Deutsche Bank AG Has $43.67 Million Stock Holdings in Mplx Lp (NYSE:MPLX)

Deutsche Bank AG decreased its position in Mplx Lp (NYSE:MPLX - Free Report) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 912,440 shares of the pipeline company's stock after selling 229,080 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Mplx worth $43,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MPLX. BROOKFIELD Corp ON lifted its position in shares of Mplx by 1.9% during 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 increased its stake in shares of Mplx by 141.1% in the 4th quarter. FMR LLC now owns 1,985,181 shares of the pipeline company's stock worth $95,011,000 after acquiring an additional 1,161,714 shares during the last quarter. Duff & Phelps Investment Management Co. grew its stake 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 valued at $94,348,000 after buying an additional 37,845 shares in the last quarter. Eagle Global Advisors LLC boosted its position in shares of Mplx by 14.6% during the 4th quarter. Eagle Global Advisors LLC now owns 1,857,003 shares of the pipeline company's stock worth $88,876,000 after acquiring an additional 235,977 shares in the last quarter. Finally, Allianz Asset Management GmbH raised 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 valued at $75,054,000 after buying an additional 17,900 shares during the last quarter. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Mplx Trading Down 0.9%

MPLX traded down $0.45 on Monday, hitting $51.65. The company had a trading volume of 162,538 shares, compared to its average volume of 1,722,756. The company has a market cap of $52.81 billion, a PE ratio of 12.27, a PEG ratio of 1.69 and a beta of 0.76. The business's fifty day simple moving average is $51.21 and its 200 day simple moving average is $50.43. Mplx Lp has a 12-month low of $39.95 and a 12-month high of $54.87. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

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. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business posted $0.98 EPS. The company's revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a $0.9565 dividend. The ex-dividend date was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a yield of 7.41%. Mplx's dividend payout ratio (DPR) is presently 88.22%.

Insider Buying and Selling

In other Mplx news, VP Shawn M. Lyon bought 4,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $52.75 per share, with a total value of $211,000.00. Following the completion of the transaction, the vice president now directly owns 25,299 shares in the company, valued at approximately $1,334,522.25. This represents 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.

Wall Street Analysts Forecast Growth

MPLX has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Royal Bank of Canada upped their price target on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. Barclays dropped their price target on Mplx from $55.00 to $52.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Raymond James boosted their target price on Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Mplx currently has an average rating of "Moderate Buy" and a consensus target price of $55.50.

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.