PFG Investments LLC Boosts Stock Position in Mplx Lp $MPLX

PFG Investments LLC grew its stake in shares of Mplx Lp (NYSE:MPLX) by 4.5% during the second quarter, Holdings Channel reports. The institutional investor owned 39,502 shares of the pipeline company’s stock after buying an additional 1,703 shares during the period. PFG Investments LLC’s holdings in Mplx were worth $2,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Requisite Capital Management LLC lifted its position in shares of Mplx by 23.8% during the 2nd quarter. Requisite Capital Management LLC now owns 8,698 shares of the pipeline company’s stock valued at $448,000 after buying an additional 1,674 shares in the last quarter. C2C Wealth Management LLC lifted its position in shares of Mplx by 1.5% during the 2nd quarter. C2C Wealth Management LLC now owns 20,421 shares of the pipeline company’s stock valued at $1,052,000 after buying an additional 300 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of Mplx by 3.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 8,367 shares of the pipeline company’s stock valued at $431,000 after buying an additional 269 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Mplx by 22.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 68,888 shares of the pipeline company’s stock valued at $3,548,000 after buying an additional 12,624 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its position in shares of Mplx by 12.1% during the 2nd quarter. Venture Visionary Partners LLC now owns 10,337 shares of the pipeline company’s stock valued at $532,000 after buying an additional 1,117 shares in the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Mplx from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Wall Street Zen cut Mplx from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Barclays boosted their price target on Mplx from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Wells Fargo & Company lowered their price target on Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday, September 23rd. Finally, Stifel Nicolaus boosted their price target on Mplx from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mplx has an average rating of “Moderate Buy” and a consensus price target of $55.89.

Mplx Stock Performance

NYSE:MPLX opened at $49.72 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.97. Mplx Lp has a 1 year low of $43.53 and a 1 year high of $54.87. The stock’s 50 day simple moving average is $50.71 and its two-hundred day simple moving average is $50.96. The company has a market cap of $50.66 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.35 and a beta of 0.68.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, August 5th. The pipeline company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.05). Mplx had a return on equity of 30.95% and a net margin of 35.44%.The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm earned $1.15 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Mplx Lp will post 4.41 earnings per share 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.