XTX Topco Ltd Acquires New Shares in Mplx Lp (NYSE:MPLX)

XTX Topco Ltd acquired a new stake in Mplx Lp (NYSE:MPLX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 43,850 shares of the pipeline company's stock, valued at approximately $2,099,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MML Investors Services LLC increased its stake in Mplx by 387.5% during the third quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company's stock worth $1,047,000 after acquiring an additional 18,714 shares during the last quarter. M&T Bank Corp acquired a new stake in Mplx during the 3rd quarter worth approximately $2,023,000. Geode Capital Management LLC raised its holdings in Mplx by 5.3% in the third quarter. Geode Capital Management LLC now owns 15,488 shares of the pipeline company's stock valued at $689,000 after buying an additional 785 shares during the period. Sanctuary Advisors LLC lifted its position in Mplx by 9.3% during the third quarter. Sanctuary Advisors LLC now owns 21,530 shares of the pipeline company's stock valued at $957,000 after buying an additional 1,832 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Mplx by 23.2% during the third quarter. Tidal Investments LLC now owns 14,764 shares of the pipeline company's stock worth $656,000 after buying an additional 2,785 shares during the period. Hedge funds and other institutional investors own 24.25% of the company's stock.

Mplx Price Performance

Mplx stock traded up $0.27 during trading hours on Friday, hitting $50.49. 1,755,271 shares of the company traded hands, compared to its average volume of 1,792,089. The firm's 50-day simple moving average is $52.18 and its two-hundred day simple moving average is $49.43. The firm has a market cap of $51.63 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.69 and a beta of 1.11. Mplx Lp has a 1-year low of $39.84 and a 1-year high of $54.87. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

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

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date of this dividend was Monday, February 3rd. Mplx's dividend payout ratio (DPR) is presently 90.74%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays upped their price target on shares of Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Morgan Stanley boosted their price target on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. 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. Finally, Royal Bank of Canada upped their target price on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Mplx presently has an average rating of "Moderate Buy" and a consensus price target of $54.00.

Insider Activity

In other Mplx news, VP Shawn M. Lyon acquired 4,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the transaction, the vice president now owns 25,299 shares of the company's stock, valued at $1,334,522.25. The trade was a 18.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.