Evercore Wealth Management LLC Has $6.32 Million Holdings in Mplx Lp (NYSE:MPLX)

Evercore Wealth Management LLC raised its position in Mplx Lp (NYSE:MPLX - Free Report) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,053 shares of the pipeline company's stock after purchasing an additional 20,000 shares during the quarter. Evercore Wealth Management LLC's holdings in Mplx were worth $6,320,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MPLX shares. Wells Fargo & Company increased their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Morgan Stanley boosted their target price on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Barclays raised their target price on Mplx from $52.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. Royal Bank of Canada raised 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. Finally, StockNews.com cut shares of Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $54.00.

Insider Activity

In other news, VP Shawn M. Lyon bought 4,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Mplx Stock Performance

MPLX traded down $0.41 during trading on Monday, hitting $52.16. The stock had a trading volume of 736,746 shares, compared to its average volume of 1,766,112. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market cap of $53.33 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.69 and a beta of 1.11. The company has a 50 day moving average price of $51.93 and a 200-day moving average price of $49.75. Mplx Lp has a one year low of $39.84 and a one year high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last released 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 net margin of 36.18% and a return on equity of 31.94%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the firm earned $1.10 earnings per share. Mplx's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Mplx Lp will post 4.41 EPS for the current 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.