Mplx Lp $MPLX Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its holdings in shares of Mplx Lp (NYSE:MPLX) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,411 shares of the pipeline company’s stock after purchasing an additional 428 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Mplx were worth $1,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Mplx by 17.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 108,988 shares of the pipeline company’s stock valued at $5,833,000 after acquiring an additional 15,807 shares during the last quarter. Obermeyer Wealth Partners boosted its position in shares of Mplx by 18.4% during the 1st quarter. Obermeyer Wealth Partners now owns 35,181 shares of the pipeline company’s stock valued at $1,883,000 after acquiring an additional 5,476 shares during the last quarter. Jump Financial LLC boosted its position in shares of Mplx by 349.2% during the 1st quarter. Jump Financial LLC now owns 118,600 shares of the pipeline company’s stock valued at $6,347,000 after acquiring an additional 92,196 shares during the last quarter. Walnut Private Equity Partners LLC boosted its position in shares of Mplx by 14.8% during the 2nd quarter. Walnut Private Equity Partners LLC now owns 242,300 shares of the pipeline company’s stock valued at $12,481,000 after acquiring an additional 31,300 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Mplx during the 2nd quarter valued at about $330,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Up 1.5%

Shares of MPLX opened at $49.63 on Tuesday. The firm has a market cap of $50.58 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.33 and a beta of 0.68. Mplx Lp has a 12-month low of $43.54 and a 12-month high of $54.87. The company’s 50-day moving average price is $50.07 and its 200 day moving average price is $50.52. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MPLX shares. Wells Fargo & Company lowered their price target on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 23rd. Barclays boosted their price target on shares of Mplx from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Morgan Stanley boosted their price target on shares of Mplx from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 26th. Stifel Nicolaus boosted their price target on shares of Mplx from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, Wall Street Zen cut shares of Mplx from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mplx currently has an average rating of “Moderate Buy” and an average target price of $57.50.

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.