FourThought Financial Partners LLC Boosts Holdings in Mplx Lp (NYSE:MPLX)

FourThought Financial Partners LLC raised its stake in shares of Mplx Lp (NYSE:MPLX) by 12.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 35,003 shares of the pipeline company’s stock after buying an additional 3,867 shares during the period. FourThought Financial Partners LLC’s holdings in Mplx were worth $1,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. PSI Advisors LLC boosted its holdings in Mplx by 63.6% during the fourth quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock worth $33,000 after buying an additional 350 shares in the last quarter. JFS Wealth Advisors LLC acquired a new stake in shares of Mplx during the 3rd quarter valued at about $33,000. HBC Financial Services PLLC purchased a new position in shares of Mplx in the 4th quarter valued at about $36,000. Fortitude Family Office LLC acquired a new position in Mplx in the 4th quarter worth about $41,000. Finally, Rational Advisors LLC purchased a new position in Mplx during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MPLX. UBS Group lifted their price target on shares of Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial upped their price target on shares of Mplx from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus lifted their price objective on Mplx from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays raised their target price on Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.11.

Mplx Price Performance

Shares of NYSE:MPLX traded up $0.02 during midday trading on Friday, hitting $41.12. The company had a trading volume of 1,258,763 shares, compared to its average volume of 2,418,397. Mplx Lp has a twelve month low of $33.12 and a twelve month high of $42.90. The stock has a market cap of $41.56 billion, a price-to-earnings ratio of 10.60 and a beta of 1.35. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.72 and a quick ratio of 1.01. The business’s 50-day simple moving average is $40.80 and its 200-day simple moving average is $38.21.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.89 billion. Mplx had a return on equity of 31.70% and a net margin of 34.96%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.91 earnings per share. On average, research analysts predict that Mplx Lp will post 4.06 earnings per share for the current year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, May 3rd will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $3.40 annualized dividend and a yield of 8.27%. Mplx’s payout ratio is 87.63%.

Mplx Company Profile

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.