Blueprint Investment Partners LLC Boosts Stock Holdings in Mplx Lp (NYSE:MPLX)

Blueprint Investment Partners LLC lifted its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 134.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,356 shares of the pipeline company's stock after purchasing an additional 92,429 shares during the quarter. Mplx accounts for about 1.2% of Blueprint Investment Partners LLC's portfolio, making the stock its 19th largest position. Blueprint Investment Partners LLC's holdings in Mplx were worth $7,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its holdings in Mplx by 13.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 48,333 shares of the pipeline company's stock worth $2,149,000 after purchasing an additional 5,766 shares in the last quarter. Citigroup Inc. raised its holdings in Mplx by 3.0% in the 3rd quarter. Citigroup Inc. now owns 1,144,404 shares of the pipeline company's stock valued at $50,880,000 after buying an additional 33,772 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in Mplx by 62.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 11,688 shares of the pipeline company's stock worth $520,000 after buying an additional 4,474 shares during the period. Cerity Partners LLC grew its holdings in Mplx by 42.5% during the 3rd quarter. Cerity Partners LLC now owns 41,028 shares of the pipeline company's stock worth $1,824,000 after acquiring an additional 12,236 shares during the last quarter. Finally, One Charles Private Wealth Services LLC acquired a new position in Mplx in the 3rd quarter valued at approximately $1,610,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Mplx

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

Mplx Stock Down 0.1 %

Shares of MPLX traded down $0.03 during trading hours on Thursday, hitting $53.69. The stock had a trading volume of 1,952,233 shares, compared to its average volume of 1,748,268. Mplx Lp has a 1-year low of $39.56 and a 1-year high of $54.87. The firm has a market capitalization of $54.90 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. The firm has a 50 day simple moving average of $53.01 and a 200-day simple moving average of $48.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95.

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

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx's payout ratio is currently 90.74%.

Analyst Ratings Changes

MPLX has been the topic of several analyst reports. Wells Fargo & Company boosted their price objective on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their price objective on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. StockNews.com cut Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Barclays boosted their price target on shares of Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Finally, Morgan Stanley lifted their target price on shares of Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $54.00.

Mplx Company 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.