Boys Arnold & Co. Inc. held its position in shares of MPLX LP (NYSE:MPLX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,507 shares of the company’s stock at the end of the third quarter. Boys Arnold & Co. Inc.’s holdings in MPLX were worth $322,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MPLX. Advisory Services Network LLC increased its stake in shares of MPLX 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 during the last quarter. MCF Advisors LLC increased its stake in shares of MPLX 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. CENTRAL TRUST Co increased its stake in shares of MPLX 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. Advisor Group Inc. purchased a new stake in shares of MPLX during the second quarter valued at approximately $192,000. Finally, Proficio Capital Partners LLC increased its stake in shares of MPLX by 28.4% in the second quarter. Proficio Capital Partners LLC now owns 5,832 shares of the company’s stock valued at $194,000 after buying an additional 1,290 shares during the last quarter. Institutional investors and hedge funds own 66.76% of the company’s stock.
Shares of MPLX LP (NYSE:MPLX) opened at 36.56 on Wednesday. The stock’s 50 day moving average is $34.17 and its 200-day moving average is $33.07. The firm’s market cap is $12.74 billion. MPLX LP has a 1-year low of $16.34 and a 1-year high of $37.11.
MPLX (NYSE:MPLX) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business earned $703 million during the quarter, compared to analyst estimates of $654.87 million. MPLX had a net margin of 3.36% and a return on equity of 2.09%. MPLX’s quarterly revenue was up 228.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Analysts expect that MPLX LP will post $0.02 earnings per share for the current year.
Several equities research analysts have recently issued reports on MPLX shares. Zacks Investment Research downgraded shares of MPLX from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 29th. Mizuho started coverage on shares of MPLX in a report on Friday, September 30th. They set a “neutral” rating and a $35.00 target price for the company. Jefferies Group LLC set a $35.00 target price on shares of MPLX and gave the stock a “hold” rating in a report on Saturday, October 15th. FBR & Co set a $35.00 target price on shares of MPLX and gave the stock a “hold” rating in a report on Sunday, October 30th. Finally, Raymond James Financial, Inc. upgraded shares of MPLX from a “mkt perform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Monday, October 31st. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.06.
In other MPLX news, VP Randy S. Nickerson sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $36.08, for a total transaction of $541,200.00. Following the completion of the sale, the vice president now owns 189,666 shares in the company, valued at approximately $6,843,149.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP C Corwin Bromley sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $34.52, for a total transaction of $345,200.00. Following the sale, the vice president now owns 128,559 shares of the company’s stock, valued at approximately $4,437,856.68. The disclosure for this sale can be found here. Insiders have sold a total of 164,500 shares of company stock valued at $5,609,050 in the last 90 days.
MPLX 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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