Mplx Lp (NYSE:MPLX) VP Shawn M. Lyon Acquires 4,000 Shares

Mplx Lp (NYSE:MPLX - Get Free Report) VP Shawn M. Lyon purchased 4,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the acquisition, the vice president now 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 legal filing with the SEC, which is available through the SEC website.

Mplx Stock Performance

Shares of NYSE MPLX opened at $52.33 on Tuesday. 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 has a market capitalization of $53.31 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.69 and a beta of 1.40. The stock's fifty day simple moving average is $51.75 and its 200 day simple moving average is $47.81. Mplx Lp has a 52-week low of $39.56 and a 52-week high of $54.79.

Mplx (NYSE:MPLX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. The business 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. As a group, sell-side analysts forecast that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.9565 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.31%. Mplx's dividend payout ratio is 90.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Mplx by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company's stock valued at $330,448,000 after buying an additional 266,998 shares in the last quarter. ING Groep NV grew its holdings in shares of Mplx by 69.8% during the third quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company's stock valued at $294,699,000 after buying an additional 2,725,000 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its position in Mplx by 0.8% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 5,735,562 shares of the pipeline company's stock worth $255,003,000 after purchasing an additional 45,271 shares during the last quarter. BROOKFIELD Corp ON increased its position in Mplx by 1.9% in the 4th quarter. BROOKFIELD Corp ON now owns 4,221,615 shares of the pipeline company's stock worth $202,047,000 after purchasing an additional 79,799 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in Mplx by 5.0% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,279,124 shares of the pipeline company's stock worth $109,079,000 after purchasing an additional 108,228 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on MPLX shares. UBS Group lifted their target price on Mplx from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Truist Financial lifted their target price on Mplx from $48.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Royal Bank of Canada lifted their target price on Mplx from $50.00 to $52.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Finally, Barclays lifted their target price on Mplx from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.11.

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About Mplx

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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