Mplx Lp (NYSE:MPLX) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA decreased its position in shares of Mplx Lp (NYSE:MPLX) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 868,779 shares of the pipeline company’s stock after selling 9,977 shares during the quarter. Mplx makes up approximately 5.6% of Beach Investment Counsel Inc. PA’s investment portfolio, making the stock its 4th biggest position. Beach Investment Counsel Inc. PA’s holdings in Mplx were worth $41,580,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MPLX. PFG Investments LLC boosted its stake in Mplx by 38.5% in the fourth quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock valued at $1,843,000 after acquiring an additional 10,705 shares during the last quarter. Walnut Private Equity Partners LLC boosted its stake in Mplx by 479.6% in the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock worth $7,351,000 after purchasing an additional 127,100 shares during the period. MML Investors Services LLC increased its holdings in Mplx by 387.5% during the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after purchasing an additional 18,714 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Mplx by 7.2% in the third quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock valued at $6,647,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted 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 buying an additional 19,320 shares during the period. 24.25% of the stock is currently owned by institutional investors.

Mplx Stock Performance

MPLX opened at $52.32 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock has a market cap of $53.30 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 2.33 and a beta of 1.42. Mplx Lp has a 12-month low of $37.04 and a 12-month high of $53.55. The business has a 50 day moving average of $49.39 and a 200-day moving average of $45.79.

Mplx (NYSE:MPLX) last issued 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 return on equity of 32.70% and a net margin of 36.77%. On average, equities research analysts expect that Mplx Lp will post 4.18 earnings per share for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.31%. The ex-dividend date is Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is 90.33%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

MPLX has been the topic of several research reports. Bank of America began coverage on Mplx in a research note on Thursday, October 17th. They issued an “underperform” rating and a $43.00 target price on the stock. Royal Bank of Canada boosted their price objective on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. UBS Group boosted their price target on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company raised their price objective on Mplx from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

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.