Samalin Investment Counsel LLC Sells 1,301 Shares of Mplx Lp (NYSE:MPLX)

Samalin Investment Counsel LLC reduced its position in shares of Mplx Lp (NYSE:MPLX) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,821 shares of the pipeline company’s stock after selling 1,301 shares during the period. Mplx accounts for approximately 1.1% of Samalin Investment Counsel LLC’s holdings, making the stock its 18th biggest position. Samalin Investment Counsel LLC’s holdings in Mplx were worth $2,672,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MPLX. VSM Wealth Advisory LLC bought a new stake in shares of Mplx during the 4th quarter worth $31,000. Geneos Wealth Management Inc. boosted its holdings in Mplx by 56.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 409 shares during the period. Generali Asset Management SPA SGR bought a new stake in Mplx in the 4th quarter valued at $56,000. Crewe Advisors LLC bought a new stake in Mplx in the 4th quarter valued at $98,000. Finally, Allworth Financial LP boosted its holdings in Mplx by 25.1% in the 4th quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock valued at $134,000 after purchasing an additional 517 shares during the period. 24.25% of the stock is owned by institutional investors.

Mplx Trading Down 0.7 %

Shares of Mplx stock opened at $53.68 on Friday. The stock has a market capitalization of $54.89 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The company has a 50-day simple moving average of $52.71 and a 200 day simple moving average of $48.46. Mplx Lp has a 12-month low of $39.56 and a 12-month high of $54.87.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Research analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.13%. The ex-dividend date was Monday, February 3rd. Mplx’s payout ratio is presently 90.74%.

Analyst Ratings Changes

MPLX has been the subject of a number of research reports. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Wells Fargo & Company increased their price target on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays increased their price target on shares of Mplx from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Morgan Stanley raised their price objective on shares of Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Finally, Royal Bank of Canada raised their price objective on shares of Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Mplx presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Insider Buying and Selling at Mplx

In related news, VP Shawn M. Lyon acquired 4,000 shares of the stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the transaction, the vice president now owns 25,299 shares of the company’s stock, valued at $1,334,522.25. The trade was a 18.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

About Mplx

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.