Mplx Lp (NYSE:MPLX) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC trimmed its stake in shares of Mplx Lp (NYSE:MPLX) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,572 shares of the pipeline company’s stock after selling 1,063 shares during the quarter. Larson Financial Group LLC’s holdings in Mplx were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Mplx by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company’s stock valued at $330,448,000 after buying an additional 266,998 shares in the last quarter. BROOKFIELD Corp ON raised its holdings in Mplx by 1.9% during the 4th quarter. BROOKFIELD Corp ON now owns 4,221,615 shares of the pipeline company’s stock worth $202,047,000 after buying an additional 79,799 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Mplx by 5.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,279,124 shares of the pipeline company’s stock valued at $109,079,000 after purchasing an additional 108,228 shares during the last quarter. FMR LLC raised its holdings in shares of Mplx by 141.1% in the fourth quarter. FMR LLC now owns 1,985,181 shares of the pipeline company’s stock valued at $95,011,000 after purchasing an additional 1,161,714 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in shares of Mplx by 2.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,971,331 shares of the pipeline company’s stock valued at $94,348,000 after buying an additional 37,845 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Trading Up 0.0%

Shares of NYSE MPLX opened at $50.48 on Friday. Mplx Lp has a twelve month low of $39.95 and a twelve month high of $54.87. The business has a fifty day simple moving average of $51.04 and a two-hundred day simple moving average of $51.38. The firm has a market cap of $51.53 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.73. The company has a quick ratio of 1.04, a current ratio of 1.08 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.07 by $0.03. Mplx had a return on equity of 32.08% and a net margin of 36.34%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business earned $0.98 EPS. Mplx’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued 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 was Friday, May 9th. Mplx’s dividend payout ratio is currently 88.45%.

Analysts Set New Price Targets

Separately, Barclays reaffirmed an “overweight” rating and issued a $53.00 price objective (up previously from $52.00) on shares of Mplx in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.63.

Mplx Company Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.