5,000 Shares in Mplx Lp (NYSE:MPLX) Bought by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. bought a new position in Mplx Lp (NYSE:MPLX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,000 shares of the pipeline company's stock, valued at approximately $239,000.

Several other large investors also recently made changes to their positions in the company. PFG Investments LLC raised its stake in shares of Mplx by 38.5% during the fourth quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company's stock valued at $1,843,000 after purchasing an additional 10,705 shares in the last quarter. Walnut Private Equity Partners LLC increased its stake in Mplx by 479.6% during the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company's stock valued at $7,351,000 after buying an additional 127,100 shares during the period. MML Investors Services LLC raised its position in shares of Mplx by 387.5% during the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company's stock worth $1,047,000 after buying an additional 18,714 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of 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 acquiring an additional 10,000 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of 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 acquiring an additional 19,320 shares during the period. Institutional investors and hedge funds own 24.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MPLX shares. Barclays boosted their target price on Mplx from $49.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. UBS Group boosted their price objective on Mplx from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Wells Fargo & Company raised their target price on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com cut shares of Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, Raymond James raised their price objective 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. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.11.

Mplx Trading Up 0.6 %

NYSE MPLX traded up $0.31 on Monday, hitting $54.22. 1,632,097 shares of the company were exchanged, compared to its average volume of 1,823,602. 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 Lp has a twelve month low of $39.01 and a twelve month high of $54.79. The firm has a market capitalization of $55.24 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. The company's 50 day moving average price is $51.14 and its 200-day moving average price is $47.35.

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

Mplx Dividend Announcement

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 was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.06%. Mplx's dividend payout ratio is 90.74%.

About Mplx

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.