Mplx Lp (MPLX) Holdings Boosted by Global X Management Co. LLC
Global X Management Co. LLC boosted its position in Mplx Lp (NYSE:MPLX) by 34.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,693,101 shares of the pipeline company’s stock after buying an additional 433,726 shares during the quarter. Mplx accounts for approximately 1.4% of Global X Management Co. LLC’s holdings, making the stock its 11th biggest holding. Global X Management Co. LLC’s holdings in Mplx were worth $60,054,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of MPLX. Tortoise Capital Advisors L.L.C. lifted its holdings in Mplx by 19.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 22,787,043 shares of the pipeline company’s stock worth $797,774,000 after buying an additional 3,681,395 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of Mplx by 16.8% in the 3rd quarter. Alps Advisors Inc. now owns 23,435,667 shares of the pipeline company’s stock valued at $820,483,000 after purchasing an additional 3,379,395 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Mplx by 20.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,783,189 shares of the pipeline company’s stock valued at $201,776,000 after buying an additional 999,582 shares during the last quarter. ING Groep NV grew its position in shares of Mplx by 31.5% during the 3rd quarter. ING Groep NV now owns 3,124,100 shares of the pipeline company’s stock valued at $109,375,000 after buying an additional 749,100 shares during the last quarter. Finally, Dividend Assets Capital LLC grew its position in shares of Mplx by 5,689.7% during the 3rd quarter. Dividend Assets Capital LLC now owns 577,229 shares of the pipeline company’s stock valued at $20,209,000 after buying an additional 567,259 shares during the last quarter. Hedge funds and other institutional investors own 63.23% of the company’s stock.
In other news, VP Gregory Scott Floerke sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.00, for a total value of $72,000.00. Following the completion of the transaction, the vice president now directly owns 79,598 shares in the company, valued at $2,865,528. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 8,000 shares of company stock valued at $284,760 over the last quarter.
Mplx Lp (MPLX) opened at $36.14 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 0.68. The stock has a market cap of $14,949.27, a P/E ratio of 34.42, a PEG ratio of 3.36 and a beta of 1.31. Mplx Lp has a 1-year low of $30.88 and a 1-year high of $39.43.
Mplx (NYSE:MPLX) last posted its quarterly earnings data on Thursday, February 1st. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $937.04 million. Mplx had a net margin of 17.90% and a return on equity of 6.99%. The company’s revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the business earned $0.17 earnings per share. analysts anticipate that Mplx Lp will post 1.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be issued a $0.6075 dividend. The ex-dividend date is Friday, February 2nd. This is a boost from Mplx’s previous quarterly dividend of $0.44. This represents a $2.43 annualized dividend and a dividend yield of 6.72%. Mplx’s dividend payout ratio (DPR) is 231.43%.
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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.
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