Keybank National Association OH Grows Holdings in Mplx Lp (NYSE:MPLX)

Keybank National Association OH grew its stake in shares of Mplx Lp (NYSE:MPLX) by 5.9% in the fourth quarter, Holdings Channel reports. The firm owned 45,740 shares of the pipeline company’s stock after acquiring an additional 2,531 shares during the period. Keybank National Association OH’s holdings in Mplx were worth $2,189,000 at the end of the most recent quarter.

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

Mplx Trading Down 1.2 %

Mplx stock opened at $52.40 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market cap of $53.38 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. The stock has a 50-day moving average of $51.55 and a two-hundred day moving average of $47.59. Mplx Lp has a one year low of $39.56 and a one year high of $54.79.

Mplx (NYSE:MPLX) last announced its quarterly earnings data 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 firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. Mplx’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. On average, research analysts anticipate that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.9565 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.30%. Mplx’s payout ratio is currently 90.74%.

Analysts Set New Price Targets

MPLX has been the topic of several recent research reports. UBS Group increased their target price on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays lifted their price objective on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Truist Financial upped their target price on Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Finally, Raymond James upped their price objective on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Mplx currently has an average rating of “Moderate Buy” and an average target price of $52.11.

Mplx 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.