Chung Wu Investment Group LLC Takes $421,000 Position in Mplx Lp (NYSE:MPLX)

Chung Wu Investment Group LLC bought a new stake in Mplx Lp (NYSE:MPLX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,800 shares of the pipeline company's stock, valued at approximately $421,000.

Several other large investors have also recently added to or reduced their stakes in MPLX. Cedar Wealth Management LLC acquired a new position in shares of Mplx in the 3rd quarter valued at $51,000. Geneos Wealth Management Inc. raised its position in shares of Mplx by 56.3% in the 4th 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. Crewe Advisors LLC purchased a new position in shares of Mplx in the 4th quarter worth $98,000. Allworth Financial LP boosted its holdings in Mplx by 25.1% in the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company's stock valued at $134,000 after acquiring an additional 517 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Mplx by 393.0% during 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 during the period. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MPLX. Barclays lifted their price objective on Mplx from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. UBS Group lifted their price target on shares of Mplx from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their price objective on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Raymond James raised their target price on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, StockNews.com cut shares of Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Mplx currently has a consensus rating of "Moderate Buy" and an average target price of $52.11.

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Mplx Stock Down 0.7 %

MPLX stock traded down $0.37 during trading on Monday, reaching $52.33. The stock had a trading volume of 1,747,191 shares, compared to its average volume of 1,866,482. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average price of $51.66 and a 200 day moving average price of $47.74. The company has a market capitalization of $53.31 billion, a P/E ratio of 12.43, a PEG ratio of 1.69 and a beta of 1.40. Mplx Lp has a 1-year low of $39.56 and a 1-year high of $54.79.

Mplx (NYSE:MPLX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $3.07 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx's payout ratio is currently 90.74%.

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.