Oppenheimer & Co. Inc. acquired a new position in shares of Mplx Lp (NYSE:MPLX) during the second quarter, Holdings Channel reports. The fund acquired 6,406 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also modified their holdings of MPLX. Chicago Partners Investment Group LLC boosted its position in Mplx Lp by 0.8% in the second quarter. Chicago Partners Investment Group LLC now owns 127,808 shares of the company’s stock valued at $4,298,000 after buying an additional 956 shares during the period. Blair William & Co. IL boosted its position in Mplx Lp by 9.2% in the second quarter. Blair William & Co. IL now owns 59,593 shares of the company’s stock valued at $2,004,000 after buying an additional 4,999 shares during the period. Stephens Inc. AR boosted its position in Mplx Lp by 0.8% in the second quarter. Stephens Inc. AR now owns 45,721 shares of the company’s stock valued at $1,538,000 after buying an additional 381 shares during the period. Linscomb & Williams Inc. boosted its position in Mplx Lp by 1.8% in the second quarter. Linscomb & Williams Inc. now owns 13,755 shares of the company’s stock valued at $463,000 after buying an additional 241 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its position in Mplx Lp by 8.9% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 18,452 shares of the company’s stock valued at $621,000 after buying an additional 1,511 shares during the period.

Shares of Mplx Lp (NYSE:MPLX) traded down 0.48% during trading on Friday, reaching $32.87. 582,686 shares of the company traded hands. Mplx Lp has a 52 week low of $16.34 and a 52 week high of $45.63. The company’s 50-day moving average price is $33.03 and its 200-day moving average price is $31.70. The company’s market capitalization is $11.03 billion.

Mplx Lp (NYSE:MPLX) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.39. The company had revenue of $564 million for the quarter, compared to the consensus estimate of $657.88 million. During the same quarter last year, the business earned $0.50 earnings per share. The business’s revenue was up 161.1% compared to the same quarter last year. Equities research analysts forecast that Mplx Lp will post $0.21 EPS for the current fiscal year.

Several research analysts recently weighed in on MPLX shares. Jefferies Group started coverage on shares of Mplx Lp in a report on Tuesday, August 23rd. They set a “hold” rating and a $35.00 price target on the stock. FBR & Co started coverage on shares of Mplx Lp in a report on Friday, September 9th. They set a “market perform” rating and a $35.00 price target on the stock. Barclays PLC started coverage on shares of Mplx Lp in a report on Tuesday, July 19th. They set an “overweight” rating and a $42.00 price target on the stock. Mitsubishi UFJ Financial Group started coverage on shares of Mplx Lp in a report on Friday, May 27th. They set a “neutral” rating and a $38.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Mplx Lp from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Mplx Lp currently has a consensus rating of “Buy” and a consensus price target of $36.18.

In related news, CAO Paula L. Rosson sold 12,267 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $33.38, for a total transaction of $409,472.46. Following the sale, the chief accounting officer now directly owns 40,364 shares of the company’s stock, valued at approximately $1,347,350.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About Mplx Lp

MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires 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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