Catalyst Capital Advisors LLC Has $14.13 Million Holdings in Mplx Lp (NYSE:MPLX)

Catalyst Capital Advisors LLC grew its holdings in Mplx Lp (NYSE:MPLX) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,262 shares of the pipeline company’s stock after purchasing an additional 14,377 shares during the period. Catalyst Capital Advisors LLC’s holdings in Mplx were worth $14,131,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Americana Partners LLC raised its holdings in shares of Mplx by 4.5% during the fourth quarter. Americana Partners LLC now owns 478,970 shares of the pipeline company’s stock worth $22,924,000 after acquiring an additional 20,470 shares in the last quarter. L.M. Kohn & Company acquired a new position in Mplx in the 4th quarter worth about $203,000. Csenge Advisory Group raised its stake in shares of Mplx by 13.3% during the 4th quarter. Csenge Advisory Group now owns 17,030 shares of the pipeline company’s stock worth $815,000 after purchasing an additional 1,998 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Mplx by 7.8% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,233 shares of the pipeline company’s stock valued at $1,016,000 after buying an additional 1,532 shares during the last quarter. Finally, Allworth Financial LP grew 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 buying an additional 517 shares in the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Price Performance

NYSE:MPLX opened at $53.89 on Monday. The firm has a market cap of $54.91 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.42. The company’s 50-day moving average price is $49.99 and its two-hundred day moving average price is $46.48. 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 Lp has a 12 month low of $38.22 and a 12 month high of $54.52.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the business earned $1.10 earnings per share. Mplx’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Mplx Lp will post 4.39 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a dividend yield of 7.10%. The ex-dividend date was Monday, February 3rd. Mplx’s dividend payout ratio is 90.97%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MPLX. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Friday. Raymond James lifted 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 report on Tuesday, November 19th. Wells Fargo & Company boosted their price target on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada increased their price objective on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Mplx has an average rating of “Moderate Buy” and an average target price of $52.11.

Mplx Company 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.