Fort Washington Investment Advisors Inc. OH Acquires 56,729 Shares of Mplx Lp $MPLX

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Mplx Lp (NYSE:MPLX) by 286.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,557 shares of the pipeline company’s stock after acquiring an additional 56,729 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Mplx were worth $4,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in MPLX. Norden Group LLC purchased a new stake in Mplx during the 4th quarter worth about $7,595,000. Stableford Capital II LLC purchased a new stake in shares of Mplx in the fourth quarter worth about $209,000. National Wealth Management Group LLC bought a new position in shares of Mplx in the fourth quarter valued at approximately $368,000. Silverberg Bernstein Capital Management LLC boosted its position in shares of Mplx by 6.2% in the fourth quarter. Silverberg Bernstein Capital Management LLC now owns 9,644 shares of the pipeline company’s stock valued at $515,000 after acquiring an additional 567 shares during the period. Finally, Fiduciary Financial Group LLC grew its stake in Mplx by 22.2% during the fourth quarter. Fiduciary Financial Group LLC now owns 8,085 shares of the pipeline company’s stock valued at $431,000 after acquiring an additional 1,467 shares in the last quarter. 24.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MPLX shares. Citigroup upped their target price on shares of Mplx from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. increased their price objective on Mplx from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Wall Street Zen raised Mplx from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Raymond James Financial cut Mplx from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Finally, Stifel Nicolaus upped their target price on Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.56.

Mplx Stock Performance

Mplx stock opened at $58.14 on Friday. Mplx Lp has a fifty-two week low of $44.60 and a fifty-two week high of $59.98. 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 stock has a market cap of $59.02 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 5.40 and a beta of 0.56. The firm’s fifty day moving average price is $57.28 and its 200-day moving average price is $53.93.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.07. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $3.23 billion. Mplx had a net margin of 37.79% and a return on equity of 34.37%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities research analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were issued a $1.0765 dividend. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Monday, February 9th. Mplx’s dividend payout ratio is presently 89.42%.

Mplx 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.