L.M. Kohn & Company Acquires New Stake in Mplx Lp (NYSE:MPLX)

L.M. Kohn & Company acquired a new stake in shares of Mplx Lp (NYSE:MPLX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,236 shares of the pipeline company’s stock, valued at approximately $203,000.

A number of other hedge funds have also made changes to their positions in MPLX. Cedar Wealth Management LLC acquired a new position in Mplx in the third quarter worth approximately $51,000. Geneos Wealth Management Inc. grew its position in Mplx by 56.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after buying an additional 409 shares during the last quarter. Crewe Advisors LLC acquired a new position in Mplx in the fourth quarter worth approximately $98,000. Allworth Financial LP grew its position in Mplx by 25.1% in the fourth quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock worth $134,000 after buying an additional 517 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Mplx by 393.0% in the third quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock worth $153,000 after buying an additional 2,751 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Trading Up 0.3 %

Shares of NYSE:MPLX opened at $53.89 on Monday. The firm has a fifty day moving average of $49.99 and a two-hundred day moving average of $46.48. The firm has a market capitalization of $54.91 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.42. Mplx Lp has a 12-month low of $38.22 and a 12-month high of $54.52. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business earned $1.10 EPS. Mplx’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Mplx Lp will post 4.39 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.10%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s payout ratio is presently 90.97%.

Analyst Ratings Changes

Several research analysts have issued reports on MPLX shares. Wells Fargo & Company lifted their price target on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Truist Financial raised their price objective on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Raymond James raised their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, UBS Group raised their price objective 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. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.11.

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.