Brave Warrior Advisors LLC Cuts Stock Position in Mplx Lp (NYSE:MPLX)

Brave Warrior Advisors LLC lowered its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,418,154 shares of the pipeline company's stock after selling 14,812 shares during the period. Mplx comprises about 5.3% of Brave Warrior Advisors LLC's portfolio, making the stock its 12th biggest position. Brave Warrior Advisors LLC owned about 0.43% of Mplx worth $211,453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MPLX. Geode Capital Management LLC grew its stake in shares of Mplx by 5.3% in the third quarter. Geode Capital Management LLC now owns 15,488 shares of the pipeline company's stock worth $689,000 after purchasing an additional 785 shares during the last quarter. Tidal Investments LLC grew its position in shares of Mplx by 23.2% in the 3rd quarter. Tidal Investments LLC now owns 14,764 shares of the pipeline company's stock valued at $656,000 after buying an additional 2,785 shares during the last quarter. CWA Asset Management Group LLC increased its stake in shares of Mplx by 1.8% in the fourth quarter. CWA Asset Management Group LLC now owns 21,120 shares of the pipeline company's stock valued at $1,011,000 after buying an additional 380 shares during the period. Fortem Financial Group LLC raised its position in shares of Mplx by 14.2% during the fourth quarter. Fortem Financial Group LLC now owns 28,101 shares of the pipeline company's stock worth $1,345,000 after acquiring an additional 3,501 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Mplx in the fourth quarter worth approximately $354,000. Institutional investors and hedge funds own 24.25% of the company's stock.

Mplx Stock Up 1.1 %

Shares of MPLX traded up $0.56 during trading hours on Thursday, reaching $49.81. The stock had a trading volume of 2,429,855 shares, compared to its average volume of 1,765,914. The firm has a 50-day simple moving average of $51.57 and a 200 day simple moving average of $50.04. Mplx Lp has a 12 month low of $39.84 and a 12 month high of $54.87. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $50.93 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.69 and a beta of 0.76.

Mplx (NYSE:MPLX - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.03. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $3.15 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. Equities research analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Friday, May 9th. Mplx's dividend payout ratio is currently 90.74%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MPLX shares. 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. 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. Raymond James increased their price target on Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Finally, Barclays raised their target price on Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mplx presently has a consensus rating of "Moderate Buy" and an average target price of $55.88.

Insider Transactions at Mplx

In related news, VP Shawn M. Lyon purchased 4,000 shares of the firm's stock in a transaction that occurred 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 acquisition, the vice president now owns 25,299 shares of the company's stock, valued at $1,334,522.25. This represents a 18.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Mplx

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.