State of Wyoming Buys 5,398 Shares of Mplx Lp (NYSE:MPLX)

State of Wyoming grew its stake in Mplx Lp (NYSE:MPLX) by 368.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,864 shares of the pipeline company’s stock after acquiring an additional 5,398 shares during the quarter. State of Wyoming’s holdings in Mplx were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Mplx by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company’s stock worth $330,448,000 after purchasing an additional 266,998 shares in the last quarter. PFG Investments LLC increased its stake in Mplx by 38.5% during the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock worth $1,843,000 after purchasing an additional 10,705 shares in the last quarter. Bramshill Investments LLC increased its stake in Mplx by 71.4% during the 4th quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company’s stock worth $1,442,000 after purchasing an additional 12,556 shares in the last quarter. Walnut Private Equity Partners LLC increased its stake in Mplx by 479.6% during the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock worth $7,351,000 after purchasing an additional 127,100 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Mplx by 9,134.1% during the 4th quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company’s stock worth $557,000 after purchasing an additional 11,509 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 issued reports on MPLX shares. Wells Fargo & Company increased their target price on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley increased their target price on Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th. Royal Bank of Canada increased their target price on Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th. Raymond James upped their price target on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Barclays reduced their price target on Mplx from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.50.

Mplx Trading Down 1.3%

NYSE:MPLX opened at $50.72 on Thursday. Mplx Lp has a twelve month low of $39.95 and a twelve month high of $54.87. 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 business has a 50 day moving average price of $51.11 and a two-hundred day moving average price of $50.49. The company has a market cap of $51.77 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $3.15 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. As a group, analysts expect that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.54%. The ex-dividend date was Friday, May 9th. Mplx’s payout ratio is presently 88.22%.

Insider Activity

In related news, VP Shawn M. Lyon acquired 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $52.75 per share, with a total value of $211,000.00. Following the acquisition, the vice president now owns 25,299 shares in the company, valued at $1,334,522.25. This represents a 18.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mplx Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.