Opal Capital LLC Has $13.21 Million Stock Position in Mplx Lp $MPLX

Opal Capital LLC increased its holdings in shares of Mplx Lp (NYSE:MPLX) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,535 shares of the pipeline company’s stock after acquiring an additional 11,746 shares during the quarter. Mplx makes up approximately 2.3% of Opal Capital LLC’s holdings, making the stock its 4th biggest holding. Opal Capital LLC’s holdings in Mplx were worth $13,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of Mplx by 4.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,049 shares of the pipeline company’s stock worth $1,287,000 after purchasing an additional 939 shares during the period. Geode Capital Management LLC boosted its position in Mplx by 6.6% during the 2nd quarter. Geode Capital Management LLC now owns 16,557 shares of the pipeline company’s stock valued at $853,000 after purchasing an additional 1,021 shares during the period. Guggenheim Capital LLC boosted its position in Mplx by 5.4% during the 2nd quarter. Guggenheim Capital LLC now owns 19,139 shares of the pipeline company’s stock valued at $986,000 after purchasing an additional 972 shares during the period. Cerity Partners LLC grew its stake in Mplx by 12.5% during the 2nd quarter. Cerity Partners LLC now owns 53,113 shares of the pipeline company’s stock worth $2,736,000 after buying an additional 5,916 shares during the last quarter. Finally, Glenview Trust co grew its stake in Mplx by 62.5% during the 2nd quarter. Glenview Trust co now owns 6,500 shares of the pipeline company’s stock worth $335,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MPLX shares. Weiss Ratings cut Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Morgan Stanley lowered their price target on shares of Mplx from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Truist Financial dropped their price objective on shares of Mplx from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Zacks Research upgraded shares of Mplx from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.60.

Mplx Trading Up 1.7%

Shares of NYSE:MPLX opened at $59.35 on Wednesday. The company has a 50 day moving average of $56.60 and a 200-day moving average of $56.48. The firm has a market cap of $60.22 billion, a P/E ratio of 12.85, a P/E/G ratio of 5.64 and a beta of 0.47. Mplx Lp has a twelve month low of $47.80 and a twelve month high of $59.98. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.71.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). Mplx had a net margin of 36.38% and a return on equity of 32.74%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the business earned $1.10 EPS. Mplx’s revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that Mplx Lp will post 4.19 earnings per share for the current fiscal year.

About Mplx

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.