Pointe Capital Management LLC raised its position in Mplx Lp (NYSE:MPLX) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,692 shares of the company’s stock after buying an additional 3,978 shares during the period. Mplx Lp makes up approximately 2.1% of Pointe Capital Management LLC’s holdings, making the stock its 11th largest position. Pointe Capital Management LLC’s holdings in Mplx Lp were worth $2,949,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. MCF Advisors LLC boosted its stake in Mplx Lp by 2.6% in the first quarter. MCF Advisors LLC now owns 3,582 shares of the company’s stock worth $106,000 after buying an additional 90 shares during the period. Monetary Management Group Inc. boosted its stake in Mplx Lp by 7.0% in the first quarter. Monetary Management Group Inc. now owns 4,000 shares of the company’s stock worth $119,000 after buying an additional 262 shares during the period. Americafirst Capital Management LLC purchased a new stake in Mplx Lp during the second quarter worth about $173,000. Catawba Capital Management VA purchased a new stake in Mplx Lp during the second quarter worth about $200,000. Finally, Trellus Management Company LLC purchased a new stake in Mplx Lp during the second quarter worth about $202,000.
Shares of Mplx Lp (NYSE:MPLX) traded down 0.15% during mid-day trading on Monday, reaching $32.81. 779,663 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $33.02 and a 200-day moving average price of $31.75. Mplx Lp has a 12 month low of $16.34 and a 12 month high of $45.63. The stock’s market cap is $11.01 billion.
Mplx Lp (NYSE:MPLX) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.39. The firm had revenue of $564 million for the quarter, compared to the consensus estimate of $657.88 million. During the same period in the previous year, the business posted $0.50 earnings per share. Mplx Lp’s revenue for the quarter was up 161.1% on a year-over-year basis. On average, analysts predict that Mplx Lp will post $0.21 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on MPLX shares. Barclays PLC started coverage on shares of Mplx Lp in a report on Tuesday, July 19th. They set an “overweight” rating and a $42.00 price target for the company. Zacks Investment Research upgraded shares of Mplx Lp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, July 27th. Jefferies Group started coverage on shares of Mplx Lp in a report on Tuesday, August 23rd. They set a “hold” rating and a $35.00 price target for the company. Finally, FBR & Co started coverage on shares of Mplx Lp in a report on Friday, September 9th. They set a “market perform” rating and a $35.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $36.18.
In other news, CAO Paula L. Rosson sold 12,267 shares of Mplx Lp stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $33.38, for a total value of $409,472.46. Following the completion of the transaction, the chief accounting officer now owns 40,364 shares of the company’s stock, valued at approximately $1,347,350.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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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