IFP Advisors Inc Has $421,000 Position in Mplx Lp (NYSE:MPLX)

IFP Advisors Inc lifted its position in shares of Mplx Lp (NYSE:MPLX) by 24.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,792 shares of the pipeline company’s stock after purchasing an additional 1,736 shares during the period. IFP Advisors Inc’s holdings in Mplx were worth $421,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MPLX. PFG Investments LLC boosted its holdings in Mplx by 38.5% in the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock valued at $1,843,000 after purchasing an additional 10,705 shares during the period. Walnut Private Equity Partners LLC increased its position in Mplx by 479.6% during the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock worth $7,351,000 after purchasing an additional 127,100 shares in the last quarter. MML Investors Services LLC increased its position in Mplx by 387.5% during the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after purchasing an additional 18,714 shares in the last quarter. Glenmede Trust Co. NA increased its position in Mplx by 7.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock worth $6,647,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in Mplx by 7.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 280,885 shares of the pipeline company’s stock valued at $12,488,000 after acquiring an additional 19,320 shares during the period. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Stock Performance

Shares of MPLX stock opened at $53.89 on Friday. The firm has a market cap of $54.90 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.69 and a beta of 1.42. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. Mplx Lp has a 52 week low of $38.44 and a 52 week high of $54.74. The firm’s 50-day simple moving average is $51.14 and its two-hundred day simple moving average is $47.31.

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, beating 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is presently 90.74%.

Analyst Ratings Changes

MPLX has been the subject of several recent research reports. StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday. UBS Group raised their price target on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company raised their price target on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. 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. Finally, Truist Financial boosted their price target on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

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.