Mplx Lp $MPLX Shares Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC raised its holdings in Mplx Lp (NYSE:MPLX) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 364,486 shares of the pipeline company’s stock after purchasing an additional 14,524 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Mplx were worth $18,775,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MPLX. Wealth Enhancement Advisory Services LLC increased its stake in Mplx by 17.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 108,988 shares of the pipeline company’s stock valued at $5,833,000 after purchasing an additional 15,807 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Mplx by 5.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,062 shares of the pipeline company’s stock valued at $3,643,000 after purchasing an additional 3,621 shares during the period. International Assets Investment Management LLC increased its stake in Mplx by 32.6% in the first quarter. International Assets Investment Management LLC now owns 9,644 shares of the pipeline company’s stock valued at $516,000 after purchasing an additional 2,370 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Mplx during the first quarter worth about $230,000. Finally, Daymark Wealth Partners LLC increased its stake in shares of Mplx by 6.0% during the first quarter. Daymark Wealth Partners LLC now owns 39,974 shares of the pipeline company’s stock worth $2,139,000 after acquiring an additional 2,280 shares during the period. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MPLX shares. Stifel Nicolaus boosted their price target on shares of Mplx from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Barclays boosted their price target on shares of Mplx from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Wells Fargo & Company dropped their price target on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 23rd. Wall Street Zen lowered shares of Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Zacks Research lowered shares of Mplx from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.50.

Mplx Stock Up 0.5%

MPLX stock opened at $50.85 on Friday. The company has a market cap of $51.81 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.53 and a beta of 0.68. Mplx Lp has a 52 week low of $43.54 and a 52 week high of $54.87. The company’s 50-day moving average price is $50.10 and its 200 day moving average price is $50.54. 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 released its quarterly earnings data 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 company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Mplx had a return on equity of 30.95% and a net margin of 35.44%.The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. On average, research analysts expect 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.