MPLX LP (NYSE:MPLX) Institutional Investors Quarterly Sentiment

June 14, 2018 - By Vivian Currie

Sentiment for MPLX LP (NYSE:MPLX)

MPLX LP (NYSE:MPLX) institutional sentiment increased to 1.34 in Q1 2018. Its up 0.52, from 0.82 in 2017Q4. The ratio is better, as 117 hedge funds increased and started new equity positions, while 87 reduced and sold their holdings in MPLX LP. The hedge funds in our partner’s database now hold: 241.70 million shares, down from 250.53 million shares in 2017Q4. Also, the number of hedge funds holding MPLX LP in their top 10 equity positions was flat from 17 to 17 for the same number . Sold All: 18 Reduced: 69 Increased: 93 New Position: 24.

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. The company has market cap of $28.15 billion. It operates through Logistics and Storage; and Gathering and Processing divisions. It has a 21.96 P/E ratio. The firm engages in gathering, processing, and transportation of natural gas; the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering, transportation, and storage of crude oil and refined petroleum products.

The stock decreased 1.47% or $0.53 during the last trading session, reaching $35.45. About 858,830 shares traded. MPLX LP (NYSE:MPLX) has risen 2.16% since June 14, 2017 and is uptrending. It has underperformed by 10.41% the S&P500.

Analysts await MPLX LP (NYSE:MPLX) to report earnings on July, 26. They expect $0.55 earnings per share, up 111.54 % or $0.29 from last year’s $0.26 per share. MPLX’s profit will be $436.68 million for 16.11 P/E if the $0.55 EPS becomes a reality. After $0.61 actual earnings per share reported by MPLX LP for the previous quarter, Wall Street now forecasts -9.84 % negative EPS growth.

Ngp Mr Management Llc holds 92.4% of its portfolio in MPLX LP for 715,163 shares. C V Starr & Co Inc owns 73,600 shares or 11.57% of their US portfolio. Moreover, Samson Capital Management Llc has 11.13% invested in the company for 272,473 shares. The Massachusetts-based Stockbridge Partners Llc has invested 8.27% in the stock. Tortoise Capital Advisors L.L.C., a Kansas-based fund reported 25.15 million shares.

MPLX LP (NYSE:MPLX) Ratings Coverage

Ratings analysis reveals 80% of MPLX LP’s analysts are positive. Out of 10 Wall Street analysts rating MPLX LP, 8 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $3600 while the high is $46.0. The stock’s average target of $40.78 is 15.04% above today’s ($35.45) share price. MPLX was included in 17 notes of analysts from December 18, 2017. The firm has “Buy” rating by Citigroup given on Tuesday, April 10. The firm has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Friday, March 23. The company was downgraded on Monday, December 18 by Guggenheim. The stock of MPLX LP (NYSE:MPLX) earned “Hold” rating by Jefferies on Monday, February 5. The rating was upgraded by Guggenheim to “Buy” on Monday, April 16. Barclays Capital downgraded the shares of MPLX in report on Wednesday, January 17 to “Equal-Weight” rating. The firm has “Equal-Weight” rating given on Tuesday, April 17 by Barclays Capital. On Friday, February 2 the stock rating was maintained by RBC Capital Markets with “Buy”. Mizuho maintained the stock with “Buy” rating in Friday, February 2 report.

Another recent and important MPLX LP (NYSE:MPLX) news was published by Fool.com which published an article titled: “This High-Yield Stock Looks Enticing Right Now” on June 06, 2018.

MPLX LP (NYSE:MPLX) Institutional Positions Chart

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