Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Mplx Lp (NYSE:MPLX – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,820 shares of the pipeline company’s stock, valued at approximately $374,000.
Several other institutional investors have also modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of Mplx by 0.4% during the 3rd 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 last quarter. Sheaff Brock Investment Advisors LLC boosted its stake 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 acquiring an additional 268 shares in the last quarter. Cherry Creek Investment Advisors Inc. grew its holdings in shares of Mplx by 2.0% during the third quarter. Cherry Creek Investment Advisors Inc. now owns 14,204 shares of the pipeline company’s stock worth $632,000 after purchasing an additional 279 shares during the last quarter. FORA Capital LLC increased its position in shares of Mplx by 2.2% during the third quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company’s stock worth $681,000 after purchasing an additional 332 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of Mplx by 3.9% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock valued at $396,000 after purchasing an additional 338 shares during the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the 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 transaction, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. This trade represents a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Mplx
Mplx Price Performance
Shares of NYSE:MPLX opened at $51.77 on Thursday. Mplx Lp has a 52 week low of $37.04 and a 52 week high of $53.15. The company has a 50-day moving average price of $49.17 and a 200 day moving average price of $45.58. The company has a market cap of $52.74 billion, a P/E ratio of 12.21, a PEG ratio of 2.34 and a beta of 1.43. 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 – Get Free Report) last posted 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 business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts predict that Mplx Lp will post 4.18 earnings per share for the current year.
Mplx Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid 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 7.39%. Mplx’s dividend payout ratio (DPR) is presently 90.33%.
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.
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