Madison Park Capital Advisors LLC Takes $263,000 Position in Mplx Lp (NYSE:MPLX)

Madison Park Capital Advisors LLC acquired a new stake in Mplx Lp (NYSE:MPLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,500 shares of the pipeline company’s stock, valued at approximately $263,000.

Other large investors also recently made changes to their positions in the company. Cedar Wealth Management LLC acquired a new stake in shares of Mplx in the 3rd quarter valued at approximately $51,000. Farther Finance Advisors LLC raised its stake in Mplx by 393.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock valued at $153,000 after acquiring an additional 2,751 shares during the period. Marcum Wealth LLC bought a new stake in Mplx in the 4th quarter valued at $205,000. Zhang Financial LLC bought a new stake in Mplx in the 3rd quarter valued at $202,000. Finally, Alpha Cubed Investments LLC bought a new stake in Mplx in the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Insider Activity at Mplx

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

Analyst Ratings Changes

MPLX has been the topic of a number of research analyst reports. UBS Group increased their price target on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays increased their price target on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company increased their price target on Mplx from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Truist Financial increased their price objective on Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Bank of America initiated coverage on Mplx in a research report on Thursday, October 17th. They set an “underperform” rating and a $43.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.89.

Mplx Stock Up 2.8 %

Shares of NYSE MPLX opened at $52.57 on Wednesday. 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 $37.04 and a 52 week high of $52.76. The stock has a market capitalization of $53.55 billion, a P/E ratio of 12.40, a PEG ratio of 2.32 and a beta of 1.43. The stock’s fifty day moving average is $48.69 and its 200 day moving average is $45.24.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.04). Mplx had a return on equity of 32.70% and a net margin of 36.77%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts forecast that Mplx Lp will post 4.17 earnings per share for the current fiscal year.

Mplx Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.9565 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Mplx’s previous quarterly dividend of $0.85. This represents a $3.83 annualized dividend and a yield of 7.28%. Mplx’s dividend payout ratio (DPR) is 90.33%.

Mplx Company 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.