Prevail Innovative Wealth Advisors LLC Trims Stock Position in Mplx Lp (NYSE:MPLX)

Prevail Innovative Wealth Advisors LLC cut its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 93.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,159 shares of the pipeline company's stock after selling 73,633 shares during the quarter. Prevail Innovative Wealth Advisors LLC's holdings in Mplx were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC lifted its position in Mplx by 5,070.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company's stock valued at $46,797,000 after purchasing an additional 958,881 shares during the period. Raymond James Financial Inc. purchased a new stake in Mplx in the fourth quarter worth about $41,917,000. FMR LLC lifted its holdings in Mplx by 387.4% during the third quarter. FMR LLC now owns 823,467 shares of the pipeline company's stock valued at $36,611,000 after purchasing an additional 654,500 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Mplx by 368.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 188,057 shares of the pipeline company's stock worth $9,000,000 after purchasing an additional 147,872 shares in the last quarter. Finally, Walnut Private Equity Partners LLC lifted its holdings in shares of Mplx by 479.6% in the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company's stock worth $7,351,000 after buying an additional 127,100 shares in the last quarter. Institutional investors own 24.25% of the company's stock.

Analyst Upgrades and Downgrades

MPLX has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Morgan Stanley upped their target price on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Royal Bank of Canada increased their price target on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. Raymond James raised their target price on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. One research analyst has rated the stock with a sell rating, one has given a hold 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 a consensus target price of $54.00.

Insiders Place Their Bets

In other news, VP Shawn M. Lyon acquired 4,000 shares of Mplx stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the acquisition, the vice president now owns 25,299 shares of the company's stock, valued at $1,334,522.25. This trade represents a 18.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mplx Trading Down 2.3 %

Shares of NYSE MPLX traded down $1.26 during mid-day trading on Thursday, reaching $52.63. 1,014,191 shares of the company's stock were exchanged, compared to its average volume of 1,775,215. The firm has a market capitalization of $53.81 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.69 and a beta of 1.40. Mplx Lp has a 52-week low of $39.56 and a 52-week high of $54.87. The company's 50-day moving average is $53.17 and its 200-day moving average is $49.07. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99.

Mplx (NYSE:MPLX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm earned $1.10 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued 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 yield of 7.27%. Mplx's dividend payout ratio (DPR) is presently 90.74%.

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.