Proficio Capital Partners LLC Buys 1,290 Shares of Mplx Lp (MPLX)
Proficio Capital Partners LLC increased its position in shares of Mplx Lp (NYSE:MPLX) by 28.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,832 shares of the company’s stock after buying an additional 1,290 shares during the period. Proficio Capital Partners LLC’s holdings in Mplx Lp were worth $194,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisory Services Network LLC boosted its position in shares of Mplx Lp by 8.5% in the second quarter. Advisory Services Network LLC now owns 3,282 shares of the company’s stock worth $110,000 after buying an additional 257 shares during the period. Americafirst Capital Management LLC acquired a new position in shares of Mplx Lp during the second quarter worth $173,000. Catawba Capital Management VA purchased a new stake in Mplx Lp during the second quarter valued at approximately $200,000. Trellus Management Company LLC purchased a new stake in Mplx Lp during the second quarter valued at approximately $202,000. Finally, Capital One National Association purchased a new stake in Mplx Lp during the second quarter valued at approximately $268,000.
Mplx Lp (NYSE:MPLX) traded up 2.22% during midday trading on Monday, reaching $31.36. 1,312,861 shares of the company traded hands. The firm has a 50 day moving average of $32.52 and a 200-day moving average of $32.20. The stock’s market capitalization is $10.53 billion. Mplx Lp has a 12 month low of $16.34 and a 12 month high of $45.63.
Mplx Lp (NYSE:MPLX) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.39. The business had revenue of $564 million for the quarter, compared to analysts’ expectations of $657.88 million. The business’s revenue for the quarter was up 161.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. Analysts forecast that Mplx Lp will post $0.21 EPS for the current fiscal year.
MPLX has been the subject of several recent analyst reports. Barclays PLC initiated coverage on shares of Mplx Lp in a research note on Tuesday, July 19th. They issued an “overweight” rating and a $42.00 target price for the company. Zacks Investment Research raised shares of Mplx Lp from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, July 27th. Jefferies Group initiated coverage on shares of Mplx Lp in a research note on Tuesday, August 23rd. They issued a “hold” rating and a $35.00 target price for the company. FBR & Co initiated coverage on shares of Mplx Lp in a research note on Friday, September 9th. They issued a “market perform” rating and a $35.00 target price for the company. Finally, Mizuho initiated coverage on shares of Mplx Lp in a research note on Friday, September 30th. They issued a “neutral” rating and a $35.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Mplx Lp has a consensus rating of “Hold” and an average price target of $36.11.
In other Mplx Lp news, COO Gregory Scott Floerke sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $31.00, for a total value of $31,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Nancy Buese sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $32.81, for a total transaction of $492,150.00. Following the completion of the transaction, the chief financial officer now owns 187,779 shares in the company, valued at approximately $6,161,028.99. The disclosure for this sale can be found here.
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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