D.A. Davidson & CO. Has $1.33 Million Stock Position in Mplx Lp (NYSE:MPLX)

D.A. Davidson & CO. grew its position in Mplx Lp (NYSE:MPLX) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,862 shares of the pipeline company’s stock after purchasing an additional 2,462 shares during the quarter. D.A. Davidson & CO.’s holdings in Mplx were worth $1,333,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in shares of Mplx by 56.3% in the 4th 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 last quarter. Cedar Wealth Management LLC bought a new stake in shares of Mplx in the 3rd quarter valued at $51,000. Crewe Advisors LLC bought a new stake in shares of Mplx in the 4th quarter valued at $98,000. Allworth Financial LP boosted its stake in shares of Mplx by 25.1% in the 4th quarter. Allworth Financial LP now owns 2,576 shares of the pipeline company’s stock valued at $134,000 after purchasing an additional 517 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted 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 purchasing an additional 2,751 shares during the last quarter. 24.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

MPLX has been the topic of a number of analyst reports. Raymond James upped their price objective on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Truist Financial increased their target price 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. Royal Bank of Canada increased their target price 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. UBS Group increased their target price 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. Finally, Wells Fargo & Company increased their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One equities research 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 data from MarketBeat.com, Mplx currently has a consensus rating of “Moderate Buy” and an average target price of $52.11.

Mplx Stock Down 0.8 %

Mplx stock opened at $53.40 on Friday. Mplx Lp has a 1-year low of $38.44 and a 1-year high of $54.74. The firm has a market capitalization of $54.40 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. The firm’s fifty day moving average price is $50.54 and its two-hundred day moving average price is $46.86. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the firm earned $1.10 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.9565 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.16%. Mplx’s dividend payout ratio is currently 90.74%.

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.