Mplx Lp (NYSE:MPLX) Shares Bought by Augustine Asset Management Inc.

Augustine Asset Management Inc. lifted its holdings in Mplx Lp (NYSE:MPLX - Free Report) by 140.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,080 shares of the pipeline company's stock after purchasing an additional 7,630 shares during the period. Augustine Asset Management Inc.'s holdings in Mplx were worth $626,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MPLX. Geneos Wealth Management Inc. increased its stake in shares of Mplx by 56.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company's stock worth $54,000 after buying an additional 409 shares during the period. Cedar Wealth Management LLC acquired a new stake in shares of Mplx in the 3rd quarter valued at $51,000. Crewe Advisors LLC acquired a new position in shares of Mplx during the fourth quarter worth $98,000. Farther Finance Advisors LLC increased its holdings in 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 buying an additional 2,751 shares during the last quarter. Finally, Archford Capital Strategies LLC acquired a new stake in Mplx in the fourth quarter valued at $200,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mplx

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $47.24, for a total value of $188,960.00. Following the sale, the vice president now owns 14,750 shares in the company, valued at $696,790. This represents a 21.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MPLX. Barclays increased their price objective on Mplx from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Wells Fargo & Company raised their price objective on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Raymond James upped their target price on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. UBS Group lifted their price target on shares of Mplx from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Truist Financial upped their price objective on shares of Mplx from $48.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.11.

Mplx Stock Performance

Shares of NYSE:MPLX traded up $0.18 on Friday, reaching $53.89. The company's stock had a trading volume of 1,749,230 shares, compared to its average volume of 1,927,670. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx Lp has a 52-week low of $38.22 and a 52-week high of $54.52. The stock's 50-day moving average is $49.99 and its two-hundred day moving average is $46.46. The stock has a market capitalization of $54.91 billion, a P/E ratio of 12.80, a PEG ratio of 2.38 and a beta of 1.42.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. As a group, sell-side analysts forecast that Mplx Lp will post 4.39 EPS for the current year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.9565 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a yield of 7.10%. Mplx's payout ratio is currently 90.97%.

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.