Snowden Capital Advisors LLC Reduces Position in Mplx Lp (NYSE:MPLX)

Snowden Capital Advisors LLC lessened its holdings in Mplx Lp (NYSE:MPLX) by 1.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,959 shares of the pipeline company’s stock after selling 257 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Mplx were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Mplx by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company’s stock valued at $330,448,000 after acquiring an additional 266,998 shares in the last quarter. PFG Investments LLC increased its holdings in Mplx by 38.5% during the 4th quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock worth $1,843,000 after purchasing an additional 10,705 shares during the period. Bramshill Investments LLC increased its holdings in Mplx by 71.4% during the 4th quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company’s stock worth $1,442,000 after purchasing an additional 12,556 shares during the period. Walnut Private Equity Partners LLC raised its position in Mplx by 479.6% during the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company’s stock valued at $7,351,000 after purchasing an additional 127,100 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Mplx by 9,134.1% in the 4th quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company’s stock worth $557,000 after buying an additional 11,509 shares during the period. 24.25% of the stock is currently owned by institutional investors.

Mplx Price Performance

Shares of MPLX opened at $51.79 on Tuesday. The company has a 50 day moving average of $51.18 and a two-hundred day moving average of $50.48. 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 twelve month low of $39.95 and a twelve month high of $54.87. The company has a market cap of $52.96 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a dividend of $0.9565 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.39%. Mplx’s payout ratio is 88.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MPLX shares. Royal Bank of Canada raised their price target on Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. Barclays reduced their price target on shares of Mplx from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, May 12th. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. Wells Fargo & Company lifted their price objective on shares of Mplx from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Raymond James upped their target price on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Mplx has an average rating of “Moderate Buy” and an average target price of $55.50.

Insider Activity

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, with a total value of $211,000.00. Following the transaction, the vice president now directly owns 25,299 shares in the company, valued at approximately $1,334,522.25. The trade was a 18.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mplx Company 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.