1,465 Shares in Mplx Lp $MPLX Bought by Citizens National Bank Trust Department

Citizens National Bank Trust Department bought a new position in Mplx Lp (NYSE:MPLX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,465 shares of the pipeline company’s stock, valued at approximately $75,000.

Several other hedge funds also recently added to or reduced their stakes in MPLX. Capital Investment Advisors LLC raised its position in Mplx by 37.6% in the first quarter. Capital Investment Advisors LLC now owns 8,098 shares of the pipeline company’s stock valued at $433,000 after purchasing an additional 2,213 shares during the period. Wesbanco Bank Inc. raised its position in Mplx by 28.2% in the first quarter. Wesbanco Bank Inc. now owns 8,819 shares of the pipeline company’s stock valued at $472,000 after purchasing an additional 1,940 shares during the period. Farther Finance Advisors LLC raised its position in Mplx by 15.5% in the first quarter. Farther Finance Advisors LLC now owns 6,211 shares of the pipeline company’s stock valued at $333,000 after purchasing an additional 835 shares during the period. Sonora Investment Management Group LLC raised its position in Mplx by 22.9% in the first quarter. Sonora Investment Management Group LLC now owns 8,042 shares of the pipeline company’s stock valued at $430,000 after purchasing an additional 1,500 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new position in Mplx in the first quarter valued at about $214,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Stock Down 0.5%

NYSE:MPLX opened at $48.87 on Thursday. The company has a market capitalization of $49.80 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.68. Mplx Lp has a one year low of $43.53 and a one year high of $54.87. The stock has a 50-day simple moving average of $50.49 and a 200 day simple moving average of $50.79. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.97 and a current ratio of 1.03.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.05). The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.13 billion. Mplx had a return on equity of 30.95% and a net margin of 35.44%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. Sell-side analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus raised their price objective on Mplx from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Weiss Ratings downgraded Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday. Barclays raised their target price on Mplx from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Wall Street Zen downgraded Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company lowered their target price on Mplx from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, September 23rd. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mplx presently has a consensus rating of “Moderate Buy” and an average target price of $55.89.

About Mplx

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.