Hilton Capital Management LLC continued to hold its stake in shares of Mplx Lp (NYSE:MPLX) during the second quarter, Holdings Channel reports. The firm owned 7,085 shares of the company’s stock at the end of the second quarter. Hilton Capital Management LLC’s holdings in Mplx Lp were worth $238,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. BlackRock Group LTD purchased a new position in Mplx Lp during the first quarter worth approximately $1,940,000. Americafirst Capital Management LLC purchased a new position in Mplx Lp during the second quarter worth approximately $173,000. Conning Inc. increased its position in Mplx Lp by 30.3% in the second quarter. Conning Inc. now owns 112,474 shares of the company’s stock worth $3,783,000 after buying an additional 26,158 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Mplx Lp during the first quarter worth approximately $2,279,000. Finally, Glenmede Trust Co. NA increased its position in Mplx Lp by 37.4% in the first quarter. Glenmede Trust Co. NA now owns 80,713 shares of the company’s stock worth $2,396,000 after buying an additional 21,976 shares in the last quarter.
Shares of Mplx Lp (NYSE:MPLX) traded down 0.15% during trading on Monday, hitting $32.81. The stock had a trading volume of 779,663 shares. The company’s 50 day moving average price is $33.02 and its 200 day moving average price is $31.75. The stock’s market cap is $11.01 billion. Mplx Lp has a 12 month low of $16.34 and a 12 month high of $45.63.
Mplx Lp (NYSE:MPLX) last issued its earnings results on Thursday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.39. The business earned $564 million during the quarter, compared to the consensus estimate of $657.88 million. The firm’s quarterly revenue was up 161.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. Equities research analysts expect that Mplx Lp will post $0.21 earnings per share for the current fiscal year.
A number of analysts recently issued reports on MPLX shares. Zacks Investment Research upgraded Mplx Lp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, July 27th. Jefferies Group started coverage on Mplx Lp in a research report on Tuesday, August 23rd. They issued a “hold” rating and a $35.00 price target for the company. FBR & Co started coverage on Mplx Lp in a research report on Friday, September 9th. They issued a “market perform” rating and a $35.00 price target for the company. Finally, Barclays PLC started coverage on Mplx Lp in a research report on Tuesday, July 19th. They issued an “overweight” rating and a $42.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $36.18.
In other Mplx Lp news, CAO Paula L. Rosson sold 12,267 shares of the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $33.38, for a total value of $409,472.46. Following the completion of the sale, the chief accounting officer now directly owns 40,364 shares in the company, valued at approximately $1,347,350.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Mplx Lp Company Profile
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products.
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