112,695 Shares in Mplx Lp (NYSE:MPLX) Purchased by TrueMark Investments LLC

TrueMark Investments LLC acquired a new stake in shares of Mplx Lp (NYSE:MPLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 112,695 shares of the pipeline company's stock, valued at approximately $5,394,000. Mplx comprises 1.7% of TrueMark Investments LLC's investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in MPLX. Cerity Partners LLC lifted its position in Mplx by 42.5% in the third quarter. Cerity Partners LLC now owns 41,028 shares of the pipeline company's stock worth $1,824,000 after buying an additional 12,236 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of Mplx by 0.6% in the 3rd quarter. Independent Advisor Alliance now owns 69,485 shares of the pipeline company's stock worth $3,089,000 after acquiring an additional 408 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Mplx by 130.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 17,260 shares of the pipeline company's stock valued at $767,000 after purchasing an additional 9,755 shares during the last quarter. D.A. Davidson & CO. raised its position in Mplx by 3.5% in the 3rd quarter. D.A. Davidson & CO. now owns 25,400 shares of the pipeline company's stock worth $1,129,000 after purchasing an additional 862 shares during the period. Finally, FMR LLC lifted its stake in Mplx by 387.4% in the third quarter. FMR LLC now owns 823,467 shares of the pipeline company's stock worth $36,611,000 after purchasing an additional 654,500 shares during the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, VP Shawn M. Lyon purchased 4,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $52.75 per share, for a total transaction 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 trade represents a 18.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mplx Stock Up 0.6 %

Mplx stock traded up $0.34 during mid-day trading on Friday, reaching $54.02. 1,177,742 shares of the company were exchanged, compared to its average volume of 1,785,474. 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 firm has a market cap of $55.23 billion, a P/E ratio of 12.83, a PEG ratio of 1.69 and a beta of 1.40. The business has a fifty day moving average of $53.07 and a 200 day moving average of $48.85. 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 issued 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 company 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 firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. Research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.9565 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.08%. Mplx's dividend payout ratio (DPR) is 90.74%.

Analyst Upgrades and Downgrades

MPLX has been the topic of several recent analyst reports. Royal Bank of Canada increased their price target on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Barclays increased their target price on Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. StockNews.com lowered shares of Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Raymond James raised their price target on shares of Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, 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 research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.00.

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.