Allworth Financial LP Has $134,000 Stake in Mplx Lp (NYSE:MPLX)

Allworth Financial LP boosted its holdings in Mplx Lp (NYSE:MPLX) by 25.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,576 shares of the pipeline company’s stock after purchasing an additional 517 shares during the quarter. Allworth Financial LP’s holdings in Mplx were worth $134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPLX. Geneos Wealth Management Inc. raised its position 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 valued at $54,000 after buying an additional 409 shares in the last quarter. Cedar Wealth Management LLC acquired a new position in Mplx in the 3rd quarter valued at approximately $51,000. Crewe Advisors LLC bought a new position in Mplx during the 4th quarter worth $98,000. Farther Finance Advisors LLC lifted its stake in shares of 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 acquiring an additional 2,751 shares during the period. Finally, Archford Capital Strategies LLC acquired a new position in shares of Mplx in the 4th quarter worth approximately $200,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Trading Down 0.8 %

MPLX opened at $53.40 on Monday. The stock has a market cap of $54.40 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.69 and a beta of 1.42. Mplx Lp has a one year low of $38.44 and a one year high of $54.74. The stock’s 50 day moving average price is $50.54 and its 200-day moving average price is $46.93. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 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 analyst estimates of $3.07 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 7.16%. Mplx’s payout ratio is currently 90.74%.

Analyst Ratings Changes

A number of research firms have issued reports on MPLX. Royal Bank of Canada increased their price target on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. UBS Group boosted their price objective on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Raymond James raised their price target on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Barclays boosted their price objective on Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Truist Financial increased their target price on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

About Mplx

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.