Mplx Lp (NYSE:MPLX) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in Mplx Lp (NYSE:MPLX) by 5.6% in the 4th quarter, HoldingsChannel reports. The firm owned 57,424 shares of the pipeline company’s stock after purchasing an additional 3,025 shares during the period. Atria Wealth Solutions Inc.’s holdings in Mplx were worth $2,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cedar Wealth Management LLC acquired a new stake in shares of Mplx during the third quarter worth $51,000. Geneos Wealth Management Inc. boosted its stake in Mplx by 56.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after buying an additional 409 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Mplx in the 4th quarter valued at about $98,000. Allworth Financial LP increased its stake in shares of Mplx by 25.1% during the 4th quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock valued at $134,000 after acquiring an additional 517 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Mplx by 393.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock worth $153,000 after acquiring an additional 2,751 shares during the period. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MPLX shares. Royal Bank of Canada boosted their target price on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Raymond James upped their price objective on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Truist Financial lifted their target price on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company boosted their price target on Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

Mplx Trading Down 0.8 %

Shares of MPLX opened at $53.40 on Friday. Mplx Lp has a 12 month low of $38.44 and a 12 month high of $54.74. The stock’s 50-day moving average is $50.45 and its two-hundred day moving average is $46.77. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market cap 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 (NYSE:MPLX) last announced its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $3.06 billion for 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 company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. Equities analysts forecast that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.9565 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.16%. Mplx’s dividend payout ratio (DPR) is presently 90.97%.

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.