Steward Partners Investment Advisory LLC Has $2.58 Million Stock Position in Mplx Lp (NYSE:MPLX)

Steward Partners Investment Advisory LLC boosted its position in Mplx Lp (NYSE:MPLX - Free Report) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,827 shares of the pipeline company's stock after acquiring an additional 7,196 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Mplx were worth $2,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of Mplx by 0.4% during the 3rd 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 in the last quarter. GraniteShares Advisors LLC boosted its position in shares of Mplx by 0.5% in the fourth quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company's stock worth $2,462,000 after buying an additional 237 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in shares of 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 buying an additional 268 shares in the last quarter. Cherry Creek Investment Advisors Inc. raised its holdings in shares of Mplx by 2.0% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 14,489 shares of the pipeline company's stock valued at $693,000 after buying an additional 285 shares during the period. Finally, FORA Capital LLC lifted its position in 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 acquiring an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company's stock.

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Insider Activity

In other Mplx news, VP Shawn M. Lyon purchased 4,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $52.75 per share, with a total value of $211,000.00. Following the completion of the transaction, the vice president now owns 25,299 shares of the company's stock, valued at approximately $1,334,522.25. This represents a 18.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mplx Stock Performance

Shares of Mplx stock traded up $0.15 during trading on Tuesday, hitting $52.50. 1,878,153 shares of the stock were exchanged, compared to its average volume of 1,866,746. Mplx Lp has a 12 month low of $39.56 and a 12 month high of $54.79. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market cap of $53.49 billion, a PE ratio of 12.47, a P/E/G ratio of 1.69 and a beta of 1.40. The stock's fifty day moving average is $51.75 and its 200 day moving average is $47.81.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) 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 business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same period last year, the firm posted $1.10 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Mplx Lp will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given 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 7.29%. Mplx's dividend payout ratio (DPR) is presently 90.74%.

Analyst Ratings Changes

MPLX has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective 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 boosted their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Truist Financial boosted their price target on Mplx from $48.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Barclays increased their price target on Mplx from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Finally, Wells Fargo & Company boosted their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $53.10.

Mplx Company 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.