Elser Financial Planning Inc Takes $224,000 Position in Mplx Lp (NYSE:MPLX)

Elser Financial Planning Inc acquired a new stake in Mplx Lp (NYSE:MPLX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,687 shares of the pipeline company’s stock, valued at approximately $224,000.

Other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in Mplx by 0.4% during the third quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company’s stock worth $2,689,000 after buying an additional 231 shares during the period. Sheaff Brock Investment Advisors LLC grew its holdings in Mplx by 1.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 19,701 shares of the pipeline company’s stock valued at $876,000 after purchasing an additional 268 shares during the last quarter. Cherry Creek Investment Advisors Inc. increased its position in shares of Mplx by 2.0% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 14,204 shares of the pipeline company’s stock valued at $632,000 after buying an additional 279 shares in the last quarter. FORA Capital LLC boosted its position in shares of Mplx by 2.2% in the 3rd quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company’s stock worth $681,000 after buying an additional 332 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its position in Mplx by 3.9% during the third quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock worth $396,000 after acquiring an additional 338 shares during the last quarter. 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 the firm’s stock in a transaction on Monday, November 18th. The stock was 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. This trade represents a 21.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Mplx Stock Down 0.6 %

MPLX stock opened at $53.20 on Monday. The firm has a fifty day moving average price of $49.65 and a two-hundred day moving average price of $46.11. 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 $37.58 and a 1-year high of $54.18. The firm has a market cap of $54.20 billion, a price-to-earnings ratio of 12.64, 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 business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Research analysts predict that Mplx Lp will post 4.39 EPS for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 7.19%. Mplx’s dividend payout ratio (DPR) is 90.97%.

Analysts Set New Price Targets

MPLX has been the subject of a number of recent research reports. Royal Bank of Canada raised their price objective on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Wells Fargo & Company boosted their target price on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday. Truist Financial raised their price target 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. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, UBS Group raised their target price on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

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.