Fort Washington Investment Advisors Inc. OH Cuts Stock Position in Mplx Lp (NYSE:MPLX)

Fort Washington Investment Advisors Inc. OH cut its position in Mplx Lp (NYSE:MPLX - Free Report) by 65.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,943 shares of the pipeline company's stock after selling 39,913 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Mplx were worth $1,121,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. VSM Wealth Advisory LLC bought a new stake in shares of Mplx in the fourth quarter valued at $31,000. Generali Asset Management SPA SGR bought a new stake in shares of Mplx during the 4th quarter valued at $56,000. Russell Investments Group Ltd. raised its stake in shares of Mplx by 139.6% during the 4th 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 during the period. RE Dickinson Investment Advisors LLC raised its stake in shares of Mplx by 11.5% during the 4th 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 period. Finally, Rowlandmiller & PARTNERS.ADV bought a new stake in shares of Mplx during the 1st quarter valued at $117,000. 24.25% of the stock is currently owned by institutional investors.

Mplx Price Performance

NYSE MPLX traded down $0.06 during trading on Friday, reaching $51.81. The company's stock had a trading volume of 2,199,046 shares, compared to its average volume of 1,671,496. The stock has a market capitalization of $52.88 billion, a PE ratio of 12.31, a P/E/G ratio of 1.69 and a beta of 0.74. 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 fifty day moving average of $50.59 and a 200 day moving average of $50.98. Mplx Lp has a one year low of $39.95 and a one year high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the prior year, the business earned $0.98 EPS. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts expect that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date was Friday, May 9th. Mplx's payout ratio is currently 88.22%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays decreased their price objective on Mplx from $55.00 to $52.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Royal Bank of Canada boosted their price objective on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Wall Street Zen lowered Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Finally, Morgan Stanley boosted their price objective on Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Mplx presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.50.

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.