Three Seasons Wealth LLC Takes Position in Mplx Lp $MPLX

Three Seasons Wealth LLC bought a new position in shares of Mplx Lp (NYSE:MPLX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,528 shares of the pipeline company’s stock, valued at approximately $775,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPLX. Solstein Capital LLC bought a new position in Mplx in the 3rd quarter valued at about $25,000. Elevation Point Wealth Partners LLC bought a new stake in Mplx during the 2nd quarter worth approximately $26,000. FSC Wealth Advisors LLC purchased a new stake in shares of Mplx in the second quarter worth approximately $29,000. Operose Advisors LLC raised its stake in shares of Mplx by 216.2% in the second quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Finally, Caldwell Trust Co bought a new position in shares of Mplx in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MPLX shares. Weiss Ratings reiterated a “buy (a-)” rating on shares of Mplx in a report on Monday, December 29th. UBS Group raised their price objective on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Wall Street Zen raised shares of Mplx from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Truist Financial assumed coverage on shares of Mplx in a research note on Tuesday, March 24th. They issued a “buy” rating and a $67.00 target price for the company. Finally, Raymond James Financial downgraded shares of Mplx from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.56.

Mplx Stock Performance

MPLX stock opened at $57.00 on Wednesday. The firm has a market cap of $57.87 billion, a PE ratio of 11.83, a P/E/G ratio of 5.28 and a beta of 0.56. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average of $57.33 and a 200-day moving average of $54.07. Mplx Lp has a 12-month low of $44.60 and a 12-month high of $59.98.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. Mplx had a return on equity of 34.37% and a net margin of 37.79%.The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the company posted $1.07 earnings per share. Mplx’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were paid a dividend of $1.0765 per share. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Monday, February 9th. Mplx’s payout ratio is presently 89.21%.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.