Mplx Lp (NYSE:MPLX) Shares Bought by Lido Advisors LLC

Lido Advisors LLC grew its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 85.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,545 shares of the pipeline company's stock after acquiring an additional 15,424 shares during the quarter. Lido Advisors LLC's holdings in Mplx were worth $1,605,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC lifted its stake in Mplx by 141.1% in the fourth quarter. FMR LLC now owns 1,985,181 shares of the pipeline company's stock worth $95,011,000 after purchasing an additional 1,161,714 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Mplx by 5,070.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 977,794 shares of the pipeline company's stock worth $46,797,000 after buying an additional 958,881 shares during the period. Raymond James Financial Inc. bought a new stake in Mplx during the 4th quarter valued at about $41,917,000. Neuberger Berman Group LLC boosted its position in Mplx by 221.9% in the 4th quarter. Neuberger Berman Group LLC now owns 643,995 shares of the pipeline company's stock valued at $30,822,000 after buying an additional 443,910 shares during the period. Finally, Epoch Investment Partners Inc. grew its stake in Mplx by 13.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,378,594 shares of the pipeline company's stock worth $65,980,000 after acquiring an additional 161,901 shares in the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Stock Performance

Shares of Mplx stock traded down $0.45 during midday trading on Wednesday, hitting $49.34. The company had a trading volume of 459,564 shares, compared to its average volume of 1,755,165. The company has a fifty day simple moving average of $51.66 and a 200 day simple moving average of $50.05. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.69 and a beta of 0.76. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Mplx Lp has a 12-month low of $39.84 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $1.07 by $0.03. The business 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 period in the previous year, the firm posted $0.98 earnings per share. As a group, analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, May 9th. This represents a $3.83 annualized dividend and a yield of 7.75%. Mplx's dividend payout ratio (DPR) is presently 90.74%.

Insiders Place Their Bets

In other news, VP Shawn M. Lyon bought 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $52.75 per share, with a total value of $211,000.00. Following the acquisition, the vice president now directly owns 25,299 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Raymond James raised their price target on Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research note 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 note on Tuesday, March 11th. Barclays boosted their price target on shares of Mplx from $52.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Mplx has an average rating of "Moderate Buy" and a consensus price target of $55.88.

Mplx Company Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.