Marshall Investment Management LLC Makes New Investment in Mplx Lp (NYSE:MPLX)

Marshall Investment Management LLC bought a new position in Mplx Lp (NYSE:MPLX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,528 shares of the pipeline company's stock, valued at approximately $468,000.

Several other institutional investors have also modified their holdings of MPLX. Captrust Financial Advisors lifted 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 valued at $2,689,000 after acquiring an additional 231 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Mplx by 1.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 19,701 shares of the pipeline company's stock valued at $876,000 after purchasing an additional 268 shares during the period. Cherry Creek Investment Advisors Inc. lifted its stake in shares of Mplx by 2.0% in 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. FORA Capital LLC grew its holdings in shares of Mplx by 2.2% during 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 during the period. Finally, Fidelis Capital Partners LLC increased its position in shares of Mplx by 3.9% during the 3rd quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company's stock worth $396,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company's stock.

Mplx Stock Down 0.0 %

Shares of MPLX traded down $0.02 during midday trading on Wednesday, reaching $52.84. The stock had a trading volume of 1,614,532 shares, compared to its average volume of 1,837,175. The company has a market cap of $53.83 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.69 and a beta of 1.42. The company's fifty day simple moving average is $50.76 and its two-hundred day simple moving average is $47.10. Mplx Lp has a 1-year low of $38.44 and a 1-year high of $54.74. 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 (NYSE:MPLX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the business earned $1.10 EPS. Mplx's revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts expect that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 7.24%. Mplx's dividend payout ratio (DPR) is presently 90.74%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company upped their target price 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. StockNews.com upgraded shares of Mplx from a "buy" rating to a "strong-buy" rating in a report on Saturday. UBS Group increased their price objective on shares of Mplx from $51.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Truist Financial boosted their target price on Mplx from $48.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, Raymond James raised their price target on Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.