Mplx Lp (NYSE:MPLX) Stock Holdings Increased by PSI Advisors LLC

PSI Advisors LLC raised its holdings in shares of Mplx Lp (NYSE:MPLX) by 63.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900 shares of the pipeline company’s stock after acquiring an additional 350 shares during the period. PSI Advisors LLC’s holdings in Mplx were worth $33,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC bought a new stake in shares of Mplx in the 3rd quarter worth $33,000. HBC Financial Services PLLC bought a new stake in shares of Mplx in the 4th quarter worth $36,000. Fortitude Family Office LLC bought a new stake in shares of Mplx in the 4th quarter worth $41,000. Rational Advisors LLC acquired a new position in shares of Mplx in the 3rd quarter worth $43,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Mplx in the 4th quarter worth $54,000. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of NYSE MPLX opened at $40.85 on Monday. The business’s 50-day moving average price is $40.27 and its two-hundred day moving average price is $37.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.01. Mplx Lp has a one year low of $33.12 and a one year high of $42.89. The company has a market capitalization of $41.29 billion, a P/E ratio of 10.68 and a beta of 1.35.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, January 30th. The pipeline company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. Mplx had a return on equity of 31.85% and a net margin of 34.82%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts anticipate that Mplx Lp will post 4.11 earnings per share for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were paid a $0.85 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $3.40 dividend on an annualized basis and a yield of 8.32%. Mplx’s dividend payout ratio (DPR) is currently 89.24%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MPLX shares. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Royal Bank of Canada lifted their target price on Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Barclays lifted their target price on Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Raymond James lifted their price target on Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, UBS Group lifted their price target on Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mplx currently has a consensus rating of “Buy” and a consensus price target of $43.86.

Mplx Profile

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.