Insider Buying: Mplx Lp VP Acquires 4,000 Shares

On March 7th, Shawn M. Lyon, the Vice President of Mplx Lp (NYSE:MPLX), made a significant purchase of the company's stock, acquiring 4,000 shares at an average price of $52.75 each, totaling a transaction value of $211,000. Following this purchase, Lyon's total ownership in Mplx has increased to 25,299 shares, which are currently valued at about $1,334,522.25. This acquisition represents an 18.78% rise in his stake in the company. The transaction has been formally reported in a filing with the SEC and can be accessed through the SEC's website.

Mplx Stock Performance

The shares of Mplx opened at $52.50 on Wednesday. Over the past few months, the company has shown solid performance with a 50-day simple moving average sitting at $51.84 and a 200-day moving average at $47.88. Mplx has a quick ratio of 0.95 and a current ratio of 0.99, with a debt-to-equity ratio of 1.40. Over the last year, the stock's price has fluctuated, reaching a low of $39.56 and a high of $54.79. Mplx's market capitalization stands at $53.69 billion, with a price-to-earnings ratio of 12.47 and a PEG ratio of 1.69.

Mplx Earnings Report

The company recently released its quarterly earnings on February 4th, reporting earnings per share of $1.07, surpassing analyst estimates of $1.04. For the quarter, Mplx's revenue was recorded at $3.06 billion, slightly below the anticipated $3.07 billion. The company's net margin was impressive at 36.18%, with a return on equity of 31.94%. Compared to the previous year, Mplx’s revenue has increased by 3.3%. Analysts predict an EPS of 4.41 for the current fiscal year.

Dividend Announcement

Mplx also declared a quarterly dividend of $0.9565 per share, paid out on February 14th to shareholders on record as of February 3rd. The annualized dividend amounts to $3.83, resulting in a dividend yield of 7.29%. The company maintains a dividend payout ratio of 90.74%.

Institutional Trading Activity

Several institutional investors have adjusted their holdings in Mplx. Notably, ING Groep NV increased its stake by 69.8% in the third quarter, now owning 6,628,400 shares valued at approximately $294.7 million after acquiring 2,725,000 additional shares. FMR LLC also raised its position by 141.1% in the fourth quarter. Multiple other investors have similarly increased their holdings, with hedge funds currently owning 24.25% of the company's shares.

Analyst Ratings

Recent analyst ratings reflect positive sentiment surrounding Mplx. Truist Financial has raised its stock price target from $48 to $55 with a buy recommendation. Similarly, Raymond James has adjusted its price objective from $55 to $60, endorsing a strong buy rating. The current consensus among analysts is a "Moderate Buy", with an average price target of $53.10.

Mplx Company Overview

MPLX LP is involved in the operation of midstream energy infrastructure and logistics assets, focusing on the transportation, storage, and distribution of crude oil, refined products, and other related services.

Mplx, insider, buying