SG Americas Securities LLC Reduces Stock Holdings in Mplx Lp (NYSE:MPLX)

SG Americas Securities LLC trimmed its position in Mplx Lp (NYSE:MPLX) by 24.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,097 shares of the pipeline company’s stock after selling 6,383 shares during the period. SG Americas Securities LLC’s holdings in Mplx were worth $572,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dividend Assets Capital LLC raised its stake in shares of Mplx by 0.6% in the third quarter. Dividend Assets Capital LLC now owns 98,028 shares of the pipeline company’s stock worth $2,791,000 after buying an additional 600 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Mplx by 6.7% in the third quarter. Janney Montgomery Scott LLC now owns 23,011 shares of the pipeline company’s stock worth $655,000 after buying an additional 1,445 shares during the period. Dynamic Advisor Solutions LLC bought a new position in shares of Mplx in the third quarter worth about $213,000. Mcdonald Partners LLC raised its stake in shares of Mplx by 1.0% in the third quarter. Mcdonald Partners LLC now owns 55,982 shares of the pipeline company’s stock worth $1,594,000 after buying an additional 536 shares during the period. Finally, Heronetta Management L.P. raised its stake in shares of Mplx by 2.9% in the third quarter. Heronetta Management L.P. now owns 412,637 shares of the pipeline company’s stock worth $11,748,000 after buying an additional 11,700 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Mplx stock opened at $31.51 on Friday. The company has a market cap of $32.14 billion, a price-to-earnings ratio of 11.63 and a beta of 1.83. The firm’s fifty day moving average is $29.93 and its 200 day moving average is $29.31. The company has a quick ratio of 0.51, a current ratio of 0.56 and a debt-to-equity ratio of 1.51. Mplx Lp has a 52-week low of $21.66 and a 52-week high of $32.26.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, November 2nd. The pipeline company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. Mplx had a net margin of 30.79% and a return on equity of 24.02%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities research analysts anticipate that Mplx Lp will post 2.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Friday, November 12th were given a dividend of $0.705 per share. This is a boost from Mplx’s previous quarterly dividend of $0.69. The ex-dividend date was Wednesday, November 10th. This represents a $2.82 dividend on an annualized basis and a yield of 8.95%. Mplx’s payout ratio is 104.06%.

Several research analysts have recently commented on MPLX shares. Bank of America started coverage on Mplx in a research note on Tuesday, September 28th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Mplx from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Monday, September 20th. Wells Fargo & Company lifted their price objective on shares of Mplx from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, December 16th. Morgan Stanley boosted their target price on shares of Mplx from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 23rd. Finally, Barclays boosted their target price on shares of Mplx from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, October 19th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $31.87.

In other news, COO Gregory Scott Floerke sold 5,000 shares of the company’s stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $31.26, for a total value of $156,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank M. Semple sold 27,000 shares of the company’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $32.00, for a total transaction of $864,000.00. The disclosure for this sale can be found here.

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.

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Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

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