Doliver Advisors LP Has $2.14 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

Doliver Advisors LP reduced its position in Mplx Lp (NYSE:MPLX) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 44,623 shares of the pipeline company’s stock after selling 500 shares during the period. Mplx makes up about 0.6% of Doliver Advisors LP’s portfolio, making the stock its 25th largest position. Doliver Advisors LP’s holdings in Mplx were worth $2,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Wealth Management LLC bought a new position in shares of Mplx in the third quarter valued at about $51,000. Redwood Wealth Management Group LLC acquired a new stake in Mplx during the second quarter worth approximately $67,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Mplx during the second quarter worth approximately $88,000. Farther Finance Advisors LLC grew its position in shares of Mplx by 393.0% in the third quarter. Farther Finance Advisors LLC now owns 3,451 shares of the pipeline company’s stock valued at $153,000 after purchasing an additional 2,751 shares during the last quarter. Finally, Zhang Financial LLC bought a new position in shares of Mplx during the third quarter worth approximately $202,000. Institutional investors own 24.25% of the company’s stock.

Mplx Price Performance

Shares of Mplx stock traded up $0.07 on Monday, reaching $48.59. 730,442 shares of the stock were exchanged, compared to its average volume of 1,632,173. 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 firm has a market cap of $49.50 billion, a PE ratio of 11.46, a P/E/G ratio of 2.91 and a beta of 1.43. The firm’s 50 day moving average is $47.63 and its 200-day moving average is $44.63. Mplx Lp has a one year low of $36.76 and a one year high of $51.94.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.04). Mplx had a net margin of 36.77% and a return on equity of 32.70%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Mplx Lp will post 4.18 EPS for the current fiscal year.

Mplx Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Mplx’s previous quarterly dividend of $0.85. Mplx’s payout ratio is currently 90.09%.

Insiders Place Their Bets

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $47.24, for a total transaction of $188,960.00. Following the sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. This trade represents a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MPLX shares. Barclays boosted their price target on Mplx from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a research report on Friday. Royal Bank of Canada raised their price target on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Truist Financial boosted their price objective on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price on shares of Mplx from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mplx presently has an average rating of “Moderate Buy” and a consensus price target of $49.56.

Mplx Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.