Deutsche Bank AG Sells 229,080 Shares of Mplx Lp (NYSE:MPLX)

Deutsche Bank AG lowered its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 912,440 shares of the pipeline company's stock after selling 229,080 shares during the quarter. Deutsche Bank AG owned 0.09% of Mplx worth $43,669,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BROOKFIELD Corp ON grew its holdings in shares of Mplx by 1.9% in the fourth quarter. BROOKFIELD Corp ON now owns 4,221,615 shares of the pipeline company's stock worth $202,047,000 after purchasing an additional 79,799 shares during the last quarter. FMR LLC grew its holdings in shares of Mplx by 141.1% in the fourth quarter. FMR LLC now owns 1,985,181 shares of the pipeline company's stock worth $95,011,000 after purchasing an additional 1,161,714 shares during the last quarter. Duff & Phelps Investment Management Co. grew its holdings in shares of Mplx by 2.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,971,331 shares of the pipeline company's stock worth $94,348,000 after purchasing an additional 37,845 shares during the last quarter. Eagle Global Advisors LLC grew its holdings in shares of Mplx by 14.6% in the fourth quarter. Eagle Global Advisors LLC now owns 1,857,003 shares of the pipeline company's stock worth $88,876,000 after purchasing an additional 235,977 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Mplx by 1.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,568,200 shares of the pipeline company's stock worth $75,054,000 after purchasing an additional 17,900 shares during the last quarter. Institutional investors own 24.25% of the company's stock.

Mplx Price Performance

NYSE MPLX opened at $50.44 on Wednesday. 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 firm's 50 day moving average price is $51.27 and its 200-day moving average price is $50.24. Mplx Lp has a 52-week low of $39.84 and a 52-week high of $54.87. The company has a market cap of $51.58 billion, a PE ratio of 11.98, a P/E/G ratio of 1.69 and a beta of 0.76.

Mplx (NYSE:MPLX - Get Free Report) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.03. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $3.15 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Sell-side analysts forecast that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a $0.9565 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a yield of 7.59%. Mplx's dividend payout ratio is presently 88.22%.

Analyst Ratings Changes

A number of research firms have recently commented on MPLX. Morgan Stanley upped their price target on shares of Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Barclays decreased their target price on Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a research report on Monday. StockNews.com lowered Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Royal Bank of Canada lifted their target price on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. Finally, Wells Fargo & Company lifted their target price on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $55.50.

Insiders Place Their Bets

In other news, VP Shawn M. Lyon bought 4,000 shares of Mplx stock in a transaction on Friday, March 7th. The stock was acquired at an average cost 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 trade represents a 18.78% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mplx Profile

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.

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