Crescent Grove Advisors LLC Sells 4,802 Shares of Mplx Lp (NYSE:MPLX)

Crescent Grove Advisors LLC trimmed its position in shares of Mplx Lp (NYSE:MPLX) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,601 shares of the pipeline company’s stock after selling 4,802 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Mplx were worth $3,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MPLX. Glenmede Trust Co. NA raised its stake in Mplx by 7.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock worth $6,647,000 after buying an additional 10,000 shares during the period. MML Investors Services LLC increased its holdings in shares of Mplx by 387.5% in 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 in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Mplx by 7.4% during the third quarter. Catalyst Capital Advisors LLC now owns 280,885 shares of the pipeline company’s stock worth $12,488,000 after purchasing an additional 19,320 shares during the period. ING Groep NV lifted its holdings in shares of Mplx by 69.8% during the 3rd quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock valued at $294,699,000 after purchasing an additional 2,725,000 shares in the last quarter. Finally, Walnut Private Equity Partners LLC grew its position in shares of Mplx by 479.6% in the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after purchasing an additional 127,100 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Trading Up 0.0 %

Shares of NYSE:MPLX opened at $51.90 on Friday. Mplx Lp has a 52-week low of $37.04 and a 52-week high of $53.15. 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 company has a market capitalization of $52.87 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. The company has a 50-day simple moving average of $49.02 and a 200 day simple moving average of $45.40.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, November 5th. The pipeline company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.04). Mplx had a return on equity of 32.70% and a net margin of 36.77%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Mplx Lp will post 4.18 earnings per share for the current year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.9565 dividend. This represents a $3.83 annualized dividend and a dividend yield of 7.37%. The ex-dividend date is Monday, February 3rd. Mplx’s payout ratio is presently 90.33%.

Insider Transactions at Mplx

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $47.24, for a total value of $188,960.00. Following the transaction, the vice president now directly owns 14,750 shares of the company’s stock, valued at $696,790. This represents a 21.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several brokerages have commented on MPLX. Truist Financial raised their target price on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 19th. Barclays increased their target price on Mplx from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company boosted their price target on Mplx from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price target on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mplx presently has a consensus rating of “Moderate Buy” and an average price target of $49.89.

Mplx Company 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.