Intrepid Capital Management Inc. Purchases Shares of 5,000 Mplx Lp (NYSE:MPLX)

Intrepid Capital Management Inc. bought a new position in shares of Mplx Lp (NYSE:MPLX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the pipeline company's stock, valued at approximately $239,000.

Several other hedge funds have also added to or reduced their stakes in MPLX. VSM Wealth Advisory LLC acquired a new position in shares of Mplx during the 4th quarter worth approximately $31,000. Geneos Wealth Management Inc. grew its position in Mplx by 56.3% during the fourth 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 in the last quarter. Generali Asset Management SPA SGR bought a new position in Mplx during the 4th quarter worth $56,000. Crewe Advisors LLC acquired a new position in Mplx in the 4th quarter valued at $98,000. Finally, Allworth Financial LP lifted its position in shares of Mplx by 25.1% during the 4th 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 period. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Trading Down 7.0 %

Shares of MPLX stock traded down $3.64 during mid-day trading on Friday, reaching $48.53. 6,052,575 shares of the stock traded hands, compared to its average volume of 1,792,991. The company has a market cap of $49.62 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock's fifty day simple moving average is $53.11 and its two-hundred day simple moving average is $49.16. Mplx Lp has a 1-year low of $39.56 and a 1-year high of $54.87.

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Mplx (NYSE:MPLX - Get Free Report) last posted its 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. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. On average, research analysts anticipate that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.9565 dividend. 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 7.88%. Mplx's dividend payout ratio (DPR) is presently 90.74%.

Insider Activity

In other news, VP Shawn M. Lyon acquired 4,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the transaction, the vice president now directly owns 25,299 shares in the company, valued at $1,334,522.25. This represents a 18.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank of Canada boosted their price target on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Raymond James boosted their target price on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Barclays increased their price target on shares of Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Wells Fargo & Company upped their target price on Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley lifted 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, March 11th. One 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.00.

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.