7,608 Shares in Mplx Lp (NYSE:MPLX) Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new position in Mplx Lp (NYSE:MPLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,608 shares of the pipeline company's stock, valued at approximately $364,000.

Several other large investors have also bought and sold shares of MPLX. VSM Wealth Advisory LLC bought a new stake in Mplx during the fourth quarter worth about $31,000. Geneos Wealth Management Inc. grew its stake in shares of Mplx by 56.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company's stock worth $54,000 after buying an additional 409 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in Mplx during the 4th quarter valued at approximately $56,000. Crewe Advisors LLC bought a new position in Mplx during the 4th quarter valued at approximately $98,000. Finally, Allworth Financial LP raised its stake in Mplx by 25.1% during the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company's stock valued at $134,000 after buying an additional 517 shares during the last quarter. 24.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. 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. Barclays upped their price objective on Mplx from $52.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Royal Bank of Canada lifted their target price on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Raymond James upped their price target on Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, StockNews.com cut Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.00.

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Mplx Stock Up 2.7 %

Shares of MPLX stock traded up $1.31 during mid-day trading on Monday, hitting $49.50. The stock had a trading volume of 420,296 shares, compared to its average volume of 1,986,382. Mplx Lp has a 12-month low of $39.56 and a 12-month high of $54.87. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The firm's 50-day moving average is $52.52 and its two-hundred day moving average is $49.31. The firm has a market capitalization of $50.61 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11.

Mplx (NYSE:MPLX - Get Free Report) last issued 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. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. Mplx's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. On average, analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx's dividend payout ratio (DPR) is presently 90.74%.

Insiders Place Their Bets

In other Mplx news, VP Shawn M. Lyon acquired 4,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the purchase, the vice president now owns 25,299 shares in the company, valued at approximately $1,334,522.25. The trade was a 18.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.