Csenge Advisory Group Purchases 13,395 Shares of Mplx Lp $MPLX

Csenge Advisory Group boosted its position in shares of Mplx Lp (NYSE:MPLX) by 96.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,271 shares of the pipeline company’s stock after purchasing an additional 13,395 shares during the period. Csenge Advisory Group’s holdings in Mplx were worth $1,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Mplx by 4.1% during the first quarter. NewEdge Advisors LLC now owns 24,049 shares of the pipeline company’s stock valued at $1,287,000 after buying an additional 939 shares during the period. Focus Financial Network Inc. lifted its stake in shares of Mplx by 38.3% during the 2nd quarter. Focus Financial Network Inc. now owns 7,951 shares of the pipeline company’s stock worth $410,000 after acquiring an additional 2,200 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Mplx by 10.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 120,832 shares of the pipeline company’s stock valued at $6,167,000 after acquiring an additional 11,844 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in Mplx by 21.1% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 4,849 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 846 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Mplx by 8.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,715 shares of the pipeline company’s stock valued at $346,000 after acquiring an additional 504 shares during the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on MPLX. Barclays lifted their target price on Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Wells Fargo & Company decreased their price objective on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, September 23rd. Raymond James Financial downgraded shares of Mplx from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Morgan Stanley raised their target price on shares of Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $57.00 price target on shares of Mplx in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Mplx Price Performance

NYSE MPLX opened at $56.57 on Friday. The company has a market cap of $57.54 billion, a PE ratio of 11.99 and a beta of 0.56. The firm’s 50 day moving average price is $53.88 and its 200-day moving average price is $51.67. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 1.31. Mplx Lp has a 52-week low of $44.60 and a 52-week high of $56.71.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, November 4th. The pipeline company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.45. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.16 billion. Mplx had a net margin of 37.61% and a return on equity of 34.14%. Sell-side analysts forecast that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were paid a dividend of $1.0765 per share. This is an increase from Mplx’s previous quarterly dividend of $0.96. The ex-dividend date was Friday, November 7th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.6%. Mplx’s dividend payout ratio (DPR) is currently 91.31%.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.