Level Four Advisory Services LLC Raises Stake in Mplx Lp $MPLX

Level Four Advisory Services LLC lifted its position in shares of Mplx Lp (NYSE:MPLX) by 169.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 17,813 shares of the pipeline company’s stock after buying an additional 11,204 shares during the period. Level Four Advisory Services LLC’s holdings in Mplx were worth $918,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Private Wealth Asset Management LLC acquired a new position in Mplx in the 2nd quarter valued at $26,000. Elevation Point Wealth Partners LLC acquired a new position in Mplx in the second quarter valued at $26,000. FSC Wealth Advisors LLC purchased a new position in Mplx during the second quarter worth about $29,000. EQ Wealth Advisors LLC acquired a new stake in Mplx in the 2nd quarter worth about $31,000. Finally, Blue Trust Inc. grew its holdings in Mplx by 509.0% in the 2nd quarter. Blue Trust Inc. now owns 609 shares of the pipeline company’s stock valued at $31,000 after buying an additional 509 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MPLX has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Royal Bank Of Canada increased their price target on shares of Mplx from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Stifel Nicolaus boosted their price objective on shares of Mplx from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Morgan Stanley upped their price objective on Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Zacks Research upgraded Mplx from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.33.

Mplx Price Performance

Mplx stock opened at $54.06 on Monday. The firm has a fifty day moving average of $50.94 and a 200-day moving average of $50.95. Mplx Lp has a 52-week low of $44.60 and a 52-week high of $54.87. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $54.98 billion, a P/E ratio of 11.45 and a beta of 0.56.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, November 4th. The pipeline company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.45. Mplx had a net margin of 37.61% and a return on equity of 34.14%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.16 billion. As a group, analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a $1.0765 dividend. This represents a $4.31 dividend on an annualized basis and a dividend yield of 8.0%. This is an increase from Mplx’s previous quarterly dividend of $0.96. The ex-dividend date was Friday, November 7th. Mplx’s payout ratio is 91.31%.

Mplx Company Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.