Advantage Trust Co Takes $51,000 Position in Mplx Lp (NYSE:MPLX)

Advantage Trust Co bought a new position in Mplx Lp (NYSE:MPLX) during the fourth quarter, Holdings Channel reports. The firm bought 1,400 shares of the pipeline company’s stock, valued at approximately $51,000.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in Mplx by 440.5% in the third quarter. Barclays PLC now owns 5,649,301 shares of the pipeline company’s stock worth $200,946,000 after purchasing an additional 4,604,066 shares during the last quarter. Alps Advisors Inc. increased its position in Mplx by 18.9% in the third quarter. Alps Advisors Inc. now owns 28,771,793 shares of the pipeline company’s stock worth $1,023,413,000 after buying an additional 4,579,152 shares during the last quarter. Invesco Ltd. raised its stake in shares of Mplx by 4.0% in the third quarter. Invesco Ltd. now owns 20,917,505 shares of the pipeline company’s stock valued at $744,036,000 after buying an additional 809,273 shares during the period. Citigroup Inc. lifted its position in shares of Mplx by 60.6% during the 3rd quarter. Citigroup Inc. now owns 2,028,514 shares of the pipeline company’s stock valued at $72,154,000 after buying an additional 765,618 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Mplx by 12.2% during the 3rd quarter. UBS Group AG now owns 5,869,436 shares of the pipeline company’s stock worth $208,776,000 after acquiring an additional 639,199 shares during the period. Institutional investors own 24.25% of the company’s stock.

Analysts Set New Price Targets

MPLX has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Truist Financial upped their target price on Mplx from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of Mplx from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Raymond James boosted their price objective on shares of Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Barclays increased their target price on shares of Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Mplx presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.11.

Mplx Stock Down 0.3 %

Shares of Mplx stock traded down $0.12 during trading on Thursday, hitting $41.65. The company’s stock had a trading volume of 1,647,558 shares, compared to its average volume of 2,157,559. Mplx Lp has a 52 week low of $33.12 and a 52 week high of $42.90. The company has a market capitalization of $42.09 billion, a PE ratio of 10.73 and a beta of 1.35. The company has a fifty day simple moving average of $41.01 and a two-hundred day simple moving average of $38.33. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.67 and a current ratio of 0.72.

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

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend is Thursday, May 2nd. Mplx’s payout ratio is 87.63%.

Mplx 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.