Mplx Lp (NYSE:MPLX) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in Mplx Lp (NYSE:MPLX - Free Report) by 44.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,484 shares of the pipeline company's stock after purchasing an additional 26,967 shares during the quarter. Advisors Asset Management Inc.'s holdings in Mplx were worth $4,187,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MPLX. CFO4Life Group LLC increased its position in shares of Mplx by 1.1% during the fourth quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company's stock valued at $919,000 after acquiring an additional 200 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Mplx by 0.4% during the third quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company's stock worth $2,689,000 after buying an additional 231 shares during the period. GraniteShares Advisors LLC grew its stake in shares of Mplx by 0.5% in the fourth quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company's stock valued at $2,462,000 after buying an additional 237 shares in the last quarter. Cherry Creek Investment Advisors Inc. lifted its position in shares of Mplx by 2.0% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 14,489 shares of the pipeline company's stock worth $693,000 after purchasing an additional 285 shares in the last quarter. Finally, FORA Capital LLC grew its holdings in shares of Mplx by 2.2% in the third quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company's stock valued at $681,000 after purchasing an additional 332 shares in the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, VP Shawn M. Lyon purchased 4,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were bought at an average price of $52.75 per share, with a total value of $211,000.00. Following the completion of the purchase, the vice president now directly owns 25,299 shares in the company, valued at approximately $1,334,522.25. This trade represents a 18.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

MPLX has been the subject of several recent research reports. Raymond James raised their price target on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price target on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Barclays upped their price target on shares of Mplx from $52.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Morgan Stanley upped their price objective on shares of Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company raised their price target on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Mplx has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Mplx Price Performance

MPLX stock traded down $0.55 during trading on Tuesday, hitting $53.34. The stock had a trading volume of 1,109,867 shares, compared to its average volume of 1,747,815. Mplx Lp has a 1-year low of $39.56 and a 1-year high of $54.87. The stock has a market cap of $54.54 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. The company's 50 day moving average price is $52.81 and its two-hundred day moving average price is $48.58. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. On average, sell-side analysts forecast that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date was Monday, February 3rd. Mplx's dividend payout ratio is currently 90.74%.

Mplx Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.