Mplx Lp (NYSE:MPLX) is Objectivity Squared LLC’s 10th Largest Position

Objectivity Squared LLC lifted its position in Mplx Lp (NYSE:MPLX) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,125 shares of the pipeline company’s stock after purchasing an additional 2,246 shares during the quarter. Mplx makes up 3.0% of Objectivity Squared LLC’s investment portfolio, making the stock its 10th biggest holding. Objectivity Squared LLC’s holdings in Mplx were worth $4,309,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price target on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Wells Fargo & Company upped their price objective on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Truist Financial lifted their target price on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. Finally, Raymond James raised their price objective on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.11.

Mplx Trading Up 0.6 %

Shares of MPLX opened at $52.65 on Monday. The firm’s 50-day moving average is $51.66 and its two-hundred day moving average is $47.74. Mplx Lp has a twelve month low of $39.56 and a twelve month high of $54.79. 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 firm has a market capitalization of $53.64 billion, a P/E ratio of 12.51, a PEG ratio of 1.69 and a beta of 1.40.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. On average, research analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.9565 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.27%. Mplx’s dividend payout ratio is presently 90.74%.

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.