MPLX LP (NYSE:MPLX) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC lessened its position in MPLX LP (NYSE:MPLX - Free Report) by 27.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,919 shares of the pipeline company's stock after selling 13,877 shares during the period. Lindbrook Capital LLC's holdings in MPLX were worth $1,922,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake 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 valued at $95,011,000 after purchasing an additional 1,161,714 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of MPLX in the fourth quarter valued at about $41,917,000. Neuberger Berman Group LLC lifted its stake in shares of MPLX by 221.9% in the fourth quarter. Neuberger Berman Group LLC now owns 643,995 shares of the pipeline company's stock valued at $30,822,000 after purchasing an additional 443,910 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of MPLX by 21.0% in the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,822,709 shares of the pipeline company's stock valued at $97,551,000 after purchasing an additional 315,747 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of MPLX by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company's stock valued at $330,448,000 after purchasing an additional 266,998 shares during the period. Institutional investors and hedge funds own 24.25% of the company's stock.

MPLX Trading Up 0.5%

MPLX stock traded up $0.24 during trading on Friday, reaching $50.76. The company had a trading volume of 1,360,200 shares, compared to its average volume of 1,652,661. MPLX LP has a 12-month low of $39.95 and a 12-month high of $54.87. The stock's 50 day moving average price is $51.08 and its two-hundred day moving average price is $51.42. The firm has a market capitalization of $51.82 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.32 and a beta of 0.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.08.

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 (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.03. MPLX had a net margin of 36.34% and a return on equity of 32.08%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. MPLX's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts expect that MPLX LP will post 4.41 earnings per share for the current fiscal year.

MPLX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a dividend of $0.9565 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.54%. MPLX's payout ratio is currently 88.45%.

Wall Street Analysts Forecast Growth

Separately, Barclays restated an "overweight" rating and set a $53.00 target price (up previously from $52.00) on shares of MPLX in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, MPLX presently has an average rating of "Moderate Buy" and an average price target of $55.63.

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.