Mplx Lp (NYSE:MPLX) Shares Sold by NBW Capital LLC

NBW Capital LLC lowered its stake in Mplx Lp (NYSE:MPLX) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,057 shares of the pipeline company’s stock after selling 3,167 shares during the quarter. Mplx comprises about 2.3% of NBW Capital LLC’s portfolio, making the stock its 10th biggest holding. NBW Capital LLC’s holdings in Mplx were worth $12,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. PFG Investments LLC lifted its holdings in Mplx by 38.5% in the fourth quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock worth $1,843,000 after purchasing an additional 10,705 shares during the period. Walnut Private Equity Partners LLC lifted its holdings in Mplx by 479.6% in the fourth 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 lifted its holdings in 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 purchasing an additional 18,714 shares during the period. Glenmede Trust Co. NA lifted its holdings in Mplx by 7.2% in the third quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock worth $6,647,000 after purchasing an additional 10,000 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its holdings in Mplx by 7.4% in 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. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MPLX shares. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday. Wells Fargo & Company upped their price target on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. UBS Group upped their price target on shares of Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays upped their price target on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Raymond James upped their price target on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, Mplx presently has an average rating of “Moderate Buy” and a consensus target price of $52.11.

Mplx Price Performance

MPLX stock opened at $54.22 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. Mplx Lp has a one year low of $39.01 and a one year high of $54.79. The firm has a market capitalization of $55.24 billion, a PE ratio of 12.88, a P/E/G ratio of 1.69 and a beta of 1.42. The firm has a 50-day moving average of $51.27 and a two-hundred day moving average of $47.44.

Mplx (NYSE:MPLX) last posted 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. The company 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.06%. Mplx’s dividend payout ratio is 90.74%.

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.