Mplx Lp (MPLX) Stake Held by Terra Nova Asset Management LLC
Terra Nova Asset Management LLC maintained its position in shares of Mplx Lp (NYSE:MPLX) during the second quarter, Holdings Channel reports. The institutional investor owned 7,995 shares of the company’s stock at the end of the second quarter. Terra Nova Asset Management LLC’s holdings in Mplx Lp were worth $269,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC increased its stake in shares of Mplx Lp by 2.6% in the first quarter. MCF Advisors LLC now owns 3,582 shares of the company’s stock valued at $106,000 after buying an additional 90 shares during the last quarter. Monetary Management Group Inc. increased its stake in shares of Mplx Lp by 7.0% in the first quarter. Monetary Management Group Inc. now owns 4,000 shares of the company’s stock valued at $119,000 after buying an additional 262 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Mplx Lp during the second quarter valued at $173,000. Catawba Capital Management VA acquired a new stake in shares of Mplx Lp during the second quarter valued at $200,000. Finally, Trellus Management Company LLC acquired a new stake in shares of Mplx Lp during the second quarter valued at $202,000.
Mplx Lp (NYSE:MPLX) traded up 2.67% during mid-day trading on Wednesday, reaching $32.70. 670,152 shares of the company traded hands. The stock’s market capitalization is $10.98 billion. The firm’s 50-day moving average is $32.99 and its 200 day moving average is $31.69. Mplx Lp has a 52-week low of $16.34 and a 52-week high of $45.63.
Mplx Lp (NYSE:MPLX) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.39. The business had revenue of $564 million for the quarter, compared to analysts’ expectations of $657.88 million. Mplx Lp’s revenue for the quarter was up 161.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. On average, equities research analysts expect that Mplx Lp will post $0.21 earnings per share for the current year.
Several research analysts have commented on MPLX shares. Zacks Investment Research upgraded shares of Mplx Lp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, July 27th. Barclays PLC started coverage on shares of Mplx Lp in a report on Tuesday, July 19th. They set an “overweight” rating and a $42.00 price target for the company. Mitsubishi UFJ Financial Group started coverage on shares of Mplx Lp in a report on Friday, May 27th. They set a “neutral” rating and a $38.00 price target for the company. FBR & Co started coverage on shares of Mplx Lp in a report on Friday, September 9th. They set a “market perform” rating and a $35.00 price target for the company. Finally, Jefferies Group started coverage on shares of Mplx Lp in a report on Tuesday, August 23rd. They set a “hold” rating and a $35.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.18.
In other Mplx Lp news, CAO Paula L. Rosson sold 12,267 shares of Mplx Lp stock in a transaction on Friday, July 1st. The shares were sold at an average price of $33.38, for a total value of $409,472.46. Following the completion of the transaction, the chief accounting officer now owns 40,364 shares of the company’s stock, valued at $1,347,350.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Mplx Lp Company Profile
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products.
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