Three Seasons Wealth LLC Makes New $775,000 Investment in Mplx Lp $MPLX

Three Seasons Wealth LLC purchased a new stake in shares of Mplx Lp (NYSE:MPLX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,528 shares of the pipeline company’s stock, valued at approximately $775,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MPLX. Solstein Capital LLC acquired a new position in shares of Mplx in the third quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC bought a new stake in Mplx during the 2nd quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new stake in Mplx during the 2nd quarter worth approximately $29,000. Operose Advisors LLC increased its position in Mplx by 216.2% in the 2nd quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Finally, Caldwell Trust Co acquired a new position in Mplx in the 2nd quarter valued at approximately $33,000. 24.25% of the stock is currently owned by institutional investors.

Mplx Stock Performance

Shares of Mplx stock opened at $57.00 on Wednesday. The business has a 50-day simple moving average of $57.33 and a 200 day simple moving average of $54.07. Mplx Lp has a one year low of $44.60 and a one year high of $59.98. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.23 and a quick ratio of 1.18. The firm has a market capitalization of $57.87 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 5.28 and a beta of 0.56.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.07. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $3.23 billion. Mplx had a return on equity of 34.37% and a net margin of 37.79%.The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. On average, research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a $1.0765 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.31 annualized dividend and a yield of 7.6%. Mplx’s dividend payout ratio (DPR) is presently 89.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Mplx from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Wells Fargo & Company raised their target price on Mplx from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Citigroup upped their price target on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Raymond James Financial downgraded Mplx from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.56.

About Mplx

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.