Mather Group LLC. Makes New Investment in Mplx Lp (NYSE:MPLX)

Mather Group LLC. acquired a new position in shares of Mplx Lp (NYSE:MPLX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,222 shares of the pipeline company’s stock, valued at approximately $92,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. PSI Advisors LLC boosted its holdings in Mplx by 63.6% in the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. HBC Financial Services PLLC acquired a new position in Mplx in the 4th quarter valued at about $36,000. Fortitude Family Office LLC acquired a new position in Mplx in the 4th quarter valued at about $41,000. SouthState Corp acquired a new position in Mplx in the 4th quarter valued at about $51,000. Finally, Advantage Trust Co acquired a new position in Mplx in the 4th quarter valued at about $51,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on MPLX. Barclays boosted their target price on shares of Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 5th. JPMorgan Chase & Co. boosted their target price on shares of Mplx from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. UBS Group boosted their target price on shares of Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a report on Friday, April 12th. Truist Financial boosted their price target on shares of Mplx from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Mplx has an average rating of “Buy” and an average target price of $45.11.

Mplx Price Performance

MPLX stock opened at $41.45 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $42.12 billion, a PE ratio of 10.68, a P/E/G ratio of 2.06 and a beta of 1.35. Mplx Lp has a 12-month low of $33.12 and a 12-month high of $42.90. The business’s fifty day moving average price is $40.92 and its 200 day moving average price is $39.38.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.01). The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Mplx had a net margin of 34.96% and a return on equity of 31.70%. Mplx’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, sell-side analysts anticipate that Mplx Lp will post 4.01 EPS for the current year.

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, May 3rd were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, May 2nd. This represents a $3.40 annualized dividend and a yield of 8.20%. Mplx’s payout ratio is 87.63%.

About Mplx

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.