Diversified Trust Co Has $2.34 Million Position in Mplx Lp (MPLX)

Diversified Trust Co cut its stake in shares of Mplx Lp (NYSE:MPLX) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,843 shares of the pipeline company’s stock after selling 2,105 shares during the period. Diversified Trust Co’s holdings in Mplx Lp were worth $2,340,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MPLX. CENTRAL TRUST Co boosted its position in Mplx Lp by 19.8% in the third quarter. CENTRAL TRUST Co now owns 5,615 shares of the pipeline company’s stock valued at $190,000 after buying an additional 928 shares in the last quarter. Pinnacle Associates Ltd. bought a new position in Mplx Lp during the fourth quarter valued at $202,000. Brown Advisory Inc. bought a new position in Mplx Lp during the fourth quarter valued at $225,000. TCI Wealth Advisors Inc. bought a new position in Mplx Lp during the third quarter valued at $221,000. Finally, Suntrust Banks Inc. boosted its position in Mplx Lp by 4.0% in the third quarter. Suntrust Banks Inc. now owns 7,412 shares of the pipeline company’s stock valued at $250,000 after buying an additional 287 shares in the last quarter. Institutional investors and hedge funds own 67.94% of the company’s stock.

Institutional Ownership by Quarter for Mplx Lp (NYSE:MPLX)

Shares of Mplx Lp (NYSE:MPLX) opened at 35.35 on Friday. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 72.89 and a beta of 1.37. Mplx Lp has a 52-week low of $30.09 and a 52-week high of $39.43. The company’s 50 day moving average is $35.83 and its 200 day moving average is $35.35.

Mplx Lp (NYSE:MPLX) last released its quarterly earnings data on Thursday, April 27th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $886 million for the quarter, compared to analysts’ expectations of $691.38 million. Mplx Lp had a net margin of 7.22% and a return on equity of 3.24%. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.33) earnings per share. Analysts anticipate that Mplx Lp will post $0.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.11%. The ex-dividend date was Thursday, May 4th. This is a boost from Mplx Lp’s previous quarterly dividend of $0.52. Mplx Lp’s payout ratio is currently -3,466.09%.

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Several research analysts have weighed in on MPLX shares. FBR & Co increased their price target on shares of Mplx Lp from $35.00 to $38.00 and gave the company a “mkt perform” rating in a report on Thursday, February 2nd. Barclays PLC raised their target price on shares of Mplx Lp from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Mitsubishi UFJ Financial Group raised shares of Mplx Lp from a “neutral” rating to an “overweight” rating and set a $43.00 target price on the stock in a report on Wednesday, March 1st. Citigroup Inc raised shares of Mplx Lp from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $42.00 to $43.00 in a report on Wednesday, March 1st. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $47.00 target price on shares of Mplx Lp in a report on Friday, March 17th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mplx Lp currently has a consensus rating of “Buy” and an average price target of $42.10.

In related news, VP Randy S. Nickerson sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $36.20, for a total value of $543,000.00. Following the sale, the vice president now owns 177,552 shares in the company, valued at $6,427,382.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

About Mplx Lp

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.

12 Month Chart for NYSE:MPLX

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