MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 266,998 Shares of Mplx Lp (NYSE:MPLX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,904,477 shares of the pipeline company's stock after acquiring an additional 266,998 shares during the period. Mplx comprises about 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 18th largest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.68% of Mplx worth $330,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BROOKFIELD Corp ON increased its stake in Mplx by 1.9% in the 4th quarter. BROOKFIELD Corp ON now owns 4,221,615 shares of the pipeline company's stock valued at $202,047,000 after buying an additional 79,799 shares during the last quarter. FMR LLC increased its stake in Mplx by 141.1% in the 4th quarter. FMR LLC now owns 1,985,181 shares of the pipeline company's stock valued at $95,011,000 after buying an additional 1,161,714 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake in Mplx by 2.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,971,331 shares of the pipeline company's stock valued at $94,348,000 after buying an additional 37,845 shares during the last quarter. Eagle Global Advisors LLC increased its stake in Mplx by 14.6% in the 4th quarter. Eagle Global Advisors LLC now owns 1,857,003 shares of the pipeline company's stock valued at $88,876,000 after buying an additional 235,977 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Mplx by 1.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,568,200 shares of the pipeline company's stock worth $75,054,000 after purchasing an additional 17,900 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mplx

In other news, VP Shawn M. Lyon purchased 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $52.75 per share, with a total value of $211,000.00. Following the acquisition, the vice president now owns 25,299 shares in the company, valued at approximately $1,334,522.25. The trade was a 18.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mplx Stock Performance

Shares of MPLX stock traded up $0.48 during midday trading on Friday, hitting $52.12. 1,370,057 shares of the company were exchanged, compared to its average volume of 1,732,355. The firm has a market capitalization of $53.29 billion, a P/E ratio of 12.38, a PEG ratio of 1.69 and a beta of 0.76. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The firm's 50 day moving average price is $51.21 and its two-hundred day moving average price is $50.35. Mplx Lp has a 52 week low of $39.95 and a 52 week 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, beating analysts' consensus estimates of $1.07 by $0.03. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $3.15 billion. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, equities research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend was Friday, May 9th. Mplx's dividend payout ratio is currently 88.22%.

Analysts Set New Price Targets

MPLX has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Royal Bank of Canada boosted 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. Raymond James boosted their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price objective on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, StockNews.com lowered shares of Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. One investment 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. Based on data from MarketBeat.com, Mplx 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.