Stifel Financial Corp Has $67.62 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

Stifel Financial Corp increased its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,412,895 shares of the pipeline company's stock after purchasing an additional 136,067 shares during the period. Stifel Financial Corp owned approximately 0.14% of Mplx worth $67,621,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new position in Mplx during the fourth quarter worth about $31,000. Geneos Wealth Management Inc. boosted 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 worth $54,000 after acquiring an additional 409 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Mplx during the 4th quarter valued at $56,000. Russell Investments Group Ltd. increased its stake in shares of Mplx by 139.6% in the fourth quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company's stock valued at $85,000 after buying an additional 1,040 shares in the last quarter. Finally, RE Dickinson Investment Advisors LLC lifted its position in Mplx by 11.5% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock worth $96,000 after buying an additional 208 shares in the last quarter. Institutional investors own 24.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MPLX shares. Royal Bank of Canada raised their target price 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. Morgan Stanley raised their price target on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Wells Fargo & Company boosted their target price on Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Raymond James increased their price target on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Mplx Stock Down 1.4 %

MPLX traded down $0.75 on Monday, hitting $51.81. 495,139 shares of the company were exchanged, compared to its average volume of 1,765,154. The company has a market cap of $52.98 billion, a PE ratio of 12.30, a PEG ratio of 1.69 and a beta of 1.11. 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 12 month low of $39.84 and a 12 month high of $54.87. The stock's fifty day moving average is $51.93 and its 200-day moving average is $49.75.

Mplx (NYSE:MPLX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equities research analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

Insider Transactions at Mplx

In other Mplx news, VP Shawn M. Lyon bought 4,000 shares of Mplx stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $52.75 per share, with a total value of $211,000.00. Following 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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.