Mplx Lp (NYSE:MPLX) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. lessened its holdings in shares of Mplx Lp (NYSE:MPLX - Free Report) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,783,702 shares of the pipeline company's stock after selling 216,996 shares during the quarter. Mplx makes up approximately 8.0% of Alps Advisors Inc.'s investment portfolio, making the stock its 4th largest position. Alps Advisors Inc. owned approximately 2.52% of Mplx worth $1,379,944,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new position in Mplx during the fourth quarter worth approximately $31,000. Rossby Financial LCC bought a new stake in shares of Mplx during the first quarter worth approximately $33,000. JFS Wealth Advisors LLC bought a new stake in shares of Mplx during the first quarter worth approximately $37,000. MorganRosel Wealth Management LLC bought a new stake in shares of Mplx during the first quarter worth approximately $48,000. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Mplx during the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 24.25% of the company's stock.

Wall Street Analyst Weigh In

MPLX has been the subject of a number of research analyst reports. Barclays boosted their price objective on Mplx from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday. Royal Bank Of Canada boosted their price objective on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $55.63.

Mplx Price Performance

Shares of MPLX stock traded up $0.25 during trading on Friday, hitting $50.71. The company had a trading volume of 1,077,816 shares, compared to its average volume of 1,654,619. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.08. The firm has a market capitalization of $51.76 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.57 and a beta of 0.73. The stock's 50-day moving average price is $50.98 and its 200 day moving average price is $51.30. 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 issued its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a return on equity of 32.08% and a net margin of 36.34%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. Equities 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. Shareholders of record on Friday, May 9th were given a dividend of $0.9565 per share. The ex-dividend date was Friday, May 9th. This represents a $3.83 annualized dividend and a yield of 7.54%. Mplx's dividend payout ratio is currently 88.45%.

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.