Prevail Innovative Wealth Advisors LLC Has $247,000 Position in Mplx Lp (NYSE:MPLX)

Prevail Innovative Wealth Advisors LLC lessened its position in Mplx Lp (NYSE:MPLX) by 93.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,159 shares of the pipeline company’s stock after selling 73,633 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Mplx were worth $247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPLX. VSM Wealth Advisory LLC purchased a new stake in shares of Mplx during the fourth quarter valued at approximately $31,000. Geneos Wealth Management Inc. raised 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 purchasing an additional 409 shares during the period. Generali Asset Management SPA SGR purchased a new position in shares of Mplx in the 4th quarter worth about $56,000. Crewe Advisors LLC bought a new position in Mplx during the fourth quarter valued at about $98,000. Finally, Allworth Financial LP increased its holdings in Mplx by 25.1% during the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock worth $134,000 after buying an additional 517 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.

Insider Buying and Selling

In other news, VP Shawn M. Lyon bought 4,000 shares of Mplx stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $52.75 per share, with a total value of $211,000.00. Following the completion of the purchase, the vice president now directly owns 25,299 shares in the company, valued at $1,334,522.25. The trade was a 18.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Mplx Stock Performance

Mplx stock opened at $54.02 on Monday. Mplx Lp has a 1-year low of $39.56 and a 1-year high of $54.87. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $55.23 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. The firm’s 50 day simple moving average is $53.07 and its 200 day simple moving average is $48.89.

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. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Monday, February 3rd. Mplx’s payout ratio is 90.74%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MPLX shares. Wells Fargo & Company increased their target price on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley raised their target price on Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 11th. StockNews.com cut Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Royal Bank of Canada increased their price target on Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th. Finally, Barclays boosted their price objective on Mplx from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mplx presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Mplx 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.