Mplx Lp $MPLX Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its holdings in shares of Mplx Lp (NYSE:MPLX) by 52.2% in the fourth quarter, Holdings Channel reports. The firm owned 33,775 shares of the pipeline company’s stock after acquiring an additional 11,582 shares during the period. CWA Asset Management Group LLC’s holdings in Mplx were worth $1,803,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MPLX. NewEdge Advisors LLC raised its position in Mplx by 4.1% in the first quarter. NewEdge Advisors LLC now owns 24,049 shares of the pipeline company’s stock valued at $1,287,000 after purchasing an additional 939 shares during the period. Geode Capital Management LLC boosted its position in shares of Mplx by 6.6% in the second quarter. Geode Capital Management LLC now owns 16,557 shares of the pipeline company’s stock worth $853,000 after buying an additional 1,021 shares during the period. Creative Planning boosted its position in shares of Mplx by 2.2% in the second quarter. Creative Planning now owns 53,036 shares of the pipeline company’s stock worth $2,732,000 after buying an additional 1,133 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Mplx in the second quarter valued at about $211,000. Finally, Empowered Funds LLC acquired a new stake in shares of Mplx in the second quarter valued at about $3,627,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Raymond James Financial lowered Mplx from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Morgan Stanley increased their price objective on shares of Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. UBS Group lifted their price objective on shares of Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Wells Fargo & Company boosted their target price on shares of Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Finally, Stifel Nicolaus raised their price target on shares of Mplx from $57.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.88.

Mplx Trading Down 0.6%

NYSE:MPLX opened at $57.91 on Monday. The stock has a market cap of $58.79 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 5.29 and a beta of 0.56. Mplx Lp has a one year low of $44.60 and a one year high of $59.84. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.18 and a current ratio of 1.23. The business’s 50-day simple moving average is $56.94 and its 200 day simple moving average is $53.69.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. Mplx had a return on equity of 34.37% and a net margin of 37.79%.The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the firm earned $1.07 EPS. Mplx’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were given a dividend of $1.0765 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.4%. Mplx’s dividend payout ratio (DPR) is presently 89.42%.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.