MPLX LP (MPLX): Watch List Basic Materials Stock Buzz

Lloyd Doyle
April 17, 2018

The institutional investor held 1.49M shares of the natural gas distribution company at the end of 2017Q4, valued at $53.01 million, down from 3.05M at the end of the previous reported quarter. Heronetta Management Lp who had been investing in Mplx Lp for a number of months, seems to be bullish on the $26.08B market cap company.

The stock decreased 0.61% or $0.2 during the last trading session, reaching $32.42. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $937.04 million. It has underperformed by 17.84% the S&P500.

Kempner Capital Management Inc decreased its stake in Rio Tinto Plc (RIO) by 62.81% based on its latest 2017Q4 regulatory filing with the SEC. Tortoise Capital Advisors L.L.C. now owns 22,787,043 shares of the pipeline company's stock worth $797,774,000 after buying an additional 3,681,395 shares during the last quarter. The institutional investor held 89,996 shares of the computer manufacturing company at the end of 2017Q4, valued at $15.23M, down from 92,470 at the end of the previous reported quarter. Baupost Group Llc who had been investing in Antero Res Corp for a number of months, seems to be bullish on the $6.55B market cap company. The stock decreased 2.52% or $1.74 during the last trading session, reaching $67.38.

On 12/11/2017 Gregory Scott Floerke, VP, sold 2,000 with an average share price of $37.00 per share and the total transaction amounting to $74,000.00. It has outperformed by 0.48% the S&P500.

MPLX had 1 sale and 0 insider purchases since December 11, 2017.


Investors sentiment decreased to 0.82 in Q4 2017. That's change of 0.22, from 2017Q3's 1.04. The ratio is negative due to MPLX positioning: 32 sold and 89 reduced. 26 funds bought stakes and 73 increased stakes. The pipeline company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). Signaturefd Lc owns 7,320 shares for 0.03% of their portfolio. Zacks Investment Research downgraded Mplx from a "buy" rating to a "hold" rating in a research note on Thursday. Colorado-based Asset Mngmt has invested 0.03% in MPLX LP (NYSE:MPLX). New York-based Tower Cap Limited Liability Corp (Trc) has invested 0% in MPLX LP (NYSE:MPLX). Catawba Mgmt Va reported 28,185 shares. New York State Common Retirement Fund has 0.02% invested in Antero Resources Corporation (NYSE:AR) for 983,894 shares. Nuveen Asset Mngmt Ltd Com owns 33,625 shares. Amer Century has invested 0% in MPLX LP (NYSE:MPLX). SG Americas Securities LLC now owns 90,377 shares of the company's stock worth $3,060,000 after buying an additional 12,047 shares during the last quarter.

Analysts expect MPLX LP (NYSE:MPLX) to report $0.46 EPS on April, 26.They anticipate $0.27 EPS change or 142.11 % from last quarter's $0.19 EPS. For a total of 1.57 million shares it increased its holding in Phillips 66 Partners Lp (NYSE:PSXP) by 226,624 shares in the quarter, and has risen its stake in Buckeye Partners Lp (NYSE:BPL). After $0.31 actual EPS reported by MPLX LP for the previous quarter, Wall Street now forecasts 48.39 % EPS growth. Northwestern Mutual Wealth Communication holds 0% of its portfolio in MPLX LP (NYSE:MPLX) for 326 shares.

Among 21 analysts covering MPLX LP (NYSE:MPLX), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 57% are positive. Evercore ISI upgraded shares of Mplx Lp from a "hold" rating to a "buy" rating and upped their target price for the company from $27.00 to $39.00 in a research report on Thursday, December 8th. On Wednesday, April 11 Mizuho maintained the shares of MPLX in report with "Buy" rating. The rating was maintained by Deutsche Bank with "Buy" on Tuesday, March 15. As per Friday, February 2, the company rating was maintained by RBC Capital Markets. The stock of MPLX LP (NYSE:MPLX) has "Outperform" rating given on Friday, April 29 by Credit Suisse. Barclays Capital maintained it with "Overweight" rating and $55 target in Monday, November 2 report. On Tuesday, January 16 the rating was maintained by RBC Capital Markets with "Buy". On Wednesday, April 11 the rating was maintained by Mizuho with "Buy". The firm has "Buy" rating given on Tuesday, August 22 by RBC Capital Markets. Pnc Grp holds 0.01% or 256,901 shs in its capital. (NYSE:AAN) has "Hold" rating given on Tuesday, December 13 by Loop Capital. 121 funds opened positions while 441 raised stakes. Share performance for the month is now at -6.60%. 20,227 were accumulated by Mariner Inv Gru Ltd Liability Co. Copper Rock Cap Prtn Ltd Com has invested 0.55% in SunTrust Banks, Inc.

Investors sentiment increased to 1.32 in 2017 Q4. Creative Planning stated it has 28,888 shs. The company had a trading volume of 1,003,721 shares. Guardian Capital Ltd Partnership stated it has 0.01% of its portfolio in MPLX LP (NYSE:MPLX). Its up 0.15, from 1.17 in 2017Q3. The Massachusetts-based Portolan Mgmt Lc has invested 1.27% in Aaron's, Inc. Bb&T Ltd Liability Co reported 0.01% stake. D E Shaw & Incorporated stated it has 0% in Antero Resources Corporation (NYSE:AR). Homrich Berg has 0.02% invested in SunTrust Banks, Inc. Fifth Third Bancshares holds 9,458 shares. (NYSE:AAN). Connor Clark And Lunn Investment Mgmt Ltd holds 0.01% or 42,350 shares.

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