Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in Mplx Lp (NYSE:MPLX)

Mirae Asset Global Investments Co. Ltd. lifted its position in Mplx Lp (NYSE:MPLX - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,463,737 shares of the pipeline company's stock after purchasing an additional 154,529 shares during the quarter. Mplx comprises about 0.5% of Mirae Asset Global Investments Co. Ltd.'s investment portfolio, making the stock its 27th biggest position. Mirae Asset Global Investments Co. Ltd. owned about 0.65% of Mplx worth $237,348,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC increased its stake in Mplx by 104,751.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 69,772,138 shares of the pipeline company's stock worth $2,291,317,000 after acquiring an additional 69,705,594 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Mplx by 18.9% during the third quarter. Alps Advisors Inc. now owns 28,771,793 shares of the pipeline company's stock valued at $1,023,413,000 after buying an additional 4,579,152 shares during the period. Invesco Ltd. boosted its position in shares of Mplx by 4.0% during the third quarter. Invesco Ltd. now owns 20,917,505 shares of the pipeline company's stock valued at $744,036,000 after buying an additional 809,273 shares during the period. UBS Group AG boosted its position in shares of Mplx by 12.2% during the third quarter. UBS Group AG now owns 5,869,436 shares of the pipeline company's stock valued at $208,776,000 after buying an additional 639,199 shares during the period. Finally, Morgan Stanley boosted its position in shares of Mplx by 4.4% during the third quarter. Morgan Stanley now owns 5,813,738 shares of the pipeline company's stock valued at $206,795,000 after buying an additional 247,570 shares during the period. 24.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPLX has been the subject of several recent analyst reports. UBS Group boosted their target price on Mplx from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Barclays boosted their target price on Mplx from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday. Raymond James boosted their target price on Mplx from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. StockNews.com upgraded Mplx from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada increased their price objective on Mplx from $45.00 to $46.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $43.43.

Mplx Trading Down 0.5 %

NYSE:MPLX traded down $0.22 during midday trading on Friday, hitting $42.13. The stock had a trading volume of 1,981,171 shares, compared to its average volume of 1,674,796. Mplx Lp has a one year low of $33.12 and a one year high of $42.89. The company has a market capitalization of $42.58 billion, a price-to-earnings ratio of 11.06 and a beta of 1.35. The stock has a 50-day moving average of $39.72 and a 200 day moving average of $37.42. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52.

Mplx (NYSE:MPLX - Get Free Report) last issued its earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.15. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.88 billion. Mplx had a return on equity of 31.85% and a net margin of 34.82%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. As a group, sell-side analysts forecast that Mplx Lp will post 4 EPS for the current year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 8.07%. The ex-dividend date was Friday, February 2nd. Mplx's dividend payout ratio is currently 89.24%.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.