Mplx Lp (NYSE:MPLX) Shares Acquired by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC raised its position in shares of Mplx Lp (NYSE:MPLX) by 325.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,663 shares of the pipeline company’s stock after purchasing an additional 94,628 shares during the period. Gilman Hill Asset Management LLC’s holdings in Mplx were worth $5,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC grew its stake in shares of Mplx by 2.8% in the fourth quarter. HB Wealth Management LLC now owns 25,435 shares of the pipeline company’s stock worth $1,217,000 after purchasing an additional 702 shares in the last quarter. Howard Financial Services LTD. increased its stake in Mplx by 50.0% during the 4th quarter. Howard Financial Services LTD. now owns 31,912 shares of the pipeline company’s stock valued at $1,527,000 after buying an additional 10,634 shares during the period. Shikiar Asset Management Inc. acquired a new position in Mplx during the 4th quarter valued at about $263,000. Marcum Wealth LLC acquired a new stake in shares of Mplx in the 4th quarter worth approximately $205,000. Finally, Brookstone Capital Management boosted its holdings in shares of Mplx by 14.1% in the fourth quarter. Brookstone Capital Management now owns 23,161 shares of the pipeline company’s stock valued at $1,108,000 after acquiring an additional 2,867 shares in the last quarter. Institutional investors own 24.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MPLX shares. UBS Group upped their price target on shares of Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America initiated coverage on Mplx in a report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price target on the stock. StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Truist Financial boosted their price objective on Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Barclays raised their price objective on shares of Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mplx has an average rating of “Moderate Buy” and an average price target of $49.89.

Mplx Trading Up 0.7 %

Shares of NYSE MPLX opened at $51.17 on Monday. The stock has a market cap of $52.13 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 2.81 and a beta of 1.43. The business has a 50 day simple moving average of $48.46 and a 200 day simple moving average of $45.11. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. Mplx Lp has a 52 week low of $36.79 and a 52 week high of $51.94.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.04). Mplx had a return on equity of 32.70% and a net margin of 36.77%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the company earned $0.89 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts predict that Mplx Lp will post 4.17 earnings per share for the current fiscal year.

Mplx Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a $0.9565 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.48%. This is a boost from Mplx’s previous quarterly dividend of $0.85. Mplx’s payout ratio is currently 90.09%.

Insider Transactions at Mplx

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $47.24, for a total transaction of $188,960.00. Following the completion of the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. This represents a 21.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.