6,100 Shares in Mplx Lp (NYSE:MPLX) Acquired by Alpine Global Management LLC

Alpine Global Management LLC acquired a new stake in Mplx Lp (NYSE:MPLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,100 shares of the pipeline company's stock, valued at approximately $292,000.

Other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Mplx in the fourth quarter valued at about $31,000. Geneos Wealth Management Inc. lifted its stake in Mplx by 56.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company's stock worth $54,000 after purchasing an additional 409 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Mplx during the 4th quarter worth approximately $56,000. Russell Investments Group Ltd. grew its position in shares of Mplx by 139.6% in the fourth quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 1,040 shares in the last quarter. Finally, RE Dickinson Investment Advisors LLC increased its holdings in shares of Mplx by 11.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock valued at $96,000 after purchasing an additional 208 shares during the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MPLX. Raymond James boosted their price objective on Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Morgan Stanley lifted their target price on shares of Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Wells Fargo & Company boosted their target price on shares of Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada raised their price target on shares of Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Mplx has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Insider Buying and Selling

In other Mplx news, VP Shawn M. Lyon purchased 4,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was acquired at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mplx Trading Up 0.0 %

Shares of NYSE MPLX traded up $0.02 during trading on Friday, reaching $52.54. The stock had a trading volume of 908,505 shares, compared to its average volume of 1,770,116. 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 company has a market cap of $53.72 billion, a P/E ratio of 12.48, a PEG ratio of 1.69 and a beta of 1.11. Mplx Lp has a fifty-two week low of $39.84 and a fifty-two week high of $54.87. The business's 50-day moving average price is $51.93 and its 200-day moving average price is $49.71.

Mplx (NYSE:MPLX - Get Free Report) last released its earnings results 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. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.07 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. Mplx's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. On average, equities research analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

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.