Mplx Lp (NYSE:MPLX) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mplx Lp (NYSE:MPLX - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,904,477 shares of the pipeline company's stock after purchasing an additional 266,998 shares during the period. Mplx accounts for approximately 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s investment portfolio, making the stock its 18th biggest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.68% of Mplx worth $330,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPLX. Geode Capital Management LLC boosted its position in Mplx by 5.3% during the third quarter. Geode Capital Management LLC now owns 15,488 shares of the pipeline company's stock worth $689,000 after acquiring an additional 785 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Mplx in the fourth quarter valued at approximately $354,000. Brookstone Capital Management lifted its position in Mplx by 14.1% during the fourth quarter. Brookstone Capital Management now owns 23,161 shares of the pipeline company's stock worth $1,108,000 after buying an additional 2,867 shares in the last quarter. Marcum Wealth LLC acquired a new position in Mplx during the fourth quarter worth $205,000. Finally, Shikiar Asset Management Inc. purchased a new stake in Mplx in the 4th quarter valued at $263,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Shawn M. Lyon bought 4,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the purchase, the vice president now owns 25,299 shares of the company's stock, valued at approximately $1,334,522.25. This represents a 18.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MPLX. StockNews.com lowered Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Morgan Stanley lifted their target price 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. Raymond James increased their price target on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Barclays lifted their price target on shares of Mplx from $52.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Finally, Royal Bank of Canada raised their target price on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $55.88.

Mplx Stock Down 1.4%

Shares of NYSE MPLX opened at $49.03 on Monday. 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 business's 50 day moving average is $51.40 and its two-hundred day moving average is $50.20. Mplx Lp has a 52-week low of $39.84 and a 52-week high of $54.87. The firm has a market cap of $50.13 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.69 and a beta of 0.76.

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 the consensus estimate of $1.07 by $0.03. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company's quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be issued a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Friday, May 9th. Mplx's dividend payout ratio (DPR) is currently 88.22%.

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.

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