Applied Capital LLC FL Buys 3,580 Shares of MPLX LP $MPLX

Applied Capital LLC FL boosted its stake in shares of MPLX LP (NYSE:MPLX) by 20.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,150 shares of the pipeline company’s stock after purchasing an additional 3,580 shares during the period. Applied Capital LLC FL’s holdings in MPLX were worth $1,089,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of MPLX by 15.5% in the 1st quarter. Farther Finance Advisors LLC now owns 6,211 shares of the pipeline company’s stock valued at $333,000 after buying an additional 835 shares during the last quarter. Birch Capital Management LLC lifted its stake in MPLX by 1.8% in the first quarter. Birch Capital Management LLC now owns 31,044 shares of the pipeline company’s stock valued at $1,661,000 after acquiring an additional 534 shares during the last quarter. GraniteShares Advisors LLC grew its position in shares of MPLX by 6.5% in the 1st quarter. GraniteShares Advisors LLC now owns 54,761 shares of the pipeline company’s stock valued at $2,931,000 after acquiring an additional 3,320 shares during the period. F&V Capital Management LLC grew its position in shares of MPLX by 58.1% in the 1st quarter. F&V Capital Management LLC now owns 12,250 shares of the pipeline company’s stock valued at $656,000 after acquiring an additional 4,500 shares during the period. Finally, Griffin Asset Management Inc. increased its stake in shares of MPLX by 2.8% during the 1st quarter. Griffin Asset Management Inc. now owns 12,752 shares of the pipeline company’s stock worth $682,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MPLX shares. Wells Fargo & Company cut their target price on shares of MPLX from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, September 23rd. Wall Street Zen cut MPLX from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley boosted their target price on MPLX from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Zacks Research downgraded MPLX from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, Barclays upped their price objective on shares of MPLX from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.89.

MPLX Stock Performance

Shares of NYSE MPLX opened at $47.87 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.97. The firm has a market cap of $48.78 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.31 and a beta of 0.68. The stock’s fifty day moving average price is $50.33 and its two-hundred day moving average price is $50.71. MPLX LP has a one year low of $43.54 and a one year high of $54.87.

MPLX (NYSE:MPLX) last posted its earnings results on Tuesday, August 5th. The pipeline company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.13 billion. During the same period in the prior year, the business posted $1.15 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities 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.