Mplx Lp (NYSE:MPLX) Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC decreased its position in Mplx Lp (NYSE:MPLX) by 36.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,577 shares of the pipeline company’s stock after selling 20,568 shares during the quarter. Morningstar Investment Management LLC’s holdings in Mplx were worth $1,751,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors increased its position in shares of Mplx by 0.4% during the third quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company’s stock worth $2,689,000 after acquiring an additional 231 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Mplx by 1.4% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 19,701 shares of the pipeline company’s stock worth $876,000 after purchasing an additional 268 shares during the last quarter. Cherry Creek Investment Advisors Inc. raised its position in shares of Mplx by 2.0% in the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 14,204 shares of the pipeline company’s stock valued at $632,000 after purchasing an additional 279 shares in the last quarter. FORA Capital LLC boosted its stake in shares of Mplx by 2.2% during the 3rd quarter. FORA Capital LLC now owns 15,320 shares of the pipeline company’s stock valued at $681,000 after buying an additional 332 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its position in shares of Mplx by 3.9% during the third quarter. Fidelis Capital Partners LLC now owns 9,032 shares of the pipeline company’s stock worth $396,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

MPLX stock opened at $53.76 on Thursday. Mplx Lp has a 1 year low of $38.44 and a 1 year high of $54.74. The stock has a market capitalization of $54.77 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 2.41 and a beta of 1.42. 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 stock’s fifty day moving average is $50.24 and its two-hundred day moving average is $46.67.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm posted $1.10 EPS. Mplx’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date was Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is 90.97%.

Analysts Set New Price Targets

MPLX has been the topic of several recent analyst reports. StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Raymond James increased their price target on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Truist Financial boosted their price objective on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company lifted their target price on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, UBS Group boosted their price target on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.11.

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.