Mplx Lp $MPLX Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in Mplx Lp (NYSE:MPLX) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,375 shares of the pipeline company’s stock after acquiring an additional 21,254 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Mplx were worth $17,533,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mplx during the 2nd quarter valued at approximately $776,894,000. Goldman Sachs Group Inc. boosted its stake in shares of Mplx by 0.6% during 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 during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Mplx by 38.2% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 7,788,063 shares of the pipeline company’s stock valued at $416,817,000 after buying an additional 2,153,490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Mplx by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,456 shares of the pipeline company’s stock valued at $372,256,000 after buying an additional 50,979 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Mplx by 14.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,045,968 shares of the pipeline company’s stock valued at $270,060,000 after buying an additional 654,489 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Performance

MPLX stock opened at $48.87 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40. The firm has a market cap of $49.80 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.34 and a beta of 0.68. Mplx Lp has a 12-month low of $43.53 and a 12-month high of $54.87. The stock’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $50.79.

Mplx (NYSE:MPLX) last issued its earnings results 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business earned $1.15 earnings per share. Mplx’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MPLX. Wells Fargo & Company reduced their target price on Mplx from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, September 23rd. Weiss Ratings cut Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday. Stifel Nicolaus increased their target price on Mplx from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Barclays increased their target price on Mplx from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, Wall Street Zen lowered Mplx from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has 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.

About Mplx

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.