Marble Harbor Investment Counsel LLC Has $334,000 Holdings in Mplx Lp (NYSE:MPLX)

Marble Harbor Investment Counsel LLC grew its stake in Mplx Lp (NYSE:MPLX) by 19.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,980 shares of the pipeline company’s stock after buying an additional 1,130 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Mplx were worth $334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC boosted its stake in Mplx by 38.5% in the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock worth $1,843,000 after purchasing an additional 10,705 shares during the period. Walnut Private Equity Partners LLC boosted its position in shares of Mplx by 479.6% during the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock worth $7,351,000 after buying an additional 127,100 shares during the period. MML Investors Services LLC boosted its position in shares of Mplx by 387.5% during the third quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after buying an additional 18,714 shares during the period. Glenmede Trust Co. NA boosted its position in Mplx by 7.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock worth $6,647,000 after acquiring an additional 10,000 shares during the last quarter. Finally, ING Groep NV boosted its position in Mplx by 69.8% during the 3rd quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock worth $294,699,000 after acquiring an additional 2,725,000 shares during the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. 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 report on Friday, November 15th. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. Truist Financial increased their price objective 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. Barclays increased their price target on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada increased their price target on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.11.

Mplx Stock Performance

NYSE:MPLX opened at $52.65 on Friday. The company has a market cap of $53.64 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.69 and a beta of 1.40. Mplx Lp has a fifty-two week low of $39.56 and a fifty-two week high of $54.79. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a fifty day moving average price of $51.66 and a 200-day moving average price of $47.66.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $3.06 billion during 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%. Mplx’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 earned $1.10 earnings per share. As a group, equities analysts anticipate that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.9565 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.27%. 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.