Crescent Grove Advisors LLC Has $3.04 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

Crescent Grove Advisors LLC decreased its position in Mplx Lp (NYSE:MPLX) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,601 shares of the pipeline company’s stock after selling 4,802 shares during the period. Crescent Grove Advisors LLC’s holdings in Mplx were worth $3,044,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Mplx by 56.3% during the fourth 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. Cedar Wealth Management LLC bought a new stake in Mplx in the 3rd quarter valued at $51,000. Farther Finance Advisors LLC raised its stake in shares of Mplx by 393.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock valued at $153,000 after buying an additional 2,751 shares in the last quarter. Archford Capital Strategies LLC bought a new position in shares of Mplx during the 4th quarter worth about $200,000. Finally, Marcum Wealth LLC acquired a new stake in shares of Mplx during the 4th quarter valued at about $205,000. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Mplx stock opened at $51.90 on Friday. 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 stock has a market capitalization of $52.87 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 2.34 and a beta of 1.43. Mplx Lp has a 12-month low of $37.04 and a 12-month high of $53.15. The stock has a 50-day simple moving average of $49.02 and a 200 day simple moving average of $45.40.

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

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.9565 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.37%. Mplx’s payout ratio is currently 90.33%.

Insider Activity

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $47.24, for a total transaction of $188,960.00. Following the completion of the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at $696,790. The trade was a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

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

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.