BNP Paribas Financial Markets Decreases Stake in Mplx Lp (NYSE:MPLX)

BNP Paribas Financial Markets lessened its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,186,633 shares of the pipeline company's stock after selling 764,528 shares during the period. BNP Paribas Financial Markets owned approximately 0.12% of Mplx worth $43,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MPLX. Bank of New York Mellon Corp bought a new position in Mplx in the third quarter valued at about $209,000. Brown Advisory Inc. acquired a new position in Mplx in the 3rd quarter worth about $404,000. Arete Wealth Advisors LLC bought a new position in Mplx in the third quarter valued at about $360,000. Jennison Associates LLC boosted its stake in shares of Mplx by 1.9% during the third quarter. Jennison Associates LLC now owns 1,451,092 shares of the pipeline company's stock valued at $51,615,000 after purchasing an additional 27,220 shares in the last quarter. Finally, Requisite Capital Management LLC bought a new stake in shares of Mplx during the third quarter worth about $250,000. Institutional investors and hedge funds own 24.25% of the company's stock.

Analyst Ratings Changes

MPLX has been the topic of several recent research reports. Raymond James lifted their target price on shares of Mplx from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. UBS Group raised their target price on Mplx from $46.00 to $49.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Royal Bank of Canada upped their price target on Mplx from $45.00 to $46.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Truist Financial upped their target price on Mplx from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Finally, Barclays raised their price target on shares of Mplx from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, April 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.11.

Mplx Trading Down 0.3 %

Shares of MPLX stock traded down $0.14 during trading hours on Friday, hitting $41.51. 1,714,666 shares of the company were exchanged, compared to its average volume of 2,317,047. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market cap of $41.95 billion, a P/E ratio of 10.70 and a beta of 1.35. The company has a 50 day simple moving average of $41.06 and a two-hundred day simple moving average of $38.39. Mplx Lp has a fifty-two week low of $33.12 and a fifty-two week high of $42.90.

Mplx (NYSE:MPLX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.01). The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.89 billion. Mplx had a net margin of 34.96% and a return on equity of 31.70%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. Equities analysts anticipate that Mplx Lp will post 3.99 EPS for the current year.

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 8.19%. The ex-dividend date of this dividend is Thursday, May 2nd. Mplx's dividend payout ratio (DPR) is presently 87.63%.

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.