JPMorgan Chase & Co. Has $210.18 Million Position in Mplx Lp (NYSE:MPLX)

JPMorgan Chase & Co. lessened its holdings in shares of Mplx Lp (NYSE:MPLX) by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,391,479 shares of the pipeline company’s stock after selling 1,318,574 shares during the quarter. JPMorgan Chase & Co. owned 0.43% of Mplx worth $210,176,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. TrueMark Investments LLC acquired a new stake in shares of Mplx in the 4th quarter worth about $5,394,000. Aire Advisors LLC raised its stake in shares of Mplx by 8.4% in the fourth quarter. Aire Advisors LLC now owns 10,397 shares of the pipeline company’s stock worth $498,000 after purchasing an additional 802 shares during the last quarter. Blueprint Investment Partners LLC lifted its holdings in shares of Mplx by 134.1% in the fourth quarter. Blueprint Investment Partners LLC now owns 161,356 shares of the pipeline company’s stock valued at $7,723,000 after purchasing an additional 92,429 shares in the last quarter. Virtu Financial LLC bought a new stake in Mplx during the fourth quarter worth $1,047,000. Finally, HUB Investment Partners LLC grew its holdings in Mplx by 342.0% during the fourth quarter. HUB Investment Partners LLC now owns 25,601 shares of the pipeline company’s stock worth $1,225,000 after buying an additional 19,809 shares in the last quarter. 24.25% of the stock is owned by institutional investors.

Mplx Stock Down 0.9 %

Shares of NYSE MPLX opened at $53.53 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market capitalization of $54.73 billion, a PE ratio of 12.71, a P/E/G ratio of 1.69 and a beta of 1.40. Mplx Lp has a one year low of $39.56 and a one year high of $54.87. The business’s fifty day moving average price is $53.11 and its 200-day moving average price is $48.96.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.9565 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.83 annualized dividend and a dividend yield of 7.15%. Mplx’s dividend payout ratio is currently 90.74%.

Insider Transactions at Mplx

In related news, VP Shawn M. Lyon bought 4,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was acquired at an average price 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 in the company, valued at $1,334,522.25. This trade represents a 18.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MPLX. Raymond James lifted their price objective on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd. Morgan Stanley lifted their target price on shares of Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 11th. Barclays upped their target price on Mplx from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Finally, Royal Bank of Canada lifted their price target on Mplx from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Mplx presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Mplx 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.