Childress Capital Advisors LLC Has $3.20 Million Stake in Mplx Lp (NYSE:MPLX)

Childress Capital Advisors LLC increased its stake in Mplx Lp (NYSE:MPLX) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,841 shares of the pipeline company’s stock after purchasing an additional 3,284 shares during the period. Mplx makes up 0.9% of Childress Capital Advisors LLC’s holdings, making the stock its 27th largest position. Childress Capital Advisors LLC’s holdings in Mplx were worth $3,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in shares of 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 purchasing an additional 409 shares in the last quarter. Cedar Wealth Management LLC bought a new stake in Mplx during the 3rd quarter worth about $51,000. Farther Finance Advisors LLC lifted its position in Mplx by 393.0% during the 3rd 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 in the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Mplx during the 4th quarter worth about $200,000. Finally, Panoramic Investment Advisors LLC bought a new position in shares of Mplx in the 4th quarter valued at about $200,000. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

NYSE MPLX opened at $51.38 on Tuesday. The stock has a market cap of $52.35 billion, a PE ratio of 12.12, a P/E/G ratio of 2.33 and a beta of 1.42. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a 50-day moving average of $49.39 and a 200-day moving average of $45.79. Mplx Lp has a 52-week low of $37.04 and a 52-week high of $53.55.

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

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.9565 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.45%. Mplx’s dividend payout ratio (DPR) is presently 90.33%.

Analyst Ratings Changes

MPLX has been the subject of several recent research reports. StockNews.com cut Mplx from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. Barclays raised their target price on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada upped their price target on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of Mplx from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, UBS Group boosted 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 analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.50.

Insider Buying and Selling at Mplx

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’s 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 sale, the vice president now owns 14,750 shares of the company’s stock, valued at $696,790. The trade was a 21.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.