Atria Investments Inc decreased its stake in MPLX LP by 17% in Q3, holding 7,504 shares valued at $334,000. Other institutional investors, including McDonald Partners LLC and Cherry Creek Investment Advisors Inc, made slight increases in their holdings. Insider trading revealed VP Carl Hagedorn sold 4,000 shares at $47.24 each. Analysts have mixed ratings, with UBS raising the target price to $55 and Bank of America issuing an “underperform” rating at $43. MPLX reported Q3 earnings of $1.01 per share, falling short of estimates, and declared a quarterly dividend of $0.9565, up from $0.85.
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