Gladstone Institutional Advisory LLC Has $205,000 Stake in Mplx Lp (NYSE:MPLX)

Gladstone Institutional Advisory LLC decreased its stake in Mplx Lp (NYSE:MPLX) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,289 shares of the pipeline company’s stock after selling 440 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Mplx were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Augustine Asset Management Inc. lifted its stake in Mplx by 140.0% in the fourth quarter. Augustine Asset Management Inc. now owns 13,080 shares of the pipeline company’s stock valued at $626,000 after buying an additional 7,630 shares during the period. Focus Financial Network Inc. raised its position in shares of Mplx by 7.8% during the fourth quarter. Focus Financial Network Inc. now owns 5,558 shares of the pipeline company’s stock worth $266,000 after purchasing an additional 404 shares during the period. MADDEN SECURITIES Corp bought a new position in Mplx in the fourth quarter valued at approximately $240,000. Elser Financial Planning Inc bought a new position in Mplx in the fourth quarter valued at approximately $224,000. Finally, Wealthstar Advisors LLC bought a new position in Mplx in the fourth quarter valued at approximately $653,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MPLX shares. Barclays raised their price target on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Raymond James lifted their target price on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their target price on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada lifted their target price on 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 and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Mplx currently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Mplx Price Performance

Shares of NYSE MPLX opened at $53.89 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx Lp has a fifty-two week low of $38.22 and a fifty-two week high of $54.52. The stock has a market capitalization of $54.91 billion, a PE ratio of 12.80, a P/E/G ratio of 2.38 and a beta of 1.42. The business has a fifty day moving average price of $49.99 and a two-hundred day moving average price of $46.48.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. Mplx’s quarterly 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. As a group, equities analysts predict that Mplx Lp will post 4.39 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. Investors of record on Monday, February 3rd were issued 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 yield of 7.10%. Mplx’s dividend payout ratio is presently 90.97%.

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.