Corient Private Wealth LLC Sells 10,327 Shares of Mplx Lp (NYSE:MPLX)

Corient Private Wealth LLC cut its position in Mplx Lp (NYSE:MPLX - Free Report) by 23.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,986 shares of the pipeline company's stock after selling 10,327 shares during the quarter. Corient Private Wealth LLC's holdings in Mplx were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CFO4Life Group LLC grew its position in Mplx by 1.1% in the fourth quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company's stock worth $919,000 after acquiring an additional 200 shares in the last quarter. Captrust Financial Advisors boosted its stake in Mplx by 0.4% in 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 in the last quarter. GraniteShares Advisors LLC grew its position in Mplx by 0.5% during the fourth quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company's stock valued at $2,462,000 after acquiring an additional 237 shares during the last quarter. Cherry Creek Investment Advisors Inc. raised its stake 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 acquiring an additional 285 shares in the last quarter. Finally, FORA Capital LLC lifted its holdings in shares of Mplx by 2.2% in the 3rd quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company's stock worth $681,000 after acquiring an additional 332 shares during the last quarter. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Mplx Stock Up 0.6 %

Shares of MPLX stock traded up $0.34 during trading hours on Friday, hitting $54.02. 1,177,742 shares of the company's stock traded hands, compared to its average volume of 1,785,693. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock's fifty day simple moving average is $53.01 and its two-hundred day simple moving average is $48.73. Mplx Lp has a 12-month low of $39.56 and a 12-month high of $54.87. The stock has a market cap of $55.23 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.69 and a beta of 1.40.

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

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx's dividend payout ratio (DPR) is presently 90.74%.

Insider Buying and Selling at Mplx

In other Mplx news, VP Shawn M. Lyon acquired 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the purchase, the vice president now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MPLX shares. 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 report on Tuesday, March 11th. Barclays lifted their price target on Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Raymond James raised their target price on shares of Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. StockNews.com lowered shares of Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.00.

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.