Mplx Lp (NYSE:MPLX) Holdings Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its position in shares of Mplx Lp (NYSE:MPLX) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,568,200 shares of the pipeline company’s stock after purchasing an additional 17,900 shares during the quarter. Allianz Asset Management GmbH owned 0.15% of Mplx worth $75,054,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MPLX. ING Groep NV boosted its stake in Mplx by 69.8% in the third quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock valued at $294,699,000 after acquiring an additional 2,725,000 shares during the period. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Mplx by 0.8% during the third quarter. Kayne Anderson Capital Advisors LP now owns 5,735,562 shares of the pipeline company’s stock valued at $255,003,000 after acquiring an additional 45,271 shares during the period. Duff & Phelps Investment Management Co. boosted its holdings in shares of Mplx by 4.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,933,486 shares of the pipeline company’s stock valued at $85,963,000 after acquiring an additional 90,793 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in shares of Mplx by 0.5% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,506,962 shares of the pipeline company’s stock worth $72,123,000 after acquiring an additional 8,166 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Mplx by 5.3% in the 3rd quarter. Stifel Financial Corp now owns 1,276,828 shares of the pipeline company’s stock worth $56,768,000 after acquiring an additional 64,714 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Down 0.8 %

MPLX opened at $53.40 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market capitalization of $54.40 billion, a PE ratio of 12.68, a P/E/G ratio of 1.68 and a beta of 1.42. The stock’s fifty day moving average is $50.45 and its 200-day moving average is $46.77. Mplx Lp has a one year low of $38.44 and a one year high of $54.74.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the business earned $1.10 earnings per share. Mplx’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a yield of 7.16%. The ex-dividend date was Monday, February 3rd. Mplx’s dividend payout ratio is presently 90.97%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays boosted their target price on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada boosted their price objective on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. UBS Group raised their target price on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Raymond James boosted their price target on Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.11.

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.