Mplx Lp $MPLX Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lowered its stake in Mplx Lp (NYSE:MPLX) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,980 shares of the pipeline company’s stock after selling 89,411 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Mplx were worth $14,676,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Solstein Capital LLC acquired a new stake in Mplx in the third quarter worth about $25,000. EQ Wealth Advisors LLC acquired a new stake in Mplx in the fourth quarter worth about $32,000. Wiser Advisor Group LLC acquired a new stake in Mplx in the third quarter worth about $38,000. Groesbeck Investment Management Corp NJ acquired a new stake in Mplx in the fourth quarter worth about $49,000. Finally, WFA of San Diego LLC acquired a new stake in Mplx in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Price Performance

NYSE MPLX opened at $54.85 on Friday. The stock’s 50-day moving average price is $56.01 and its two-hundred day moving average price is $55.59. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.71. The company has a market cap of $55.66 billion, a PE ratio of 11.87, a PEG ratio of 5.30 and a beta of 0.49. Mplx Lp has a 1 year low of $47.80 and a 1 year high of $59.98.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, May 5th. The pipeline company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $3.09 billion. Mplx had a net margin of 36.38% and a return on equity of 32.74%. Mplx’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. On average, analysts predict that Mplx Lp will post 4.24 EPS for the current year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $1.0765 dividend. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Friday, May 8th. Mplx’s dividend payout ratio is 93.29%.

Analyst Ratings Changes

A number of brokerages have weighed in on MPLX. Zacks Research downgraded shares of Mplx from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. The Goldman Sachs Group upped their price target on shares of Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a report on Monday, April 20th. Truist Financial cut their price target on shares of Mplx from $67.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Wall Street Zen downgraded shares of Mplx from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Stifel Nicolaus upped 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, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

About Mplx

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.