5,017 Shares in Mplx Lp (NYSE:MPLX) Purchased by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp acquired a new position in Mplx Lp (NYSE:MPLX) during the 4th quarter, HoldingsChannel reports. The fund acquired 5,017 shares of the pipeline company’s stock, valued at approximately $240,000.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Mplx in the third quarter worth approximately $422,000. Valeo Financial Advisors LLC purchased a new position in Mplx in the 3rd quarter valued at $217,000. Inspire Investing LLC acquired a new stake in Mplx during the 3rd quarter worth $921,000. Redhawk Wealth Advisors Inc. grew its holdings in shares of Mplx by 7.6% during the third quarter. Redhawk Wealth Advisors Inc. now owns 7,197 shares of the pipeline company’s stock worth $320,000 after buying an additional 507 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Mplx in the third quarter valued at about $240,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. UBS Group boosted their target price on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada increased their price target on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Truist Financial upped their target price on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Insider Buying and Selling at Mplx

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $47.24, for a total value of $188,960.00. Following the completion of the transaction, the vice president now owns 14,750 shares of the company’s stock, valued at $696,790. This trade represents a 21.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Mplx Price Performance

Shares of MPLX opened at $53.67 on Tuesday. The firm has a 50-day simple moving average of $49.65 and a two-hundred day simple moving average of $46.13. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx Lp has a 1-year low of $37.78 and a 1-year high of $54.18. The stock has a market cap of $54.67 billion, a PE ratio of 12.75, a P/E/G ratio of 2.38 and a beta of 1.42.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.07 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Mplx Lp will post 4.39 EPS for the current year.

Mplx Dividend Announcement

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

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.