Sei Investments Co. Decreases Stock Holdings in Mplx Lp (NYSE:MPLX)

Sei Investments Co. trimmed its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,958 shares of the pipeline company's stock after selling 5,368 shares during the period. Sei Investments Co.'s holdings in Mplx were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. CFO4Life Group LLC raised its position in shares of Mplx by 1.1% in the 4th quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company's stock worth $919,000 after acquiring an additional 200 shares in the last quarter. GraniteShares Advisors LLC grew its position in shares of Mplx by 0.5% in the 4th quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company's stock worth $2,462,000 after buying an additional 237 shares during the last quarter. Cherry Creek Investment Advisors Inc. raised its stake in shares of Mplx by 2.0% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 14,489 shares of the pipeline company's stock worth $693,000 after acquiring an additional 285 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of Mplx by 3.2% during the 4th quarter. Mutual Advisors LLC now owns 12,345 shares of the pipeline company's stock worth $627,000 after acquiring an additional 378 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its position in Mplx by 1.8% during the fourth quarter. CWA Asset Management Group LLC now owns 21,120 shares of the pipeline company's stock valued at $1,011,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently weighed in on MPLX shares. Morgan Stanley raised their price objective on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Barclays boosted their price target on Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Raymond James increased their price objective 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. StockNews.com downgraded shares of Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Finally, Wells Fargo & Company raised their price target on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.00.

Insider Transactions at Mplx

In other news, VP Shawn M. Lyon bought 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $52.75 per share, with a total value of $211,000.00. Following the purchase, the vice president now directly owns 25,299 shares in the company, valued at $1,334,522.25. The trade was a 18.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Mplx Stock Performance

Shares of Mplx stock traded down $0.92 during trading on Thursday, hitting $47.36. 2,181,881 shares of the company's stock were exchanged, compared to its average volume of 1,824,549. Mplx Lp has a 52-week low of $39.56 and a 52-week 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 stock has a market capitalization of $48.42 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.69 and a beta of 1.11. The business has a 50-day simple moving average of $52.60 and a 200-day simple moving average of $49.25.

Mplx (NYSE:MPLX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, research analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.9565 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 8.08%. Mplx's dividend payout ratio is presently 90.74%.

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.