Mplx Lp (NYSE:MPLX) Shares Sold by Distillate Capital Partners LLC

Distillate Capital Partners LLC lessened its holdings in Mplx Lp (NYSE:MPLX - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 486,452 shares of the pipeline company's stock after selling 37,136 shares during the period. Mplx accounts for approximately 1.1% of Distillate Capital Partners LLC's holdings, making the stock its 23rd biggest position. Distillate Capital Partners LLC's holdings in Mplx were worth $23,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in Mplx in the 4th quarter valued at $31,000. Geneos Wealth Management Inc. grew its position in shares of Mplx by 56.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company's stock valued at $54,000 after purchasing an additional 409 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Mplx in the fourth quarter worth about $56,000. Russell Investments Group Ltd. lifted its position in shares of Mplx by 139.6% in the fourth quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company's stock worth $85,000 after buying an additional 1,040 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in Mplx during the fourth quarter valued at approximately $98,000. 24.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Shawn M. Lyon bought 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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Mplx Price Performance

Shares of MPLX traded up $0.80 during mid-day trading on Thursday, hitting $51.02. 1,213,328 shares of the company were exchanged, compared to its average volume of 1,793,228. The company has a 50 day moving average of $52.30 and a 200-day moving average of $49.35. Mplx Lp has a 1-year low of $39.79 and a 1-year high of $54.87. The stock has a market cap of $52.16 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. 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 posted its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. Mplx's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Analysts expect that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.9565 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.50%. Mplx's dividend payout ratio (DPR) is 90.74%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MPLX. Morgan Stanley lifted their price objective on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. 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. Raymond James increased their price objective 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 boosted their target price on shares of Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Finally, Wells Fargo & Company upped their target price on shares of Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.