CFO4Life L.P. Invests $624,000 in Mplx Lp (NYSE:MPLX)

CFO4Life L.P. bought a new position in Mplx Lp (NYSE:MPLX – Get Rating) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,000 shares of the pipeline company’s stock, valued at approximately $624,000.

Several other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC grew its position in Mplx by 15.0% during the second quarter. Cetera Advisors LLC now owns 10,797 shares of the pipeline company’s stock valued at $315,000 after buying an additional 1,407 shares during the period. Rockefeller Capital Management L.P. grew its position in Mplx by 11.8% during the third quarter. Rockefeller Capital Management L.P. now owns 126,465 shares of the pipeline company’s stock valued at $3,795,000 after buying an additional 13,318 shares during the period. Adams Asset Advisors LLC grew its position in Mplx by 1.7% during the third quarter. Adams Asset Advisors LLC now owns 189,309 shares of the pipeline company’s stock valued at $5,681,000 after buying an additional 3,077 shares during the period. Penn Mutual Asset Management LLC grew its position in Mplx by 79.0% during the third quarter. Penn Mutual Asset Management LLC now owns 44,277 shares of the pipeline company’s stock valued at $1,329,000 after buying an additional 19,540 shares during the period. Finally, Bollard Group LLC grew its position in Mplx by 1.8% during the third quarter. Bollard Group LLC now owns 296,522 shares of the pipeline company’s stock valued at $8,899,000 after buying an additional 5,264 shares during the period. Institutional investors own 23.62% of the company’s stock.

Mplx Stock Performance

Shares of Mplx stock opened at $33.59 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $33.62 billion, a P/E ratio of 8.96 and a beta of 1.44. The business has a fifty day simple moving average of $34.51 and a two-hundred day simple moving average of $33.20. Mplx Lp has a 12 month low of $27.47 and a 12 month high of $35.49.

Mplx (NYSE:MPLX – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The pipeline company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.06). The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Mplx had a return on equity of 30.16% and a net margin of 33.96%. Mplx’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts forecast that Mplx Lp will post 3.47 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Monday, February 6th were given a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date of this dividend was Friday, February 3rd. Mplx’s dividend payout ratio (DPR) is 82.67%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MPLX. Wolfe Research upgraded shares of Mplx from a “peer perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Monday, January 9th. Raymond James raised their target price on shares of Mplx from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. Morgan Stanley lifted their price target on shares of Mplx from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, January 9th. Citigroup lifted their price target on shares of Mplx from $33.50 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, February 7th. Finally, JPMorgan Chase & Co. upgraded shares of Mplx from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $41.00 in a report on Tuesday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.50.

Mplx Profile

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MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.