Mplx Lp (NYSE:MPLX) Holdings Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in Mplx Lp (NYSE:MPLX) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,568,200 shares of the pipeline company’s stock after acquiring an additional 17,900 shares during the period. Allianz Asset Management GmbH’s holdings in Mplx were worth $75,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPLX. Creative Planning raised its stake in Mplx by 45.4% during the 3rd quarter. Creative Planning now owns 51,508 shares of the pipeline company’s stock valued at $2,290,000 after purchasing an additional 16,076 shares during the period. Raymond James & Associates grew its holdings in shares of Mplx by 8.0% during the third quarter. Raymond James & Associates now owns 398,340 shares of the pipeline company’s stock valued at $17,710,000 after buying an additional 29,388 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Mplx by 153.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,000 shares of the pipeline company’s stock valued at $356,000 after buying an additional 4,842 shares during the period. Tectonic Advisors LLC lifted its stake in Mplx by 13.9% in the 3rd quarter. Tectonic Advisors LLC now owns 189,370 shares of the pipeline company’s stock worth $8,419,000 after acquiring an additional 23,086 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its position in Mplx by 14.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 26,052 shares of the pipeline company’s stock worth $1,158,000 after acquiring an additional 3,294 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Trading Down 0.8 %

Shares of NYSE:MPLX opened at $53.40 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $54.40 billion, a PE ratio of 12.68, a P/E/G ratio of 1.68 and a beta of 1.42. Mplx Lp has a 1 year low of $38.44 and a 1 year high of $54.74. The firm has a fifty day moving average price of $50.45 and a 200 day moving average price of $46.77.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The company 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 firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. Analysts expect that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 annualized dividend and a yield of 7.16%. Mplx’s dividend payout ratio (DPR) is presently 90.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James upped their target price on Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company upped 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 increased their target price on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Truist Financial boosted their price target on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Barclays increased their price objective on Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

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.