The Mplx Lp (MPLX) Stake Increased by US Bancorp DE

The Mplx Lp (MPLX) Stake Increased by US Bancorp DE

Several other hedge funds also recently modified their holdings of the company. Credit Suisse AG increased its stake in shares of Mplx Lp by 1,675.9% in the third quarter. Credit Suisse AG now owns 6,588,084 shares of the pipeline company’s stock worth $223,073,000 after buying an additional 6,217,105 shares during the last quarter. NGP MR Management LLC increased its stake in shares of Mplx Lp by 47.4% in the third quarter. NGP MR Management LLC now owns 6,137,641 shares of the pipeline company’s stock worth $207,821,000 after buying an additional 1,974,134 shares during the last quarter. M&R Follow On Fund Management LP increased its position in Mplx Lp by 47.4% in the third quarter. M&R Follow On Fund Management LP now owns 5,676,849 shares of the pipeline company’s stock valued at $192,218,000 after buying an additional 1,825,923 shares in the last quarter. Renaissance Technologies LLC increased its position in Mplx Lp by 297.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,554,267 shares of the pipeline company’s stock valued at $53,809,000 after buying an additional 1,163,500 shares in the last quarter. Finally, Stockbridge Partners LLC increased its position in Mplx Lp by 20.7% in the fourth quarter. Stockbridge Partners LLC now owns 5,117,208 shares of the pipeline company’s stock valued at $177,158,000 after buying an additional 878,586 shares in the last quarter. 67.94% of the stock is owned by institutional investors and hedge funds.

US Bancorp DE increased its position in Mplx Lp (NYSE:MPLX) by 50.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,802 shares of the pipeline company’s stock after buying an additional 23,850 shares during the period. US Bancorp DE’s holdings in Mplx Lp were worth $2,555,000 as of its most recent filing with the SEC.

Shares of Mplx Lp (MPLX) opened at 33.03 on Monday. The firm has a 50-day moving average price of $35.09 and a 200-day moving average price of $35.47. The stock has a market cap of $12.38 billion, a PE ratio of 68.10 and a beta of 1.37. Mplx Lp has a 52 week low of $30.09 and a 52 week high of $39.43.

Mplx Lp (NYSE:MPLX) last announced its quarterly earnings results on Thursday, April 27th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $886 million for the quarter, compared to the consensus estimate of $691.38 million. Mplx Lp had a return on equity of 3.24% and a net margin of 7.22%. The business’s revenue was up 37.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.33) EPS. On average, analysts forecast that Mplx Lp will post $0.94 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were issued a $0.54 dividend. This is an increase from Mplx Lp’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, May 4th. This represents a $2.16 annualized dividend and a dividend yield of 6.54%. Mplx Lp’s dividend payout ratio (DPR) is -3,466.09%.

Several equities analysts have weighed in on MPLX shares. Mitsubishi UFJ Financial Group raised Mplx Lp from a “neutral” rating to an “overweight” rating and set a $43.00 target price for the company in a research report on Wednesday, March 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $47.00 price objective on shares of Mplx Lp in a research note on Friday, March 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $44.00 price objective on shares of Mplx Lp in a research note on Wednesday, April 19th. Citigroup Inc upgraded Mplx Lp from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $42.00 to $43.00 in a research note on Wednesday, March 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Mplx Lp from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.10. In related news, VP Randy S. Nickerson sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $36.20, for a total value of $543,000.00. Following the sale, the vice president now directly owns 177,552 shares in the company, valued at approximately $6,427,382.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mplx Lp Company Profile MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MPLX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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