Wick Capital Partners LLC Invests $712,000 in Mplx Lp $MPLX

Wick Capital Partners LLC acquired a new position in Mplx Lp (NYSE:MPLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,340 shares of the pipeline company’s stock, valued at approximately $712,000.

Several other large investors also recently added to or reduced their stakes in MPLX. Solstein Capital LLC bought a new stake in shares of Mplx during the 3rd quarter valued at $25,000. EQ Wealth Advisors LLC purchased a new stake in shares of Mplx in the 4th quarter worth $32,000. Wiser Advisor Group LLC bought a new position in Mplx in the 3rd quarter worth $38,000. Prosperity Bancshares Inc bought a new position in Mplx in the 4th quarter worth $43,000. Finally, Groesbeck Investment Management Corp NJ purchased a new position in Mplx during the fourth quarter valued at $49,000. 24.25% of the stock is currently owned by institutional investors.

Mplx Trading Up 1.6%

Shares of MPLX stock opened at $56.78 on Friday. Mplx Lp has a 52-week low of $47.80 and a 52-week high of $59.98. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.10. The firm has a market capitalization of $57.62 billion, a PE ratio of 12.29, a PEG ratio of 5.36 and a beta of 0.48. The stock has a fifty day simple moving average of $55.66 and a two-hundred day simple moving average of $55.91.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Mplx had a net margin of 36.38% and a return on equity of 32.74%. Mplx’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, analysts predict that Mplx Lp will post 4.22 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $1.0765 per share. This represents a $4.31 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Friday, May 8th. Mplx’s dividend payout ratio (DPR) is 93.29%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MPLX. Morgan Stanley reduced their price target on Mplx from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. UBS Group lifted their price objective on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, March 16th. The Goldman Sachs Group boosted their price objective on Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Zacks Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. Finally, Truist Financial decreased their target price on shares of Mplx from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Mplx Profile

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.