Mplx Lp $MPLX Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in shares of Mplx Lp (NYSE:MPLX) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,415 shares of the pipeline company’s stock after selling 3,090 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mplx were worth $2,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MPLX. Cambridge Investment Research Advisors Inc. increased its stake in Mplx by 5.6% during the 1st 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 in the last quarter. International Assets Investment Management LLC increased its stake in shares of Mplx by 32.6% in the first quarter. International Assets Investment Management LLC now owns 9,644 shares of the pipeline company’s stock worth $516,000 after acquiring an additional 2,370 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Mplx in the first quarter worth $230,000. Spire Wealth Management increased its stake in shares of Mplx by 9.9% in the first quarter. Spire Wealth Management now owns 8,952 shares of the pipeline company’s stock worth $479,000 after acquiring an additional 807 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Mplx in the first quarter worth $67,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MPLX shares. Barclays increased their price objective 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. Weiss Ratings lowered shares of Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price objective 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. Wells Fargo & Company cut their price objective 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. Finally, Wall Street Zen lowered shares of Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned 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.

Mplx Stock Performance

Shares of NYSE MPLX opened at $50.49 on Friday. The company’s fifty day moving average price is $50.11 and its 200 day moving average price is $50.56. Mplx Lp has a 1 year low of $43.54 and a 1 year high of $54.87. The company has a market capitalization of $51.45 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.97 and a current ratio of 1.03.

Mplx (NYSE:MPLX) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company posted $1.15 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts predict that Mplx Lp will post 4.41 earnings per share for the current 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.