Jump Financial LLC Sells 17,868 Shares of Mplx Lp (NYSE:MPLX)

Jump Financial LLC trimmed its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 40.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,404 shares of the pipeline company's stock after selling 17,868 shares during the quarter. Jump Financial LLC's holdings in Mplx were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MPLX. FMR LLC raised its position in Mplx by 141.1% in the fourth 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. raised its stake in Mplx by 2.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,971,331 shares of the pipeline company's stock valued at $94,348,000 after purchasing an additional 37,845 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Mplx by 1.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,568,200 shares of the pipeline company's stock valued at $75,054,000 after buying an additional 17,900 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in shares of 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 worth $72,123,000 after purchasing an additional 8,166 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its position in Mplx by 5,070.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company's stock worth $46,797,000 after buying an additional 958,881 shares during the period. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

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 that occurred on Friday, March 7th. The stock was acquired at an average price of $52.75 per share, with a total value of $211,000.00. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mplx Stock Up 0.0 %

Shares of NYSE MPLX traded up $0.02 during mid-day trading on Friday, reaching $52.54. The company had a trading volume of 908,505 shares, compared to its average volume of 1,774,034. Mplx Lp has a 12-month low of $39.84 and a 12-month high of $54.87. 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 company has a market capitalization of $53.72 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.69 and a beta of 1.11. The stock has a fifty day moving average of $51.93 and a two-hundred day moving average of $49.67.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $3.06 billion during 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 firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, equities research analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MPLX. Barclays upped their price objective on Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. StockNews.com downgraded shares of Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Wells Fargo & Company lifted their price objective on Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Raymond James boosted their target price on shares of Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price target on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.