Mplx Lp $MPLX Shares Bought by Opal Capital LLC

Opal Capital LLC grew its position in shares of Mplx Lp (NYSE:MPLX) by 5.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,535 shares of the pipeline company’s stock after purchasing an additional 11,746 shares during the period. Mplx makes up about 2.3% of Opal Capital LLC’s investment portfolio, making the stock its 4th largest position. Opal Capital LLC’s holdings in Mplx were worth $13,214,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Miller Howard Investments Inc. NY boosted its position in Mplx by 2.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 2,315,921 shares of the pipeline company’s stock valued at $123,601,000 after buying an additional 57,247 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Mplx by 126.0% during the fourth quarter. Merit Financial Group LLC now owns 43,234 shares of the pipeline company’s stock worth $2,307,000 after acquiring an additional 24,107 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Mplx by 7.9% in the fourth quarter. Clearbridge Investments LLC now owns 2,343,689 shares of the pipeline company’s stock worth $125,083,000 after acquiring an additional 172,000 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of Mplx by 8.7% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,883,800 shares of the pipeline company’s stock worth $100,538,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Americana Partners LLC lifted its stake in shares of Mplx by 38.6% in the fourth quarter. Americana Partners LLC now owns 760,306 shares of the pipeline company’s stock worth $40,578,000 after acquiring an additional 211,694 shares in the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Trading Up 1.7%

NYSE:MPLX opened at $59.35 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.71. The business’s 50 day moving average is $56.60 and its two-hundred day moving average is $56.48. Mplx Lp has a 52 week low of $47.80 and a 52 week high of $59.98. The company has a market cap of $60.22 billion, a PE ratio of 12.85, a P/E/G ratio of 5.64 and a beta of 0.47.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). Mplx had a return on equity of 32.74% and a net margin of 36.38%.The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the business posted $1.10 EPS. Mplx’s revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Mplx Lp will post 4.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MPLX shares. Wells Fargo & Company lowered their price objective on Mplx from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Wall Street Zen lowered Mplx from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings cut Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Mplx in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Mplx from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.60.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.