Mplx Lp (MPLX) Shares Sold by Boston Partners

Boston Partners decreased its holdings in shares of Mplx Lp (NYSE:MPLX) by 79.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 114,109 shares of the pipeline company’s stock after selling 453,250 shares during the period. Boston Partners’ holdings in Mplx Lp were worth $3,995,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Alps Advisors Inc. grew its stake in shares of Mplx Lp by 5.3% during the second quarter. Alps Advisors Inc. now owns 20,056,272 shares of the pipeline company’s stock worth $669,879,000 after acquiring an additional 1,015,105 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of Mplx Lp by 1.1% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 19,105,648 shares of the pipeline company’s stock worth $638,129,000 after acquiring an additional 202,094 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings in shares of Mplx Lp by 2.9% during the second quarter. Atlantic Trust Group LLC now owns 6,753,284 shares of the pipeline company’s stock worth $225,561,000 after purchasing an additional 187,807 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Mplx Lp by 9.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,812,175 shares of the pipeline company’s stock worth $127,327,000 after purchasing an additional 327,092 shares during the period. Finally, ING Groep NV lifted its holdings in shares of Mplx Lp by 2.1% during the second quarter. ING Groep NV now owns 2,375,000 shares of the pipeline company’s stock worth $79,325,000 after purchasing an additional 49,300 shares during the period. Institutional investors and hedge funds own 62.86% of the company’s stock.

In other Mplx Lp news, VP C Corwin Bromley sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $34.50, for a total value of $86,250.00. Following the completion of the transaction, the vice president now directly owns 123,705 shares of the company’s stock, valued at $4,267,822.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 8,000 shares of company stock valued at $276,910 over the last three months.

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Mplx Lp (NYSE MPLX) opened at $34.47 on Friday. Mplx Lp has a twelve month low of $30.88 and a twelve month high of $39.43. The stock has a market capitalization of $14,300.00, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 4.79 and a beta of 1.37. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.54 and a quick ratio of 0.48.

Mplx Lp (NYSE:MPLX) last announced its quarterly earnings results on Thursday, October 26th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. Mplx Lp had a return on equity of 5.87% and a net margin of 16.79%. The company had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.07 million. During the same period in the previous year, the company posted $0.21 earnings per share. Mplx Lp’s revenue for the quarter was up 16.9% on a year-over-year basis. equities research analysts predict that Mplx Lp will post 1.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were issued a $0.5875 dividend. The ex-dividend date was Friday, November 3rd. This is an increase from Mplx Lp’s previous quarterly dividend of $0.56. This represents a $2.35 dividend on an annualized basis and a yield of 6.82%. Mplx Lp’s payout ratio is presently 258.24%.

MPLX has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 target price on shares of Mplx Lp in a report on Wednesday. Scotiabank reaffirmed a “buy” rating and set a $44.00 target price on shares of Mplx Lp in a report on Wednesday, October 4th. Zacks Investment Research downgraded Mplx Lp from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. UBS AG lifted their target price on Mplx Lp from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, BidaskClub downgraded Mplx Lp from a “sell” rating to a “strong sell” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $41.67.

Mplx Lp 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.

Institutional Ownership by Quarter for Mplx Lp (NYSE:MPLX)

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