Energy Income Partners LLC Buys 39,795 Shares of Mplx Lp (NYSE:MPLX)

Share on StockTwits

Energy Income Partners LLC lifted its stake in shares of Mplx Lp (NYSE:MPLX) by 1.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,317,136 shares of the pipeline company’s stock after acquiring an additional 39,795 shares during the period. Mplx makes up 1.3% of Energy Income Partners LLC’s investment portfolio, making the stock its 25th biggest position. Energy Income Partners LLC owned about 0.29% of Mplx worth $74,589,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BP Capital Fund Advisors LLC lifted its stake in Mplx by 24.5% in the second quarter. BP Capital Fund Advisors LLC now owns 237,536 shares of the pipeline company’s stock worth $7,646,000 after purchasing an additional 46,697 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Mplx by 9.6% during the second quarter. Brookfield Asset Management Inc. now owns 8,598,229 shares of the pipeline company’s stock valued at $276,777,000 after acquiring an additional 751,898 shares during the last quarter. Invesco Ltd. raised its stake in shares of Mplx by 3,767.3% during the second quarter. Invesco Ltd. now owns 10,803,970 shares of the pipeline company’s stock valued at $347,780,000 after acquiring an additional 10,524,600 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Mplx by 4.5% during the second quarter. Cohen & Steers Inc. now owns 1,433,196 shares of the pipeline company’s stock valued at $46,135,000 after acquiring an additional 61,626 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Mplx during the second quarter valued at about $223,000. 23.25% of the stock is owned by institutional investors.

In other news, Director Garry L. Peiffer purchased 18,800 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $27.30 per share, with a total value of $513,240.00. Following the purchase, the director now directly owns 14,302 shares of the company’s stock, valued at approximately $390,444.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary R. Heminger purchased 42,600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $27.18 per share, with a total value of $1,157,868.00. Following the purchase, the chief executive officer now directly owns 131,956 shares in the company, valued at $3,586,564.08. The disclosure for this purchase can be found here. In the last three months, insiders acquired 79,400 shares of company stock valued at $2,159,808.

A number of equities research analysts have recently issued reports on MPLX shares. Bank of America raised shares of Mplx from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday, June 11th. Barclays reiterated an “overweight” rating and issued a $33.00 price target on shares of Mplx in a research note on Monday, August 19th. Raymond James lowered their target price on shares of Mplx from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Jefferies Financial Group restated a “buy” rating and set a $35.00 target price on shares of Mplx in a research report on Tuesday, September 3rd. Finally, Credit Suisse Group restated an “outperform” rating and set a $33.00 target price (down from $38.00) on shares of Mplx in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $35.83.

Mplx stock opened at $29.75 on Friday. Mplx Lp has a one year low of $25.85 and a one year high of $35.90. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.68 and a current ratio of 0.75. The business has a fifty day moving average of $28.05 and a two-hundred day moving average of $31.08. The company has a market cap of $31.04 billion, a P/E ratio of 12.99 and a beta of 1.11.

Mplx (NYSE:MPLX) last released its earnings results on Thursday, August 1st. The pipeline company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Mplx had a net margin of 28.78% and a return on equity of 27.94%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business posted $0.55 EPS. Mplx’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts predict that Mplx Lp will post 2.52 EPS for the current year.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products.

Recommended Story: What is dollar cost averaging (DCA)?

Want to see what other hedge funds are holding MPLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mplx Lp (NYSE:MPLX).

Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Sunoco  Given a $33.00 Price Target by Barclays Analysts
Sunoco Given a $33.00 Price Target by Barclays Analysts
Knight-Swift Transportation  PT Set at $30.00 by Credit Suisse Group
Knight-Swift Transportation PT Set at $30.00 by Credit Suisse Group
Pyxis Tankers  Upgraded to “Buy” at Zacks Investment Research
Pyxis Tankers Upgraded to “Buy” at Zacks Investment Research
Barclays Analysts Give Rattler Midstream  a $19.00 Price Target
Barclays Analysts Give Rattler Midstream a $19.00 Price Target
Mercadolibre  Given a $700.00 Price Target by Barclays Analysts
Mercadolibre Given a $700.00 Price Target by Barclays Analysts
Sandler O’Neill Reiterates “$45.00” Price Target for Charles Schwab
Sandler O’Neill Reiterates “$45.00” Price Target for Charles Schwab


© 2006-2019 Ticker Report