Mainstay Capital Management LLC ADV Invests $286,000 in Mplx Lp $MPLX

Mainstay Capital Management LLC ADV bought a new position in Mplx Lp (NYSE:MPLX) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 5,548 shares of the pipeline company’s stock, valued at approximately $286,000.

Other institutional investors have also recently made changes to their positions in the company. Rossby Financial LCC bought a new position in Mplx during the first quarter valued at about $33,000. JFS Wealth Advisors LLC bought a new position in Mplx during the first quarter valued at about $37,000. Wealth Preservation Advisors LLC bought a new position in Mplx during the first quarter valued at about $44,000. MorganRosel Wealth Management LLC bought a new position in Mplx during the first quarter valued at about $48,000. Finally, PSI Advisors LLC grew its position in Mplx by 32.5% during the first quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company’s stock valued at $59,000 after buying an additional 270 shares during the period. Institutional investors own 24.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday. Morgan Stanley increased their price target on shares of Mplx from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 26th. Barclays increased their price target on shares of Mplx from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Stifel Nicolaus increased their price target on shares of Mplx from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday, September 23rd. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Mplx currently has an average rating of “Moderate Buy” and a consensus price target of $55.89.

Mplx Price Performance

Shares of NYSE:MPLX opened at $48.26 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $49.18 billion, a PE ratio of 11.46, a P/E/G ratio of 1.32 and a beta of 0.68. Mplx Lp has a twelve month low of $43.54 and a twelve month high of $54.87. The company has a 50-day moving average price of $50.41 and a two-hundred day moving average price of $50.75.

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 analysts’ consensus estimates of $1.08 by ($0.05). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.13 billion. Mplx had a return on equity of 30.95% and a net margin of 35.44%.Mplx’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 EPS. 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.