Aire Advisors LLC Has $498,000 Stock Holdings in Mplx Lp (NYSE:MPLX)

Aire Advisors LLC increased its holdings in shares of Mplx Lp (NYSE:MPLX) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,397 shares of the pipeline company’s stock after purchasing an additional 802 shares during the quarter. Aire Advisors LLC’s holdings in Mplx were worth $498,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. PFG Investments LLC raised its position in Mplx by 38.5% during the fourth quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company’s stock valued at $1,843,000 after acquiring an additional 10,705 shares in the last quarter. Walnut Private Equity Partners LLC increased its holdings in shares of 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 acquiring an additional 127,100 shares during the last quarter. MML Investors Services LLC lifted its holdings in Mplx by 387.5% in the 3rd quarter. MML Investors Services LLC now owns 23,543 shares of the pipeline company’s stock worth $1,047,000 after purchasing an additional 18,714 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Mplx by 7.2% during the third quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock worth $6,647,000 after purchasing an additional 10,000 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Mplx by 9,134.1% during the fourth quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company’s stock valued at $557,000 after purchasing an additional 11,509 shares during the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPLX has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on shares of Mplx from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. Morgan Stanley boosted their price objective on shares of Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Raymond James increased their target price 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. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Finally, Wells Fargo & Company raised their target price on Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Mplx presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Insider Transactions at Mplx

In other news, VP Shawn M. Lyon purchased 4,000 shares of Mplx stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the purchase, the vice president now directly owns 25,299 shares of the company’s stock, valued at $1,334,522.25. This trade represents a 18.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mplx Price Performance

NYSE MPLX opened at $53.88 on Tuesday. Mplx Lp has a 12-month low of $39.56 and a 12-month high of $54.87. The firm’s 50 day moving average is $52.81 and its 200-day moving average is $48.58. The company has a market capitalization of $55.09 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. 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 (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company posted $1.10 earnings per share. Mplx’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.9565 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.10%. Mplx’s dividend payout ratio is currently 90.74%.

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.