Chicago Partners Investment Group LLC grew its position in Mplx Lp (NYSE:MPLX) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,587 shares of the pipeline company’s stock after acquiring an additional 29,505 shares during the period. Mplx accounts for 1.6% of Chicago Partners Investment Group LLC’s portfolio, making the stock its 15th largest holding. Chicago Partners Investment Group LLC’s holdings in Mplx were worth $11,074,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of MPLX. Belpointe Asset Management LLC bought a new position in Mplx in the 3rd quarter worth approximately $104,000. Stratos Wealth Partners LTD. bought a new position in Mplx in the 3rd quarter worth approximately $133,000. SL Advisors LLC bought a new position in Mplx in the 3rd quarter worth approximately $203,000. Raymond James Trust N.A. bought a new position in Mplx in the 3rd quarter worth approximately $229,000. Finally, Advisory Services Network LLC raised its position in Mplx by 50.6% in the 3rd quarter. Advisory Services Network LLC now owns 8,966 shares of the pipeline company’s stock worth $310,000 after purchasing an additional 3,013 shares during the last quarter. Institutional investors own 31.00% of the company’s stock.
MPLX traded down $0.55 on Friday, reaching $33.05. The company had a trading volume of 60,369 shares, compared to its average volume of 2,852,710. Mplx Lp has a fifty-two week low of $28.32 and a fifty-two week high of $39.38. The firm has a market cap of $27.04 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 2.18 and a beta of 1.19. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.70 and a current ratio of 0.77.
Mplx (NYSE:MPLX) last announced its earnings results on Thursday, November 1st. The pipeline company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.04. Mplx had a net margin of 27.99% and a return on equity of 21.03%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue was up 74.7% compared to the same quarter last year. As a group, equities analysts forecast that Mplx Lp will post 2.44 earnings per share for the current year.
A number of equities analysts recently weighed in on MPLX shares. Barclays started coverage on shares of Mplx in a research note on Thursday, December 13th. They issued an “overweight” rating and a $40.00 target price for the company. Bank of America cut shares of Mplx from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Thursday, November 29th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Mplx in a report on Tuesday, October 9th. Zacks Investment Research cut shares of Mplx from a “hold” rating to a “strong sell” rating in a report on Thursday, October 11th. Finally, Citigroup dropped their target price on shares of Mplx from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Mplx has a consensus rating of “Buy” and an average target price of $40.08.
MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.
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