One Charles Private Wealth Services LLC Sells 8,274 Shares of Mplx Lp (NYSE:MPLX)

One Charles Private Wealth Services LLC trimmed its position in Mplx Lp (NYSE:MPLX) by 22.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,935 shares of the pipeline company’s stock after selling 8,274 shares during the period. One Charles Private Wealth Services LLC’s holdings in Mplx were worth $1,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC raised its stake in shares of Mplx by 5,070.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company’s stock worth $46,797,000 after purchasing an additional 958,881 shares during the period. Raymond James Financial Inc. bought a new stake in Mplx in the fourth quarter worth about $41,917,000. FMR LLC boosted its stake in Mplx by 387.4% in the third quarter. FMR LLC now owns 823,467 shares of the pipeline company’s stock valued at $36,611,000 after acquiring an additional 654,500 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Mplx by 368.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 188,057 shares of the pipeline company’s stock valued at $9,000,000 after acquiring an additional 147,872 shares during the period. Finally, Walnut Private Equity Partners LLC increased its stake in shares of Mplx by 479.6% during 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 last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Insider Activity

In related news, VP Shawn M. Lyon acquired 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the transaction, the vice president now owns 25,299 shares in the company, valued at $1,334,522.25. This represents a 18.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Mplx Price Performance

Shares of NYSE:MPLX opened at $54.00 on Friday. Mplx Lp has a 12 month low of $39.56 and a 12 month high of $54.87. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The stock has a market cap of $55.21 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.69 and a beta of 1.40. The company has a 50 day moving average of $52.60 and a 200 day moving average of $48.35.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. As a group, sell-side analysts forecast that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.9565 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.09%. Mplx’s payout ratio is currently 90.74%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MPLX shares. Royal Bank of Canada increased their price objective on Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley increased their price target on Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th. Wells Fargo & Company boosted their price objective on Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Finally, Barclays boosted their price target on shares of Mplx from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Mplx has an average rating of “Moderate Buy” and an average target price of $54.00.

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.