US Bancorp DE Acquires 13,709 Shares of Mplx Lp (NYSE:MPLX)

US Bancorp DE raised its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 25.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,977 shares of the pipeline company's stock after buying an additional 13,709 shares during the period. US Bancorp DE's holdings in Mplx were worth $3,206,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew 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 worth $153,000 after purchasing an additional 2,751 shares during the period. Janney Montgomery Scott LLC lifted its position in Mplx by 3.1% during the 3rd 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 during the period. Van ECK Associates Corp boosted its stake in Mplx by 10.7% during the third quarter. Van ECK Associates Corp now owns 57,809 shares of the pipeline company's stock worth $2,535,000 after acquiring an additional 5,569 shares in the last quarter. Avidian Wealth Enterprises LLC grew its holdings in Mplx by 34.7% in the third quarter. Avidian Wealth Enterprises LLC now owns 12,155 shares of the pipeline company's stock worth $540,000 after purchasing an additional 3,130 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of Mplx during the third quarter valued at approximately $922,000. Institutional investors own 24.25% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MPLX shares. Truist Financial upped 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. Royal Bank of Canada lifted their price target on Mplx from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. UBS Group increased their price objective on shares of Mplx from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Barclays lifted their target price on shares of Mplx from $49.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, Wells Fargo & Company increased their price target on shares of Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Mplx has a consensus rating of "Moderate Buy" and a consensus target price of $52.11.

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Mplx Stock Performance

Shares of Mplx stock traded down $0.37 during trading hours on Monday, reaching $52.33. 1,747,189 shares of the stock traded hands, compared to its average volume of 1,866,472. 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 Lp has a one year low of $39.56 and a one year high of $54.79. The firm has a market capitalization of $53.31 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.69 and a beta of 1.40. The company has a 50 day moving average price of $51.66 and a 200 day moving average price of $47.74.

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 for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. On average, equities research analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.9565 dividend. The ex-dividend date 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 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.