Tortoise Capital Advisors L.L.C. Sells 215,709 Shares of Mplx Lp (NYSE:MPLX)

Tortoise Capital Advisors L.L.C. trimmed its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,228,684 shares of the pipeline company's stock after selling 215,709 shares during the period. Mplx makes up about 8.7% of Tortoise Capital Advisors L.L.C.'s holdings, making the stock its 3rd largest holding. Tortoise Capital Advisors L.L.C. owned about 1.40% of Mplx worth $680,985,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MPLX. VSM Wealth Advisory LLC purchased a new position in Mplx in the 4th quarter valued at approximately $31,000. Geneos Wealth Management Inc. raised its stake in shares of Mplx by 56.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company's stock valued at $54,000 after acquiring an additional 409 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Mplx in the fourth quarter valued at $56,000. Russell Investments Group Ltd. grew its stake in Mplx by 139.6% during the 4th quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company's stock worth $85,000 after purchasing an additional 1,040 shares in the last quarter. Finally, RE Dickinson Investment Advisors LLC increased its holdings in Mplx by 11.5% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock worth $96,000 after purchasing an additional 208 shares during the period. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Mplx Stock Performance

Shares of Mplx stock traded up $1.30 during trading on Thursday, reaching $52.47. The company's stock had a trading volume of 1,349,099 shares, compared to its average volume of 1,776,696. The company has a 50-day moving average price of $52.00 and a two-hundred day moving average price of $49.55. Mplx Lp has a fifty-two week low of $39.84 and a fifty-two week high of $54.87. The firm has a market cap of $53.65 billion, a PE ratio of 12.46, a P/E/G ratio of 1.69 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the business posted $1.10 earnings per share. Mplx's quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Insider Activity at Mplx

In other news, VP Shawn M. Lyon acquired 4,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $52.75 per share, with a total value of $211,000.00. Following the purchase, the vice president now owns 25,299 shares of the company's stock, valued at $1,334,522.25. This represents a 18.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MPLX shares. Raymond James lifted their price objective on Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Barclays boosted 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. StockNews.com cut shares of Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Wells Fargo & Company raised 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. Finally, Royal Bank of Canada raised their target price on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. One equities research 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.