Mutual of America Capital Management LLC Has $694,000 Stake in MPLX LP (MPLX)
Mutual of America Capital Management LLC continued to hold its position in shares of MPLX LP (NYSE:MPLX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,768 shares of the pipeline company’s stock at the close of the second quarter. Mutual of America Capital Management LLC’s holdings in MPLX were worth $694,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Ffcm LLC purchased a new stake in MPLX during the 2nd quarter worth about $116,000. Cedar Wealth Management LLC lifted its holdings in MPLX by 17.6% during the 2nd quarter. Cedar Wealth Management LLC now owns 5,490 shares of the pipeline company’s stock worth $183,000 after purchasing an additional 820 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in MPLX during the 1st quarter worth about $198,000. BB&T Securities LLC lifted its holdings in MPLX by 6.2% during the 2nd quarter. BB&T Securities LLC now owns 6,209 shares of the pipeline company’s stock worth $207,000 after purchasing an additional 360 shares in the last quarter. Finally, Waldron LP purchased a new stake in MPLX during the 1st quarter worth about $220,000. Institutional investors own 63.16% of the company’s stock.
In other news, VP C Corwin Bromley sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $34.50, for a total value of $86,250.00. Following the completion of the transaction, the vice president now owns 123,705 shares of the company’s stock, valued at $4,267,822.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 8,000 shares of company stock valued at $276,910.
MPLX has been the topic of a number of recent research reports. BidaskClub raised MPLX from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Scotiabank reissued a “buy” rating and set a $44.00 price objective on shares of MPLX in a report on Wednesday, October 4th. Zacks Investment Research cut MPLX from a “hold” rating to a “strong sell” rating in a report on Saturday, July 15th. Jefferies Group LLC dropped their price objective on MPLX from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, August 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $42.00 price objective (down previously from $43.00) on shares of MPLX in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.25.
Shares of MPLX LP (NYSE:MPLX) opened at 35.06 on Wednesday. The firm has a 50 day moving average price of $34.55 and a 200 day moving average price of $34.65. The stock has a market cap of $13.62 billion, a PE ratio of 41.89 and a beta of 1.36. MPLX LP has a 12-month low of $30.09 and a 12-month high of $39.43.
MPLX (NYSE:MPLX) last released its quarterly earnings data on Thursday, July 27th. The pipeline company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $916.00 million during the quarter, compared to analyst estimates of $884.70 million. MPLX had a return on equity of 6.13% and a net margin of 19.07%. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) earnings per share. On average, equities analysts expect that MPLX LP will post $0.98 EPS for the current year.
MPLX Company Profile
MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire 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.
Receive News & Stock Ratings for MPLX LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MPLX LP and related stocks with our FREE daily email newsletter.