Pathway Financial Advisers LLC grew its stake in shares of Mplx Lp (NYSE:MPLX – Free Report) by 14.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,052 shares of the pipeline company’s stock after purchasing an additional 3,294 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Mplx were worth $1,158,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Mplx during the 1st quarter worth approximately $35,000. Crewe Advisors LLC acquired a new position in shares of Mplx during the 1st quarter worth approximately $41,000. CWM LLC increased its holdings in shares of Mplx by 73.3% during the 2nd quarter. CWM LLC now owns 1,066 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 451 shares during the last quarter. Summit Securities Group LLC increased its holdings in shares of Mplx by 450.0% during the 2nd quarter. Summit Securities Group LLC now owns 1,100 shares of the pipeline company’s stock worth $47,000 after acquiring an additional 900 shares during the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of Mplx during the 2nd quarter worth approximately $67,000. Institutional investors and hedge funds own 24.25% of the company’s stock.
Mplx Stock Performance
NYSE:MPLX opened at $44.37 on Thursday. The stock has a fifty day moving average price of $43.76 and a 200-day moving average price of $42.32. The company has a market cap of $45.09 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.21 and a beta of 1.37. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 0.99. Mplx Lp has a fifty-two week low of $35.06 and a fifty-two week high of $45.24.
Mplx Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be given a dividend of $0.9565 per share. This is an increase from Mplx’s previous quarterly dividend of $0.85. This represents a $3.83 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Friday, November 8th. Mplx’s dividend payout ratio is currently 87.63%.
Analyst Ratings Changes
MPLX has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Mplx from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. UBS Group boosted their target price on Mplx from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Bank of America assumed coverage on Mplx in a research note on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price target for the company. Finally, Barclays boosted their price target on Mplx from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.67.
Read Our Latest Stock Report on MPLX
About Mplx
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.
Featured Stories
- Five stocks we like better than Mplx
- P/E Ratio Calculation: How to Assess Stocks
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Most Volatile Stocks, What Investors Need to Know
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- The Risks of Owning Bonds
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Want to see what other hedge funds are holding MPLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mplx Lp (NYSE:MPLX – Free Report).
Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.