Mplx Lp (MPLX) Shares Sold by Stephens Inc. AR
Stephens Inc. AR decreased its position in Mplx Lp (NYSE:MPLX) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,410 shares of the pipeline company’s stock after selling 4,039 shares during the quarter. Stephens Inc. AR’s holdings in Mplx Lp were worth $1,650,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Keybank National Association OH raised its position in Mplx Lp by 2.8% in the second quarter. Keybank National Association OH now owns 8,980 shares of the pipeline company’s stock valued at $300,000 after purchasing an additional 245 shares during the period. Signaturefd LLC raised its position in Mplx Lp by 4.1% in the first quarter. Signaturefd LLC now owns 6,895 shares of the pipeline company’s stock valued at $249,000 after purchasing an additional 270 shares during the period. Pinnacle Associates Ltd. raised its position in Mplx Lp by 5.8% in the first quarter. Pinnacle Associates Ltd. now owns 6,170 shares of the pipeline company’s stock valued at $223,000 after purchasing an additional 337 shares during the period. BB&T Securities LLC raised its position in Mplx Lp by 6.2% in the second quarter. BB&T Securities LLC now owns 6,209 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 360 shares during the period. Finally, Suntrust Banks Inc. raised its position in Mplx Lp by 4.9% in the first quarter. Suntrust Banks Inc. now owns 8,016 shares of the pipeline company’s stock valued at $289,000 after purchasing an additional 378 shares during the period. 66.17% of the stock is currently owned by institutional investors.
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Shares of Mplx Lp (MPLX) opened at 34.81 on Friday. Mplx Lp has a 52-week low of $30.09 and a 52-week high of $39.43. The stock’s 50 day moving average price is $34.23 and its 200-day moving average price is $34.87. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 41.59 and a beta of 1.36.
Mplx Lp (NYSE:MPLX) last posted its earnings results on Thursday, July 27th. The pipeline company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $884.70 million. Mplx Lp had a net margin of 19.07% and a return on equity of 6.13%. The business’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) EPS. On average, analysts predict that Mplx Lp will post $0.96 earnings per share for the current fiscal year.
A number of brokerages have issued reports on MPLX. BidaskClub raised Mplx Lp from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Guggenheim began coverage on Mplx Lp in a research report on Thursday, July 20th. They issued a “buy” rating and a $40.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Mplx Lp in a research report on Friday, July 28th. Scotiabank set a $44.00 target price on Mplx Lp and gave the company a “buy” rating in a research report on Saturday, July 22nd. Finally, Zacks Investment Research lowered Mplx Lp from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $42.25.
Mplx Lp Profile
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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