Mcdonald Partners LLC Has $863,000 Stake in Mplx Lp (NYSE:MPLX)

Mcdonald Partners LLC increased its stake in Mplx Lp (NYSE:MPLX) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,037 shares of the pipeline company’s stock after acquiring an additional 614 shares during the quarter. Mcdonald Partners LLC’s holdings in Mplx were worth $863,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in Mplx by 56.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after acquiring an additional 409 shares in the last quarter. Cedar Wealth Management LLC acquired a new position in shares of Mplx during the third quarter worth approximately $51,000. Crewe Advisors LLC bought a new position in shares of Mplx in the 4th quarter worth $98,000. Allworth Financial LP grew its position in Mplx by 25.1% in the 4th quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock valued at $134,000 after purchasing an additional 517 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Mplx by 393.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock valued at $153,000 after purchasing an additional 2,751 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of MPLX opened at $53.89 on Tuesday. The stock has a 50 day moving average of $49.99 and a 200 day moving average of $46.51. The company has a market capitalization of $54.91 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 2.38 and a beta of 1.42. Mplx Lp has a 12 month low of $38.22 and a 12 month high of $54.52. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last announced its quarterly earnings data 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. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. As a group, sell-side analysts forecast that Mplx Lp will post 4.39 earnings per share for the current year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.9565 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a yield of 7.10%. Mplx’s dividend payout ratio (DPR) is presently 90.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MPLX shares. Wells Fargo & Company raised their price objective on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their price target on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Truist Financial lifted their price target on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Raymond James increased their price objective on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, UBS Group lifted their target price on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

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.