Citizens Financial Group Inc. RI purchased a new stake in Mplx Lp (NYSE:MPLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,568 shares of the pipeline company's stock, valued at approximately $362,000.
A number of other large investors have also recently bought and sold shares of the stock. Cedar Wealth Management LLC acquired a new stake in shares of Mplx during the third quarter worth approximately $51,000. Geneos Wealth Management Inc. grew its position in Mplx by 56.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company's stock worth $54,000 after acquiring an additional 409 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Mplx during the 4th quarter valued at $98,000. Allworth Financial LP raised its position in Mplx by 25.1% in the 4th quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company's stock valued at $134,000 after purchasing an additional 517 shares during the last quarter. Finally, Archford Capital Strategies LLC acquired a new position in Mplx in the fourth quarter worth $200,000. 24.25% of the stock is currently owned by institutional investors.
Mplx Price Performance
Shares of MPLX stock opened at $52.37 on Friday. 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 $54.79. The firm has a fifty day moving average of $52.02 and a 200-day moving average of $47.94. The firm has a market capitalization of $53.54 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40.
Mplx (NYSE:MPLX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The firm 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 company's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. On average, equities research analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.
Mplx Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued 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 7.31%. Mplx's dividend payout ratio (DPR) is currently 90.74%.
Analysts Set New Price Targets
MPLX has been the subject of a number of research analyst reports. StockNews.com cut Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. UBS Group boosted their target price 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. Raymond James increased their price objective on Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their target price on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upped their price target on Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.10.
Check Out Our Latest Report on MPLX
Insider Buying and Selling at Mplx
In other news, VP Shawn M. Lyon bought 4,000 shares of the stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the acquisition, the vice president now owns 25,299 shares in the company, valued at approximately $1,334,522.25. This trade represents a 18.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
About Mplx
(
Free Report)
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.
Further Reading
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