7,306 Shares in Mplx Lp $MPLX Purchased by Arista Wealth Management LLC

Arista Wealth Management LLC bought a new position in shares of Mplx Lp (NYSE:MPLX) in the second quarter, Holdings Channel reports. The institutional investor bought 7,306 shares of the pipeline company’s stock, valued at approximately $376,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Colonial River Investments LLC grew its holdings in Mplx by 1.8% during the 1st quarter. Colonial River Investments LLC now owns 11,603 shares of the pipeline company’s stock worth $621,000 after acquiring an additional 200 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in Mplx by 1.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 11,603 shares of the pipeline company’s stock worth $621,000 after acquiring an additional 200 shares during the last quarter. Magnus Financial Group LLC grew its holdings in Mplx by 4.9% during the 2nd quarter. Magnus Financial Group LLC now owns 4,602 shares of the pipeline company’s stock worth $237,000 after acquiring an additional 215 shares during the last quarter. Fifth Third Bancorp grew its holdings in Mplx by 7.7% during the 2nd quarter. Fifth Third Bancorp now owns 3,165 shares of the pipeline company’s stock worth $163,000 after acquiring an additional 227 shares during the last quarter. Finally, Cherry Creek Investment Advisors Inc. grew its holdings in Mplx by 1.8% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 14,743 shares of the pipeline company’s stock worth $789,000 after acquiring an additional 254 shares during the last quarter. Institutional investors own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Zacks Research lowered shares of Mplx from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of Mplx from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Barclays raised their target price on shares of Mplx from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Wells Fargo & Company reduced their target price on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 23rd. Finally, Weiss Ratings lowered shares of Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mplx presently has an average rating of “Moderate Buy” and a consensus target price of $57.50.

Mplx Stock Up 1.0%

Shares of NYSE MPLX opened at $49.01 on Friday. The firm has a market capitalization of $49.94 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.32 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40. Mplx Lp has a 1 year low of $43.54 and a 1 year high of $54.87. The firm’s 50-day moving average is $50.08 and its 200-day moving average is $50.55.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Tuesday, August 5th. The pipeline company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.05). Mplx had a return on equity of 30.95% and a net margin of 35.44%.The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business earned $1.15 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. Equities analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Mplx Company Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.