Mplx Lp $MPLX Position Lessened by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in Mplx Lp (NYSE:MPLX) by 28.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,868 shares of the pipeline company’s stock after selling 2,776 shares during the period. International Assets Investment Management LLC’s holdings in Mplx were worth $354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Wealth Asset Management LLC acquired a new stake in shares of Mplx in the 2nd quarter worth about $26,000. EQ Wealth Advisors LLC acquired a new stake in shares of Mplx in the second quarter valued at approximately $31,000. Blue Trust Inc. raised its holdings in shares of Mplx by 509.0% during the second quarter. Blue Trust Inc. now owns 609 shares of the pipeline company’s stock valued at $31,000 after buying an additional 509 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Mplx during the first quarter worth approximately $33,000. Finally, JFS Wealth Advisors LLC bought a new position in Mplx in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays increased their price target on Mplx from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Zacks Research cut shares of Mplx from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings lowered shares of Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their price target on Mplx from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mplx currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

Mplx Trading Up 1.9%

Mplx stock opened at $50.57 on Thursday. Mplx Lp has a 52 week low of $43.54 and a 52 week high of $54.87. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.97 and a current ratio of 1.03. The firm has a market capitalization of $51.53 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.35 and a beta of 0.68. The company has a 50 day moving average price of $50.09 and a 200 day moving average price of $50.51.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.05). The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.13 billion. Mplx had a return on equity of 30.95% and a net margin of 35.44%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. Research analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Mplx 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.