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Merit Financial Group LLC Raises Stake in Mplx Lp $MPLX
Merit Financial Group LLC significantly increased its stake in MPLX LP (NYSE:MPLX) by 126.0% in the fourth quarter, now owning 43,234 shares valued at $2.307 million. This move comes as several other institutional investors also acquired new positions in the pipeline company, with hedge funds and institutional investors collectively owning 24.25% of the stock. Analysts have a “Moderate Buy” consensus rating for MPLX, with an average price target of $62.00, following several price objective increases from firms like Wells Fargo & Company and UBS Group.