Applied Capital LLC FL Makes New $418,000 Investment in Mplx Lp (NYSE:MPLX)

Applied Capital LLC FL purchased a new position in shares of Mplx Lp (NYSE:MPLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,725 shares of the pipeline company’s stock, valued at approximately $418,000.

A number of other large investors also recently bought and sold shares of the stock. Sei Investments Co. raised its stake in shares of Mplx by 10.4% in the 2nd quarter. Sei Investments Co. now owns 57,144 shares of the pipeline company’s stock valued at $2,434,000 after acquiring an additional 5,404 shares during the period. Creative Planning raised its stake in shares of Mplx by 33.9% in the 2nd quarter. Creative Planning now owns 35,432 shares of the pipeline company’s stock valued at $1,509,000 after acquiring an additional 8,979 shares during the period. NewEdge Advisors LLC raised its stake in shares of Mplx by 23.4% in the 2nd quarter. NewEdge Advisors LLC now owns 24,540 shares of the pipeline company’s stock valued at $1,045,000 after acquiring an additional 4,660 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Mplx by 12.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,888 shares of the pipeline company’s stock valued at $719,000 after acquiring an additional 1,889 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in shares of Mplx by 6.8% in the 2nd quarter. Pathway Financial Advisers LLC now owns 22,758 shares of the pipeline company’s stock valued at $969,000 after acquiring an additional 1,457 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Insider Activity

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $47.24, for a total value of $188,960.00. Following the completion of the transaction, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. The trade was a 21.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company lifted their price target on shares of Mplx from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group lifted their price target on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 19th. Finally, Bank of America assumed coverage on shares of Mplx in a research note on Thursday, October 17th. They set an “underperform” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Mplx currently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

Mplx Price Performance

Shares of MPLX stock opened at $51.90 on Friday. The firm has a market cap of $52.87 billion, a P/E ratio of 12.24, a P/E/G ratio of 2.34 and a beta of 1.43. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx Lp has a 1-year low of $37.04 and a 1-year high of $53.15. The firm has a fifty day moving average of $49.02 and a two-hundred day moving average of $45.40.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.04). Mplx had a return on equity of 32.70% and a net margin of 36.77%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the business earned $0.89 earnings per share. Mplx’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Mplx Lp will post 4.18 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend is Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is presently 90.33%.

Mplx Profile

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.