Mplx Lp (MPLX) shares purchased by US Bancorp DE



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Several other hedge funds and other institutional investors also bought and sold shares. Tarbox Group Inc. increased its position in Mplx Lp shares by 41.8% in the first quarter. Tarbox Group Inc. now owns 3,575 shares of the pipeline company's stock worth $ 129,000 after buying 1,053 additional shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in Mplx Lp during the fourth quarter valued at $ 202,000. Waldron LP purchased a new stake in Mplx Lp during the first quarter with a value of $ 220,000. Brown Advisory Inc. purchased a new stake in Mplx Lp during the fourth quarter with a value of $ 225,000. Finally, TCI Wealth Advisors Inc. purchased a new stake in Mplx Lp during the third quarter with a value of $ 221,000. 67.94% of the shares are currently owned by institutional investors and hedge funds.

US Bancorp DE increased its position in shares of Mplx Lp (NYSE: MPLX) by 50.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,802 shares of the pipeline company after buying 23,850 additional shares during the period. Holdings of US Bancorp DE in Mplx Lp were worth $ 2,555,000 at the end of the most recent quarter.

Mplx Lp (NYSE: MPLX) fell 2.21% during the noon session on Friday, reaching $ 34.03. 672,493 shares were exchanged. The stock has a market capital of $ 12.75 billion, a P / E ratio of 70.16 and a beta of 1.37. Mplx Lp has a minimum of one year of $ 30.09 and a maximum of one year of $ 39.43. The firm has a 50-day moving average price of $ 35.67 and a 200-day moving average price of $ 35.42.

Mplx Lp (NYSE: MPLX) last released its quarterly earnings results on Thursday, April 27. The gas pipeline company reported earnings of $ 0.19 per share (EPS) for the quarter, reaching a consensus of $ 0.19. The business had revenues of $ 886 million during the quarter, compared to the consensus estimate of $ 691.38 million. Mplx Lp had a return on capital of 3.24% and a net margin of 7.22%. The company's income increased 37.4% year-on-year. During the same quarter of the previous year, the company published ($ 0.33) EPS. On average, stock research badysts anticipate that Mplx Lp will post $ 0.94 EPS for the current fiscal year. The business also recently unveiled a quarterly dividend, which was paid on Monday, May 15. Investors registered on Monday, May 8, received a dividend of $ 0.54 per share. This represents a dividend of $ 2.16 on an annual basis and a yield of 6.21%. The ex-dividend date was Thursday, May 4. This is a boost from the previous quarterly dividend of Mplx Lp of $ 0.52. The dividend payment index (DPR) of Mplx Lp is currently -3,466.09%.

Mplx Lp (NYSE: MPLX) last released its quarterly earnings results on Thursday, April 27. The gas pipeline company reported $ 0.19 of earnings per share (EPS) for the quarter, reaching consensus of $ 0.19. The business had revenues of $ 886 million during the quarter, compared to the consensus estimate of $ 691.38 million. Mplx Lp had a return on capital of 3.24% and a net margin of 7.22%. The company's income increased 37.4% year-on-year. During the same quarter of the previous year, the company published ($ 0.33) EPS. On average, stock research badysts anticipate that Mplx Lp will post $ 0.94 EPS for the current fiscal year. Several badysts have weighed on the actions of MPLX. FBR & Co increased its target price in Mplx Lp shares from $ 35.00 to $ 38.00 and granted the stock a "mkt perform" rating on a research report on Thursday, February 2. Barclays PLC raised its price target on Mplx Lp shares from $ 42.00 to $ 44.00 and awarded the company an "overweight" rating in a research note on Thursday, February 2. Mitsubishi UFJ Financial Group updated Mplx Lp's shares from a "neutral" rating to an "overweight" rating and set a price target of $ 43.00 for the company in a research note on Wednesday, March 1. Citigroup Inc updated Mplx Lp's shares from a "neutral" rating to an "overweight" rating and raised its price target for the company from $ 42.00 to $ 43.00 in a research note on Wednesday, March 1. They noticed that the move was a valuation call. Finally, Royal Bank of Canada reiterated a "buy" rating and issued a target price of $ 47.00 on shares of Mplx Lp in a research note on Friday, March 17. Two investment badysts have rated the stock with a hold rating, eight have badigned a purchase rating and one has issued a strong purchase rating to the company. Currently, the company has a "Buy" consensus rating and an average price target of $ 42.10.

In related news, Vice President Randy S. Nickerson sold 15,000 shares of Mplx Lp in a transaction on Wednesday, March 15. The stock was sold at an average price of $ 36.20, for a total transaction of $ 543,000.00. After the completion of the sale, the vice president now owns 177,552 shares in the company, valued at approximately $ 6,427,382.40. The transaction was disclosed in a document filed with the SEC, which is available on the SEC's website. Company Profile Mplx Lp

MPLX LP is a major limited company (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire energy infrastructure badets halfway. The Company is dedicated to the collection, processing and transportation of natural gas; the collection, transport, fractionation, storage and commercialization of natural gas liquids (NGL), and the collection, transport and storage of crude oil and refined petroleum products.

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