2,316 Shares in Mplx Lp (MPLX) Purchased by Paragon Capital Management LLC

Paragon Capital Management LLC acquired a new position in Mplx Lp (NYSE:MPLX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,316 shares of the pipeline company’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tortoise Index Solutions LLC raised its stake in Mplx by 110.5% during the 4th quarter. Tortoise Index Solutions LLC now owns 104,242 shares of the pipeline company’s stock valued at $3,159,000 after buying an additional 54,725 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Mplx by 4.7% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 28,187,706 shares of the pipeline company’s stock valued at $977,550,000 after buying an additional 1,269,600 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Mplx by 9.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 329,587 shares of the pipeline company’s stock valued at $11,074,000 after buying an additional 29,505 shares during the last quarter. Energy Income Partners LLC raised its stake in Mplx by 19.1% during the 4th quarter. Energy Income Partners LLC now owns 1,556,537 shares of the pipeline company’s stock valued at $47,163,000 after buying an additional 249,145 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Mplx by 10.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 219,219 shares of the pipeline company’s stock valued at $6,642,000 after buying an additional 20,561 shares during the last quarter. Institutional investors own 31.08% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Mplx from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine downgraded shares of Mplx from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Barclays reissued a “buy” rating and set a $38.00 price objective on shares of Mplx in a research report on Wednesday, March 13th. Credit Suisse Group cut their price objective on shares of Mplx from $44.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, March 12th. Finally, UBS Group cut their price objective on shares of Mplx to $41.00 and set an “overweight” rating for the company in a research report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.70.

Shares of MPLX stock traded down $0.15 during mid-day trading on Monday, reaching $32.60. 1,429,087 shares of the company’s stock traded hands, compared to its average volume of 1,660,218. Mplx Lp has a 12 month low of $28.32 and a 12 month high of $39.01. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.76 and a quick ratio of 0.69. The company has a market cap of $25.91 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.17 and a beta of 1.30.

Mplx (NYSE:MPLX) last issued its earnings results on Thursday, February 7th. The pipeline company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.16). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Mplx had a return on equity of 26.21% and a net margin of 28.30%. The company’s quarterly revenue was up 58.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. Equities research analysts expect that Mplx Lp will post 2.51 EPS for the current year.

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Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products.

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Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

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