Stratos Wealth Partners LTD. Boosts Position in Mplx Lp $MPLX

Stratos Wealth Partners LTD. boosted its holdings in shares of Mplx Lp (NYSE:MPLX) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,411 shares of the pipeline company’s stock after acquiring an additional 428 shares during the period. Stratos Wealth Partners LTD.’s holdings in Mplx were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC bought a new stake in shares of Mplx in the 2nd quarter valued at about $776,894,000. Goldman Sachs Group Inc. boosted its holdings in shares of Mplx by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,649,224 shares of the pipeline company’s stock valued at $730,506,000 after buying an additional 83,392 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in Mplx by 38.2% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 7,788,063 shares of the pipeline company’s stock worth $416,817,000 after purchasing an additional 2,153,490 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Mplx by 0.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,456 shares of the pipeline company’s stock worth $372,256,000 after purchasing an additional 50,979 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Mplx by 14.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,045,968 shares of the pipeline company’s stock worth $270,060,000 after purchasing an additional 654,489 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Price Performance

Shares of NYSE MPLX opened at $49.63 on Tuesday. The firm has a market cap of $50.58 billion, a PE ratio of 11.79, a PEG ratio of 1.33 and a beta of 0.68. The firm has a fifty day moving average of $50.07 and a 200 day moving average of $50.52. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.97 and a current ratio of 1.03. Mplx Lp has a one year low of $43.54 and a one year high of $54.87.

Mplx (NYSE:MPLX) last issued its quarterly 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 company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Mplx had a return on equity of 30.95% and a net margin of 35.44%.Mplx’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 EPS. As a group, research analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MPLX has been the subject of a number of recent research reports. Zacks Research lowered shares of Mplx from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday, September 23rd. Morgan Stanley raised their price target on shares of Mplx from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 26th. Stifel Nicolaus raised their price target on shares of Mplx from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, Weiss Ratings lowered shares of Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, October 8th. Eight research 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 data from MarketBeat.com, Mplx currently has a consensus rating of “Moderate Buy” and an average price target of $57.50.

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.