Mutual of America Capital Management LLC Has $2.47 Million Stake in Mplx Lp (NYSE:MPLX)

Mutual of America Capital Management LLC boosted its holdings in Mplx Lp (NYSE:MPLX) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,505 shares of the pipeline company’s stock after purchasing an additional 3,172 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mplx were worth $2,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Wealth Management LLC purchased a new stake in shares of Mplx in the third quarter worth approximately $51,000. Geneos Wealth Management Inc. raised its position in 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 during the last quarter. Crewe Advisors LLC purchased a new stake in Mplx in the 4th quarter valued at $98,000. Allworth Financial LP lifted its stake in Mplx by 25.1% during the 4th quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock valued at $134,000 after acquiring an additional 517 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Mplx by 393.0% during the 3rd 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 last quarter. Institutional investors own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. Truist Financial increased their price target on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Barclays upped their price objective on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Mplx presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

Mplx Stock Performance

Shares of MPLX opened at $52.65 on Friday. 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 has a market cap of $53.64 billion, a PE ratio of 12.51, a PEG ratio of 1.69 and a beta of 1.40. Mplx Lp has a 1 year low of $39.56 and a 1 year high of $54.79. The stock’s fifty day moving average price is $51.66 and its two-hundred day moving average price is $47.66.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, equities research analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.9565 dividend. 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 7.27%. Mplx’s dividend payout ratio is 90.74%.

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.