MPLX has been the topic of a number of other research reports. Barclays PLC started coverage on Mplx Lp in a research note on Tuesday, July 19th. They set an overweight rating and a $42.00 target price on the stock. Zacks Investment Research raised Mplx Lp from a hold rating to a buy rating and set a $37.00 target price on the stock in a research note on Wednesday, July 27th. Jefferies Group started coverage on Mplx Lp in a research note on Tuesday, August 23rd. They set a hold rating and a $35.00 target price on the stock. Finally, FBR & Co started coverage on Mplx Lp in a research note on Friday, September 9th. They set a market perform rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $36.11.
Mplx Lp (NYSE:MPLX) traded down 0.960% on Friday, reaching $33.535. The company had a trading volume of 115,218 shares. Mplx Lp has a 52 week low of $16.34 and a 52 week high of $45.63. The stock’s 50-day moving average is $33.06 and its 200-day moving average is $32.01. The company’s market capitalization is $11.26 billion.
Mplx Lp (NYSE:MPLX) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.11) earnings per share 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. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Mplx Lp’s revenue was up 161.1% compared to the same quarter last year. Equities research analysts forecast that Mplx Lp will post $0.21 EPS for the current fiscal year.
In other 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 transaction of $492,150.00. Following the completion of the sale, the chief financial officer now owns 187,779 shares in the company, valued at approximately $6,161,028.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several hedge funds have recently modified their holdings of MPLX. Advisory Services Network LLC raised its stake in shares of Mplx Lp by 8.5% in the second quarter. Advisory Services Network LLC now owns 3,282 shares of the company’s stock valued at $110,000 after buying an additional 257 shares in the last quarter. Monetary Management Group Inc. increased its position in Mplx Lp by 7.0% in the first quarter. Monetary Management Group Inc. now owns 4,000 shares of the company’s stock valued at $119,000 after buying an additional 262 shares during the last quarter. MCF Advisors LLC increased its position in Mplx Lp by 1.6% in the second quarter. MCF Advisors LLC now owns 3,639 shares of the company’s stock valued at $122,000 after buying an additional 57 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in Mplx Lp during the second quarter valued at about $173,000. Finally, Advisor Group Inc. purchased a new position in Mplx Lp during the second quarter valued at about $192,000.
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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