Mplx Lp (NYSE:MPLX) Shares Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC raised its stake in Mplx Lp (NYSE:MPLX - Free Report) by 342.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,601 shares of the pipeline company's stock after purchasing an additional 19,809 shares during the period. HUB Investment Partners LLC's holdings in Mplx were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MPLX. CFO4Life Group LLC grew its position in shares of Mplx by 1.1% in the 4th quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company's stock worth $919,000 after buying an additional 200 shares during the last quarter. Captrust Financial Advisors grew its holdings in Mplx by 0.4% in the third quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company's stock worth $2,689,000 after purchasing an additional 231 shares during the last quarter. GraniteShares Advisors LLC increased its position in shares of Mplx by 0.5% during the fourth quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company's stock worth $2,462,000 after purchasing an additional 237 shares in the last quarter. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Mplx by 2.0% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 14,489 shares of the pipeline company's stock valued at $693,000 after purchasing an additional 285 shares during the last quarter. Finally, FORA Capital LLC boosted its position in shares of Mplx by 2.2% in the 3rd quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company's stock worth $681,000 after purchasing an additional 332 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

MPLX has been the subject of a number of research analyst reports. Raymond James increased their price target on Mplx from $55.00 to $60.00 and gave the company an "outperform" 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. Royal Bank of Canada boosted their target price on shares of Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Barclays raised their price target on shares of Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Finally, StockNews.com lowered shares of Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.00.

Mplx Stock Performance

Shares of Mplx stock traded down $0.55 during trading on Tuesday, hitting $53.34. 1,109,946 shares of the company's stock were exchanged, compared to its average volume of 1,747,815. Mplx Lp has a 52-week low of $39.56 and a 52-week high of $54.87. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $54.54 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.69 and a beta of 1.40. The business has a 50-day simple moving average of $52.81 and a 200-day simple moving average of $48.58.

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 (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The business 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 for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, research analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.9565 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.17%. Mplx's payout ratio is 90.74%.

Insider Activity

In other news, VP Shawn M. Lyon bought 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $52.75 per share, with a total value of $211,000.00. Following the purchase, the vice president now directly owns 25,299 shares in the company, valued at $1,334,522.25. The trade was a 18.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

About Mplx

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.