Mplx Lp (NYSE:MPLX) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its stake in Mplx Lp (NYSE:MPLX - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,548 shares of the pipeline company's stock after selling 18,948 shares during the period. LPL Financial LLC's holdings in Mplx were worth $15,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of MPLX. PFG Investments LLC raised its position in shares of Mplx by 38.5% in the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company's stock worth $1,843,000 after acquiring an additional 10,705 shares in the last quarter. Walnut Private Equity Partners LLC grew its stake in Mplx by 479.6% in the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company's stock valued at $7,351,000 after purchasing an additional 127,100 shares during the last quarter. MML Investors Services LLC grew its stake in Mplx by 387.5% in the third quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company's stock valued at $1,047,000 after purchasing an additional 18,714 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Mplx by 9,134.1% during the fourth quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company's stock valued at $557,000 after buying an additional 11,509 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Mplx by 5.3% in the 3rd quarter. Stifel Financial Corp now owns 1,276,828 shares of the pipeline company's stock valued at $56,768,000 after buying an additional 64,714 shares in the last quarter. Institutional investors own 24.25% of the company's stock.

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Insider Transactions at Mplx

In related news, VP Shawn M. Lyon acquired 4,000 shares of Mplx stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 25,299 shares in the company, valued at $1,334,522.25. This represents a 18.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note 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. Wells Fargo & Company increased their price target on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Morgan Stanley boosted their price objective on shares of Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Finally, Raymond James increased their price objective on Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $54.00.

Mplx Price Performance

Shares of MPLX stock traded down $3.64 on Friday, reaching $48.53. 6,052,575 shares of the company were exchanged, compared to its average volume of 1,792,991. Mplx Lp has a 1 year low of $39.56 and a 1 year 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 business has a 50-day moving average price of $53.11 and a 200 day moving average price of $49.16. The company has a market cap of $49.62 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.69 and a beta of 1.40.

Mplx (NYSE:MPLX - Get Free Report) last released 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 business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Equities research analysts forecast that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx's dividend payout ratio (DPR) is 90.74%.

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.