Cetera Investment Advisers Has $7.76 Million Position in Mplx Lp (NYSE:MPLX)

Cetera Investment Advisers boosted its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 162,113 shares of the pipeline company's stock after acquiring an additional 16,574 shares during the period. Cetera Investment Advisers' holdings in Mplx were worth $7,759,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MPLX. VSM Wealth Advisory LLC acquired a new position in Mplx in the 4th quarter worth $31,000. Geneos Wealth Management Inc. raised its holdings 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 period. Generali Asset Management SPA SGR bought a new stake in shares of Mplx in the 4th quarter valued at about $56,000. Russell Investments Group Ltd. raised its holdings in Mplx by 139.6% in the 4th quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company's stock valued at $85,000 after acquiring an additional 1,040 shares during the period. Finally, RE Dickinson Investment Advisors LLC raised its holdings in Mplx by 11.5% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock valued at $96,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 24.25% of the company's stock.

Wall Street Analysts Forecast Growth

MPLX has been the topic of several research analyst reports. Barclays lowered their price target on shares of Mplx from $55.00 to $52.00 and set an "overweight" rating on the stock in a report on Monday. Wells Fargo & Company increased their price target on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada increased their price objective on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Raymond James increased 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. Finally, StockNews.com downgraded shares of Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.50.

Mplx Trading Down 0.3%

NYSE:MPLX opened at $48.97 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $50.07 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.69 and a beta of 0.76. The firm has a fifty day simple moving average of $51.31 and a two-hundred day simple moving average of $50.24. Mplx Lp has a 12 month low of $39.84 and a 12 month high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.03. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. Analysts expect that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend is Friday, May 9th. Mplx's payout ratio is presently 88.22%.

Insider Transactions at Mplx

In other news, VP Shawn M. Lyon purchased 4,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the acquisition, the vice president now owns 25,299 shares in the company, valued at $1,334,522.25. This trade represents a 18.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mplx Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.

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