Goodwin Daniel L purchased a new position in shares of Mplx Lp (NYSE:MPLX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,000 shares of the company’s stock, valued at approximately $504,000.
Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Mplx Lp by 79.3% in the first quarter. Goldman Sachs Group Inc. now owns 19,503,329 shares of the company’s stock valued at $579,054,000 after buying an additional 8,625,949 shares during the period. Harvest Fund Advisors LLC boosted its stake in Mplx Lp by 13.0% in the first quarter. Harvest Fund Advisors LLC now owns 13,534,152 shares of the company’s stock valued at $401,829,000 after buying an additional 1,556,580 shares during the period. Center Coast Capital Advisors LP boosted its stake in Mplx Lp by 2.5% in the second quarter. Center Coast Capital Advisors LP now owns 7,433,330 shares of the company’s stock valued at $249,983,000 after buying an additional 181,426 shares during the period. ING Groep NV boosted its stake in Mplx Lp by 35.6% in the second quarter. ING Groep NV now owns 5,238,682 shares of the company’s stock valued at $176,020,000 after buying an additional 1,375,800 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Mplx Lp during the second quarter valued at approximately $100,897,000.
Mplx Lp (NYSE:MPLX) traded down 2.11% during mid-day trading on Tuesday, hitting $32.01. The company’s stock had a trading volume of 580,038 shares. The firm has a 50 day moving average of $33.06 and a 200-day moving average of $32.08. Mplx Lp has a 52-week low of $16.34 and a 52-week high of $45.63. The firm’s market cap is $10.74 billion.
Mplx Lp (NYSE:MPLX) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.39. The company earned $564 million during the quarter, compared to analyst estimates of $657.88 million. The firm’s revenue for the quarter was up 161.1% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. On average, equities research analysts expect that Mplx Lp will post $0.21 EPS for the current fiscal year.
Several equities research analysts have recently commented on the company. FBR & Co assumed coverage on Mplx Lp in a research note on Friday, September 9th. They issued a “market perform” rating and a $35.00 target price for the company. Jefferies Group began coverage on Mplx Lp in a research report on Tuesday, August 23rd. They issued a “hold” rating and a $35.00 price target on the stock. Zacks Investment Research upgraded Mplx Lp from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, July 27th. Barclays PLC began coverage on Mplx Lp in a research report on Tuesday, July 19th. They issued an “overweight” rating and a $42.00 price target on the stock. Finally, Mizuho began coverage on Mplx Lp in a research report on Friday. They issued a “neutral” rating and a $35.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.11.
In related news, CFO Nancy Buese sold 15,000 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $32.81, for a total value of $492,150.00. Following the completion of the sale, the chief financial officer now directly owns 187,779 shares in the company, valued at $6,161,028.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
About Mplx Lp
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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