Mplx Lp (NYSE:MPLX) Stock Position Increased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC raised its holdings in Mplx Lp (NYSE:MPLX - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 295,262 shares of the pipeline company's stock after acquiring an additional 14,377 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Mplx were worth $14,131,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning increased its holdings in Mplx by 45.4% during the 3rd quarter. Creative Planning now owns 51,508 shares of the pipeline company's stock valued at $2,290,000 after acquiring an additional 16,076 shares in the last quarter. Secure Asset Management LLC acquired a new position in shares of Mplx in the third quarter valued at approximately $225,000. Claro Advisors LLC boosted its position in Mplx by 52.2% during the third quarter. Claro Advisors LLC now owns 7,994 shares of the pipeline company's stock worth $355,000 after acquiring an additional 2,741 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in Mplx during the third quarter worth approximately $256,000. Finally, Raymond James & Associates raised its holdings in Mplx by 8.0% in the 3rd quarter. Raymond James & Associates now owns 398,340 shares of the pipeline company's stock valued at $17,710,000 after acquiring an additional 29,388 shares during the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MPLX shares. UBS Group lifted their price target on shares of Mplx from $51.00 to $55.00 and gave the company a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada raised their target price on shares of Mplx from $50.00 to $52.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Raymond James upped their price target 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 increased their target price on Mplx from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Truist Financial lifted their price target on shares of Mplx from $48.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $52.11.

Mplx Stock Performance

MPLX stock traded up $0.15 during trading on Thursday, hitting $53.88. 1,962,570 shares of the company's stock traded hands, compared to its average volume of 1,861,961. The stock has a market capitalization of $54.89 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.42. Mplx Lp has a 52 week low of $38.44 and a 52 week high of $54.74. The stock has a fifty day moving average price of $50.35 and a two-hundred day moving average price of $46.72. 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 (NYSE:MPLX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share 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 business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.07 billion. During the same period in the prior year, the firm earned $1.10 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued 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 7.10%. Mplx's dividend payout ratio (DPR) is presently 90.97%.

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.