Bedel Financial Consulting Inc. Purchases New Holdings in Mplx Lp (NYSE:MPLX)

Bedel Financial Consulting Inc. purchased a new position in Mplx Lp (NYSE:MPLX - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,182 shares of the pipeline company's stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cedar Wealth Management LLC acquired a new position in shares of Mplx in the 3rd quarter worth approximately $51,000. Geneos Wealth Management Inc. lifted its stake in Mplx by 56.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company's stock valued at $54,000 after purchasing an additional 409 shares during the last quarter. Crewe Advisors LLC bought a new stake in Mplx during the fourth quarter worth approximately $98,000. Allworth Financial LP grew its position in Mplx by 25.1% in the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company's stock worth $134,000 after buying an additional 517 shares during the last quarter. Finally, Farther Finance Advisors LLC increased 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 buying an additional 2,751 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Stock Up 0.1 %

MPLX traded up $0.06 during midday trading on Wednesday, hitting $53.13. 1,174,725 shares of the company's stock traded hands, compared to its average volume of 1,837,719. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market cap of $54.13 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. Mplx Lp has a one year low of $39.56 and a one year high of $54.79. The stock's fifty day simple moving average is $51.36 and its 200-day simple moving average is $47.52.

Mplx (NYSE:MPLX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the business earned $1.10 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 7.20%. Mplx's payout ratio is 90.74%.

Wall Street Analysts Forecast Growth

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