Mplx Lp (NYSE:MPLX) Shares Sold by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC cut its holdings in Mplx Lp (NYSE:MPLX - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,935 shares of the pipeline company's stock after selling 8,274 shares during the quarter. One Charles Private Wealth Services LLC's holdings in Mplx were worth $1,337,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Strategic Financial Concepts LLC raised its stake in Mplx by 5,070.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company's stock worth $46,797,000 after acquiring an additional 958,881 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Mplx during the 4th quarter worth approximately $41,917,000. FMR LLC lifted its stake in Mplx by 387.4% during the 3rd quarter. FMR LLC now owns 823,467 shares of the pipeline company's stock valued at $36,611,000 after acquiring an additional 654,500 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Mplx by 368.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 188,057 shares of the pipeline company's stock valued at $9,000,000 after acquiring an additional 147,872 shares during the last quarter. Finally, Walnut Private Equity Partners LLC increased its stake in shares of Mplx by 479.6% in the fourth quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company's stock worth $7,351,000 after acquiring an additional 127,100 shares during the period. Institutional investors and hedge funds own 24.25% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley upped their price target 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. Wells Fargo & Company lifted their price target on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Raymond James upped their price objective on Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. StockNews.com lowered shares of Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Finally, Barclays increased their price target on shares of Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Mplx presently has a consensus rating of "Moderate Buy" and an average target price of $54.00.

Mplx Price Performance

NYSE MPLX traded down $0.55 on Tuesday, hitting $53.34. The company had a trading volume of 1,109,946 shares, compared to its average volume of 1,747,815. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The company's fifty day moving average price is $52.81 and its 200-day moving average price is $48.58. The company has a market capitalization of $54.54 billion, a PE ratio of 12.67, a PEG ratio of 1.69 and a beta of 1.40. Mplx Lp has a 12-month low of $39.56 and a 12-month high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last released its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 36.18% and a return on equity of 31.94%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. As a group, analysts predict that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The company 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. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.17%. Mplx's dividend payout ratio (DPR) is presently 90.74%.

Insider Transactions at Mplx

In other Mplx news, VP Shawn M. Lyon bought 4,000 shares of Mplx stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the transaction, the vice president now directly owns 25,299 shares of the company's stock, valued at approximately $1,334,522.25. This 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 available 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.