Mplx Lp (NYSE:MPLX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in Mplx Lp (NYSE:MPLX - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 357,388 shares of the pipeline company's stock after selling 35,063 shares during the period. Nuveen Asset Management LLC's holdings in Mplx were worth $17,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $330,448,000 after purchasing an additional 266,998 shares during the last quarter. PFG Investments LLC raised its stake in shares of Mplx by 38.5% during the fourth quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company's stock valued at $1,843,000 after acquiring an additional 10,705 shares in the last quarter. Bramshill Investments LLC raised its stake in shares of Mplx by 71.4% during the fourth quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company's stock valued at $1,442,000 after acquiring an additional 12,556 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Mplx by 9,134.1% during the fourth quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company's stock valued at $557,000 after acquiring an additional 11,509 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in Mplx by 0.5% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,506,962 shares of the pipeline company's stock worth $72,123,000 after buying an additional 8,166 shares in the last quarter. Institutional investors own 24.25% of the company's stock.

Insider Activity

In other news, VP Shawn M. Lyon acquired 4,000 shares of Mplx stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MPLX. Wall Street Zen lowered shares of Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Raymond James upped their price target on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Wells Fargo & Company upped their price target 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. Finally, Barclays dropped their price target on shares of Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Mplx has a consensus rating of "Moderate Buy" and a consensus price target of $55.50.

Mplx Stock Down 0.5%

Mplx stock traded down $0.27 during mid-day trading on Thursday, reaching $50.60. 230,112 shares of the company's stock were exchanged, compared to its average volume of 1,808,554. The company has a market cap of $51.65 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.69 and a beta of 0.76. Mplx Lp has a twelve month low of $39.95 and a twelve 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. The company has a fifty day moving average of $50.75 and a 200-day moving average of $50.66.

Mplx (NYSE:MPLX - Get Free Report) last announced 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 net margin of 36.18% and a return on equity of 31.94%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the business earned $0.98 EPS. The company's revenue was up 9.8% on a year-over-year basis. Sell-side analysts expect that Mplx Lp will post 4.41 EPS for the current 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. The ex-dividend date was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.56%. Mplx's payout ratio is 88.22%.

Mplx Company 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.