors LLC purchased a new position in shares of Mplx during the 4th quarter worth $98,000. Allworth Financial LP boosted its stake in shares of Mplx by 25.1% during the 4th quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock worth $134,000 after acquiring an additional 517 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Mplx by 393.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock worth $153,000 after acquiring an additional 2,751 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

MPLX has been the topic of several analyst reports. Raymond James lifted their price target on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Truist Financial lifted their target price on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada lifted their target price on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Barclays lifted their target price on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, UBS Group lifted their target price on shares of Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mplx presently has an average rating of “Moderate Buy” and an average target price of $52.11.

Mplx Stock Down 0.8 %

Shares of MPLX stock opened at $53.40 on Friday. The stock has a market cap of $54.40 billion, a P/E ratio of 12.68, a PEG ratio of 1.69 and a beta of 1.42. Mplx Lp has a 52 week low of $38.44 and a 52 week high of $54.74. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The company’s fifty day simple moving average is $50.45 and its two-hundred day simple moving average is $46.77.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. Analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.16%. The ex-dividend date was Monday, February 3rd. Mplx’s payout ratio is currently 90.97%.

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.