Evercore Wealth Management LLC Grows Stake in Mplx Lp (NYSE:MPLX)

Evercore Wealth Management LLC grew its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,053 shares of the pipeline company's stock after buying an additional 20,000 shares during the period. Evercore Wealth Management LLC's holdings in Mplx were worth $6,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPLX. FMR LLC raised its position in shares of Mplx by 141.1% in the 4th quarter. FMR LLC now owns 1,985,181 shares of the pipeline company's stock worth $95,011,000 after acquiring an additional 1,161,714 shares in the last quarter. Duff & Phelps Investment Management Co. grew its stake in Mplx by 2.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,971,331 shares of the pipeline company's stock worth $94,348,000 after purchasing an additional 37,845 shares during the period. Allianz Asset Management GmbH raised its holdings in Mplx by 1.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,568,200 shares of the pipeline company's stock worth $75,054,000 after purchasing an additional 17,900 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Mplx by 0.5% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,506,962 shares of the pipeline company's stock valued at $72,123,000 after buying an additional 8,166 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Mplx by 10.7% during the 4th quarter. Stifel Financial Corp now owns 1,412,895 shares of the pipeline company's stock valued at $67,621,000 after buying an additional 136,067 shares in the last quarter. Institutional investors own 24.25% of the company's stock.

Analyst Ratings Changes

MPLX has been the subject of a number of recent research reports. Raymond James lifted 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 lifted their target price on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Monday, March 17th. StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Morgan Stanley lifted their price objective on Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company increased their target price on Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.00.

Mplx Price Performance

Shares of NYSE:MPLX opened at $50.68 on Wednesday. The business has a 50-day simple moving average of $52.06 and a two-hundred day simple moving average of $49.54. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market cap of $51.82 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. Mplx Lp has a fifty-two week low of $39.84 and a fifty-two week high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last released its quarterly 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 firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The company's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. On average, analysts expect that Mplx Lp will post 4.41 earnings per share for the current year.

Insider Buying and Selling at Mplx

In other Mplx news, VP Shawn M. Lyon acquired 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $52.75 per share, with a total value of $211,000.00. Following the transaction, the vice president now directly owns 25,299 shares in the company, valued at approximately $1,334,522.25. The trade was a 18.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.

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