Swift Run Capital Management LLC maintained its position in shares of Mplx Lp (NYSE:MPLX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,239 shares of the company’s stock at the end of the third quarter. Swift Run Capital Management LLC’s holdings in Mplx Lp were worth $685,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisory Services Network LLC increased its position 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 worth $110,000 after buying an additional 257 shares during the period. MCF Advisors LLC increased its stake in shares of 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. Koshinski Asset Management Inc. bought a new stake in shares of Mplx Lp during the third quarter valued at approximately $157,000. Americafirst Capital Management LLC bought a new stake in shares of Mplx Lp during the second quarter valued at approximately $173,000. Finally, CENTRAL TRUST Co increased its stake in shares of Mplx Lp by 19.8% in the third quarter. CENTRAL TRUST Co now owns 5,615 shares of the company’s stock valued at $190,000 after buying an additional 928 shares during the last quarter.
Mplx Lp (NYSE:MPLX) opened at 33.60 on Monday. Mplx Lp has a 52-week low of $16.34 and a 52-week high of $43.89. The company’s 50-day moving average is $32.35 and its 200-day moving average is $32.71. The firm’s market capitalization is $11.71 billion.
Mplx Lp (NYSE:MPLX) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $703 million for the quarter, compared to the consensus estimate of $654.87 million. Mplx Lp’s quarterly revenue was up 228.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts forecast that Mplx Lp will post $0.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were given a dividend of $0.515 per share. The ex-dividend date was Wednesday, November 2nd. This represents a $2.06 annualized dividend and a yield of 6.13%. This is a positive change from Mplx Lp’s previous quarterly dividend of $0.51.
Several analysts recently commented on the stock. FBR & Co set a $35.00 target price on shares of Mplx Lp and gave the stock a “hold” rating in a report on Sunday, October 30th. Jefferies Group set a $35.00 target price on shares of Mplx Lp and gave the stock a “hold” rating in a report on Saturday, October 15th. Zacks Investment Research raised shares of Mplx Lp from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 2nd. Citigroup Inc. raised shares of Mplx Lp from a “market perform” rating to a “strong-buy” rating in a report on Monday, October 31st. Finally, Mizuho lifted their target price on shares of Mplx Lp from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, October 28th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $36.79.
In other Mplx Lp news, VP Randy S. Nickerson sold 15,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $33.07, for a total transaction of $496,050.00. Following the completion of the transaction, the vice president now owns 223,585 shares in the company, valued at $7,393,955.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gregory Scott Floerke sold 1,000 shares of the stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $31.00, for a total transaction of $31,000.00. The disclosure for this sale can be found here.
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.