MADDEN SECURITIES Corp Invests $240,000 in Mplx Lp (NYSE:MPLX)

MADDEN SECURITIES Corp purchased a new position in Mplx Lp (NYSE:MPLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,017 shares of the pipeline company's stock, valued at approximately $240,000.

Other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC raised its position in Mplx by 38.5% in the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company's stock worth $1,843,000 after purchasing an additional 10,705 shares during the period. Walnut Private Equity Partners LLC raised its position in Mplx by 479.6% in the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company's stock worth $7,351,000 after purchasing an additional 127,100 shares during the period. MML Investors Services LLC raised its position in Mplx by 387.5% in the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company's stock worth $1,047,000 after purchasing an additional 18,714 shares during the period. Glenmede Trust Co. NA raised its position in Mplx by 7.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company's stock worth $6,647,000 after purchasing an additional 10,000 shares during the period. Finally, Catalyst Capital Advisors LLC raised its position in Mplx by 7.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 280,885 shares of the pipeline company's stock worth $12,488,000 after purchasing an additional 19,320 shares during the period. Institutional investors own 24.25% of the company's stock.

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Insider Buying and Selling

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $47.24, for a total transaction of $188,960.00. Following the sale, the vice president now owns 14,750 shares of the company's stock, valued at $696,790. The trade was a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Mplx Trading Up 0.3 %

Shares of MPLX traded up $0.18 during trading hours on Friday, reaching $53.89. 1,749,230 shares of the company traded hands, compared to its average volume of 1,872,871. The company's fifty day moving average price is $49.89 and its two-hundred day moving average price is $46.38. The company has a market capitalization of $54.91 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.42. 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 $38.22 and a 12 month high of $54.52.

Mplx (NYSE:MPLX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. Equities research analysts predict that Mplx Lp will post 4.39 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a yield of 7.10%. The ex-dividend date is Monday, February 3rd. Mplx's payout ratio is currently 90.97%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MPLX. Raymond James lifted 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. Royal Bank of Canada lifted their target price on shares of Mplx from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Bank of America began coverage on shares of Mplx in a research report on Thursday, October 17th. They issued an "underperform" rating and a $43.00 target price on the stock. Wells Fargo & Company boosted their price objective on shares of Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a research report 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 Friday. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.11.

Mplx 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.