Mutual Advisors LLC Grows Stake in MPLX LP $MPLX

Mutual Advisors LLC boosted its position in shares of MPLX LP (NYSE:MPLX) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,172 shares of the pipeline company’s stock after purchasing an additional 1,303 shares during the quarter. Mutual Advisors LLC’s holdings in MPLX were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in MPLX during the 2nd quarter worth $776,894,000. Goldman Sachs Group Inc. boosted its position in MPLX by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,649,224 shares of the pipeline company’s stock valued at $730,506,000 after acquiring an additional 83,392 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its position in MPLX by 38.2% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 7,788,063 shares of the pipeline company’s stock valued at $416,817,000 after acquiring an additional 2,153,490 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MPLX by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,456 shares of the pipeline company’s stock valued at $372,256,000 after acquiring an additional 50,979 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in MPLX by 14.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,045,968 shares of the pipeline company’s stock valued at $270,060,000 after acquiring an additional 654,489 shares in the last quarter. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus increased their target price on MPLX from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Zacks Research cut MPLX from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on MPLX from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 23rd. Barclays increased their target price on MPLX from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Weiss Ratings cut MPLX from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, October 8th. Eight research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.50.

MPLX Stock Up 1.0%

MPLX stock opened at $49.01 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.97. The stock has a market capitalization of $49.94 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.33 and a beta of 0.68. MPLX LP has a 1-year low of $43.54 and a 1-year high of $54.87. The business has a fifty day moving average price of $50.08 and a 200-day moving average price of $50.51.

MPLX (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, August 5th. The pipeline company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.05). The business 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 EPS. Equities research analysts forecast that MPLX LP will post 4.41 EPS for the current fiscal year.

MPLX Company Profile

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.