Mplx Lp (NYSE:MPLX) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 12.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,524 shares of the pipeline company's stock after selling 28,278 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Mplx were worth $10,197,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in Mplx during the 4th quarter worth about $31,000. JFS Wealth Advisors LLC purchased a new stake in shares of Mplx in the first quarter worth about $37,000. Generali Asset Management SPA SGR acquired a new stake in Mplx during the fourth quarter worth about $56,000. PSI Advisors LLC raised its position in Mplx by 32.5% during the first quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company's stock valued at $59,000 after acquiring an additional 270 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Mplx by 139.6% during the fourth quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company's stock valued at $85,000 after acquiring an additional 1,040 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company's stock.

Analysts Set New Price Targets

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

Mplx Price Performance

NYSE MPLX traded down $0.10 on Monday, hitting $51.51. The company had a trading volume of 994,171 shares, compared to its average volume of 1,669,118. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 1.04. The company's fifty day moving average price is $51.14 and its 200-day moving average price is $51.14. The company has a market capitalization of $52.58 billion, a PE ratio of 11.90, a PEG ratio of 1.60 and a beta of 0.74. Mplx Lp has a 12-month low of $39.95 and a 12-month high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last announced its 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. Mplx had a net margin of 36.34% and a return on equity of 32.08%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business earned $0.98 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts predict that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.43%. The ex-dividend date was Friday, May 9th. Mplx's payout ratio is 88.45%.

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.