Schulhoff & Co. Inc. Takes Position in Mplx Lp (NYSE:MPLX)

Schulhoff & Co. Inc. purchased a new position in Mplx Lp (NYSE:MPLX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the pipeline company’s stock, valued at approximately $239,000.

Several other large investors have also added to or reduced their stakes in MPLX. Allspring Global Investments Holdings LLC raised its position in shares of Mplx by 153.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,000 shares of the pipeline company’s stock worth $356,000 after acquiring an additional 4,842 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Mplx by 4.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 85,389 shares of the pipeline company’s stock valued at $3,796,000 after buying an additional 3,505 shares during the period. Fidelis Capital Partners LLC lifted its position in Mplx by 3.9% during the third quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock valued at $396,000 after buying an additional 338 shares during the period. Pathway Financial Advisers LLC boosted its holdings in shares of Mplx by 14.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 26,052 shares of the pipeline company’s stock valued at $1,158,000 after buying an additional 3,294 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC purchased a new stake in shares of Mplx in the 3rd quarter worth about $210,000. Institutional investors own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MPLX. Barclays raised their target price on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company raised their price objective on Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Raymond James boosted their target price on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Royal Bank of Canada raised their price target on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 22nd. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mplx currently has a consensus rating of “Moderate Buy” and an average price target of $52.11.

Mplx Stock Performance

Shares of NYSE MPLX opened at $52.32 on Friday. Mplx Lp has a 12-month low of $38.44 and a 12-month high of $54.74. The firm has a market capitalization of $53.30 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. 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 firm has a 50 day moving average of $51.01 and a 200 day moving average of $47.17.

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

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx’s dividend payout ratio is currently 90.74%.

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.