Mplx Lp (NYSE:MPLX) Shares Bought by Augustine Asset Management Inc.

Augustine Asset Management Inc. boosted its holdings in shares of Mplx Lp (NYSE:MPLX) by 140.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,080 shares of the pipeline company’s stock after purchasing an additional 7,630 shares during the quarter. Augustine Asset Management Inc.’s holdings in Mplx were worth $626,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Cedar Wealth Management LLC purchased a new stake in Mplx during the 3rd quarter worth approximately $51,000. Geneos Wealth Management Inc. boosted its stake 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 acquiring an additional 409 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Mplx during the fourth quarter worth approximately $98,000. Farther Finance Advisors LLC raised its stake in 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 purchasing an additional 2,751 shares during the last quarter. Finally, Archford Capital Strategies LLC purchased a new position in Mplx in the 4th quarter valued at $200,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $47.24, for a total value of $188,960.00. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mplx Stock Performance

Shares of MPLX stock opened at $53.26 on Wednesday. The stock’s 50-day moving average is $49.70 and its two-hundred day moving average is $46.21. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. Mplx Lp has a 1 year low of $37.78 and a 1 year high of $54.18. The firm has a market cap of $54.26 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.38 and a beta of 1.42.

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

Mplx Dividend Announcement

The firm 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 dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Monday, February 3rd. Mplx’s dividend payout ratio is currently 90.97%.

Analyst Ratings Changes

Several research firms have weighed in on MPLX. Raymond James boosted their target price on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. UBS Group increased their price objective on shares of Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Truist Financial lifted their price objective on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Bank of America began coverage on Mplx in a report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Mplx has a consensus rating of “Moderate Buy” and an average target price 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.