2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lessened its stake in shares of Mplx Lp ( NYSE:MPLX – Free Report ) by 27.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 269,978 shares of the pipeline company’s stock after selling 101,710 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mplx were worth $12,921,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in MPLX. PFG Investments LLC boosted its position in Mplx by 38.5% during the 4th quarter.
PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock valued at $1,843,000 after buying an additional 10,705 shares during the period. Walnut Private Equity Partners LLC raised its stake in shares of Mplx by 479.6% during the fourth quarter.
Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after acquiring an additional 127,100 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Mplx by 387.5% during 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. Larson Financial Group LLC boosted its holdings in shares of Mplx by 9,134.1% during the fourth quarter.
Larson Financial Group LLC now owns 11,635 shares of the pipeline company’s stock worth $557,000 after purchasing an additional 11,509 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in shares of Mplx by 0.5% in the fourth quarter.
CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,506,962 shares of the pipeline company’s stock worth $72,123,000 after purchasing an additional 8,166 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.
Insider Transactions at Mplx In other news, VP Shawn M. Lyon acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of $52.
75 per share, for a total transaction of $211,000.00. Following the acquisition, the vice president now directly owns 25,299 shares in the company, valued at approximately $1,334,522.
25. The trade was a 18.78 % increase in their ownership of the stock.
The acquisition was disclosed in a filing with the SEC, which can be accessed through this link . Mplx Trading Up 0.5 % Mplx ( NYSE:MPLX – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 4th.
The pipeline company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.
03. Mplx had a return on equity of 31.94% and a net margin of 36.
18%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.
07 billion. During the same period in the previous year, the firm posted $1.10 EPS.
The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Mplx Lp will post 4.
41 EPS for the current fiscal year. Mplx Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued 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 7.58%. Mplx’s payout ratio is presently 90.
74%. Analyst Upgrades and Downgrades MPLX has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on Mplx from $54.
00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Raymond James raised their price target on Mplx from $55.
00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Royal Bank of Canada boosted their price objective on shares of Mplx from $55.
00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, March 17th. Barclays raised their target price on shares of Mplx from $52.
00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Finally, StockNews.
com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.00. View Our Latest Stock Analysis on Mplx Mplx Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding MPLX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Mplx Lp ( NYSE:MPLX – Free Report ). Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter .
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