ArchPoint Investors Has $2.88 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

ArchPoint Investors boosted its position in Mplx Lp (NYSE:MPLX) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 60,218 shares of the pipeline company’s stock after acquiring an additional 714 shares during the period. Mplx makes up about 0.9% of ArchPoint Investors’ portfolio, making the stock its 25th largest position. ArchPoint Investors’ holdings in Mplx were worth $2,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in Mplx by 141.1% during the 4th quarter. FMR LLC now owns 1,985,181 shares of the pipeline company’s stock valued at $95,011,000 after purchasing an additional 1,161,714 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Mplx by 5,070.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company’s stock worth $46,797,000 after buying an additional 958,881 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mplx during the 4th quarter worth about $41,917,000. Oppenheimer & Co. Inc. grew its stake in Mplx by 368.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 188,057 shares of the pipeline company’s stock valued at $9,000,000 after buying an additional 147,872 shares during the last quarter. Finally, Walnut Private Equity Partners LLC raised its holdings in Mplx by 479.6% in the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after acquiring an additional 127,100 shares during the period. Institutional investors own 24.25% of the company’s stock.

Insiders Place Their Bets

In related news, VP Shawn M. Lyon bought 4,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $52.75 per share, with a total value of $211,000.00. Following the completion of the purchase, the vice president now owns 25,299 shares in the company, valued at $1,334,522.25. This represents a 18.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Mplx Trading Down 7.0 %

Shares of Mplx stock opened at $48.53 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Mplx Lp has a 12-month low of $39.56 and a 12-month high of $54.87. The company has a market capitalization of $49.62 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.69 and a beta of 1.11. The firm’s 50-day moving average price is $53.11 and its two-hundred day moving average price is $49.19.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business posted $1.10 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts forecast that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.88%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s dividend payout ratio is presently 90.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MPLX. Raymond James boosted 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. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Barclays lifted their target price on Mplx from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Wells Fargo & Company boosted their target price on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada raised their price target on shares of Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

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.