Mplx Lp (NYSE:MPLX) Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,749 shares of the pipeline company's stock after buying an additional 5,164 shares during the quarter. Mplx makes up approximately 1.6% of Simplicity Wealth LLC's investment portfolio, making the stock its 11th biggest holding. Simplicity Wealth LLC's holdings in Mplx were worth $7,789,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in Mplx by 393.0% in the third quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company's stock valued at $153,000 after acquiring an additional 2,751 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Mplx by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 44,894 shares of the pipeline company's stock valued at $1,996,000 after acquiring an additional 1,338 shares in the last quarter. Van ECK Associates Corp boosted its stake in Mplx by 10.7% in the third quarter. Van ECK Associates Corp now owns 57,809 shares of the pipeline company's stock valued at $2,535,000 after acquiring an additional 5,569 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Mplx in the third quarter valued at approximately $922,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Mplx in the third quarter valued at approximately $229,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on MPLX. Morgan Stanley raised their target price on shares of Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday. StockNews.com downgraded shares of Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Raymond James lifted their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Truist Financial lifted their price objective 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. Finally, Royal Bank of Canada lifted their price objective on shares of Mplx from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $53.10.

Mplx Stock Performance

MPLX traded down $0.74 on Thursday, reaching $52.37. The stock had a trading volume of 1,421,899 shares, compared to its average volume of 1,849,552. Mplx Lp has a 12-month low of $39.56 and a 12-month high of $54.79. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The business's 50-day moving average price is $51.95 and its two-hundred day moving average price is $47.91. The company has a market cap of $53.54 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40.

Mplx (NYSE:MPLX - Get Free Report) last released its quarterly earnings data 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. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 7.31%. Mplx's payout ratio is 90.74%.

Insider Buying and Selling at Mplx

In related news, VP Shawn M. Lyon bought 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $52.75 per share, with a total value of $211,000.00. Following the completion of the purchase, the vice president now directly owns 25,299 shares of the company's stock, valued at approximately $1,334,522.25. This trade represents a 18.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

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.