HBK Sorce Advisory LLC Has $517,000 Stock Holdings in Mplx Lp (NYSE:MPLX)

HBK Sorce Advisory LLC boosted its holdings in shares of Mplx Lp (NYSE:MPLX) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,804 shares of the pipeline company’s stock after buying an additional 730 shares during the period. HBK Sorce Advisory LLC’s holdings in Mplx were worth $517,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MPLX. Strategic Financial Concepts LLC raised its holdings in shares of Mplx by 5,070.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company’s stock valued at $46,797,000 after purchasing an additional 958,881 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mplx in the fourth quarter valued at about $41,917,000. FMR LLC raised its holdings in shares of Mplx by 387.4% in the third quarter. FMR LLC now owns 823,467 shares of the pipeline company’s stock valued at $36,611,000 after purchasing an additional 654,500 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Mplx by 368.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 188,057 shares of the pipeline company’s stock valued at $9,000,000 after purchasing an additional 147,872 shares during the last quarter. Finally, Walnut Private Equity Partners LLC raised its holdings in shares of Mplx by 479.6% in the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after purchasing an additional 127,100 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analyst Weigh In

MPLX has been the subject of several analyst reports. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Raymond James raised their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Truist Financial raised their price objective on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays raised their price objective on shares of Mplx from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada raised their price objective on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has assigned 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 $53.40.

Mplx Price Performance

Shares of NYSE:MPLX opened at $53.43 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $54.63 billion, a PE ratio of 12.69, a P/E/G ratio of 1.69 and a beta of 1.40. Mplx Lp has a twelve month low of $39.56 and a twelve month high of $54.79. The company has a 50-day moving average price of $52.12 and a two-hundred day moving average price of $48.02.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share 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 firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.9565 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.16%. Mplx’s dividend payout ratio (DPR) is currently 90.74%.

Insider Activity

In other news, VP Shawn M. Lyon acquired 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the transaction, the vice president now owns 25,299 shares of the company’s stock, valued at $1,334,522.25. The trade was a 18.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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.