Counterpoint Mutual Funds LLC Makes New $1.10 Million Investment in Mplx Lp (NYSE:MPLX)

Counterpoint Mutual Funds LLC acquired a new position in shares of Mplx Lp (NYSE:MPLX - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,885 shares of the pipeline company's stock, valued at approximately $1,095,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of Mplx by 12.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 33,171 shares of the pipeline company's stock valued at $1,475,000 after buying an additional 3,550 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Mplx by 13.5% in the third quarter. Mutual of America Capital Management LLC now owns 48,333 shares of the pipeline company's stock valued at $2,149,000 after acquiring an additional 5,766 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of Mplx by 0.8% during the third quarter. Kayne Anderson Capital Advisors LP now owns 5,735,562 shares of the pipeline company's stock worth $255,003,000 after purchasing an additional 45,271 shares in the last quarter. MAI Capital Management lifted its holdings in shares of Mplx by 3.1% during the 3rd quarter. MAI Capital Management now owns 54,350 shares of the pipeline company's stock valued at $2,416,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Caprock Group LLC boosted its position in shares of Mplx by 29.8% in the 3rd quarter. Caprock Group LLC now owns 24,525 shares of the pipeline company's stock worth $1,090,000 after purchasing an additional 5,624 shares in the last quarter. Institutional investors own 24.25% of the company's stock.

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Insider Activity at Mplx

In related news, VP Shawn M. Lyon purchased 4,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $52.75 per share, with a total value of $211,000.00. Following the purchase, the vice president now owns 25,299 shares of the company's stock, valued at $1,334,522.25. The trade was a 18.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. 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 note on Thursday, February 6th. Morgan Stanley increased their price objective on shares of Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Raymond James boosted 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. Barclays lifted their price objective on shares of Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Finally, StockNews.com downgraded 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, one has given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Mplx currently has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Mplx Stock Performance

MPLX stock traded down $0.39 during trading on Friday, hitting $53.68. 5,142,755 shares of the company traded hands, compared to its average volume of 1,746,351. 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 1 year low of $39.56 and a 1 year high of $54.87. The stock's 50-day simple moving average is $52.60 and its 200 day simple moving average is $48.35. The company has a market cap of $54.89 billion, a PE ratio of 12.75, a P/E/G 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 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 firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same period in the previous year, the business posted $1.10 EPS. The business's revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect 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. 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 7.13%. The ex-dividend date was Monday, February 3rd. Mplx's dividend payout ratio (DPR) is presently 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.