Mariner LLC Sells 4,144 Shares of Mplx Lp (NYSE:MPLX)

Mariner LLC reduced its position in shares of Mplx Lp (NYSE:MPLX) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,054,275 shares of the pipeline company’s stock after selling 4,144 shares during the quarter. Mariner LLC’s holdings in Mplx were worth $50,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CFO4Life Group LLC lifted its position in Mplx by 1.1% during the fourth quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company’s stock valued at $919,000 after purchasing an additional 200 shares during the last quarter. RE Dickinson Investment Advisors LLC lifted its holdings in shares of Mplx by 11.5% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 208 shares during the last quarter. GraniteShares Advisors LLC grew its position in Mplx by 0.5% in the fourth quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company’s stock worth $2,462,000 after acquiring an additional 237 shares in the last quarter. Cherry Creek Investment Advisors Inc. increased its stake in Mplx by 2.0% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 14,489 shares of the pipeline company’s stock worth $693,000 after acquiring an additional 285 shares during the last quarter. Finally, Huntington National Bank raised its position in Mplx by 8.3% during the fourth quarter. Huntington National Bank now owns 3,900 shares of the pipeline company’s stock valued at $187,000 after purchasing an additional 300 shares during the period. 24.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mplx

In other Mplx news, VP Shawn M. Lyon acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $52.75 per share, with a total value of $211,000.00. Following the completion of the acquisition, the vice president now directly owns 25,299 shares in the company, valued at $1,334,522.25. This represents a 18.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. Raymond James lifted their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Barclays raised their target price on shares of Mplx from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Finally, StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. One equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.00.

Mplx Trading Up 2.8 %

Shares of MPLX opened at $49.53 on Tuesday. The firm has a market capitalization of $50.64 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx Lp has a 1-year low of $39.56 and a 1-year high of $54.87. The company has a 50-day moving average of $52.43 and a 200 day moving average of $49.34.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (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 return on equity of 31.94% and a net margin of 36.18%. Mplx’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, research analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.9565 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.72%. Mplx’s dividend payout ratio is currently 90.74%.

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.