GSA Capital Partners LLP Has $783,000 Holdings in Mplx Lp (MPLX)
GSA Capital Partners LLP lowered its stake in Mplx Lp (NYSE:MPLX) by 20.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,437 shares of the pipeline company’s stock after selling 5,885 shares during the period. GSA Capital Partners LLP’s holdings in Mplx Lp were worth $783,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of Mplx Lp by 130.8% during the first quarter. Bank of America Corp DE now owns 6,196,080 shares of the pipeline company’s stock worth $223,555,000 after purchasing an additional 3,511,264 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Mplx Lp by 36.3% during the second quarter. Bank of Montreal Can now owns 6,234,136 shares of the pipeline company’s stock worth $208,220,000 after acquiring an additional 1,661,578 shares during the period. Alps Advisors Inc. raised its holdings in shares of Mplx Lp by 5.3% during the second quarter. Alps Advisors Inc. now owns 20,056,272 shares of the pipeline company’s stock worth $669,879,000 after acquiring an additional 1,015,105 shares during the period. American International Group Inc. acquired a new stake in shares of Mplx Lp during the first quarter worth $567,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Mplx Lp by 9.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,812,175 shares of the pipeline company’s stock worth $127,327,000 after acquiring an additional 327,092 shares during the period. 63.16% of the stock is owned by institutional investors and hedge funds.
Mplx Lp (NYSE:MPLX) traded down 0.78% on Friday, hitting $34.46. 1,406,784 shares of the stock traded hands. The stock has a 50 day moving average of $34.65 and a 200 day moving average of $34.65. The firm has a market capitalization of $13.39 billion, a PE ratio of 41.17 and a beta of 1.36. Mplx Lp has a 52 week low of $30.31 and a 52 week high of $39.43.
Mplx Lp (NYSE:MPLX) last posted its earnings results on Thursday, July 27th. The pipeline company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $916.00 million during the quarter, compared to the consensus estimate of $884.70 million. Mplx Lp had a return on equity of 6.13% and a net margin of 19.07%. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) EPS. Equities research analysts anticipate that Mplx Lp will post $0.98 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Mplx Lp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Scotiabank set a $44.00 price objective on shares of Mplx Lp and gave the stock a “buy” rating in a report on Saturday, July 22nd. Guggenheim started coverage on shares of Mplx Lp in a research note on Thursday, July 20th. They issued a “buy” rating and a $40.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $42.00 price target (down from $43.00) on shares of Mplx Lp in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Mplx Lp in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Mplx Lp currently has a consensus rating of “Buy” and a consensus price target of $42.25.
In related news, VP C Corwin Bromley sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $34.50, for a total value of $86,250.00. Following the completion of the sale, the vice president now directly owns 123,705 shares in the company, valued at $4,267,822.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 8,000 shares of company stock valued at $276,910.
About Mplx Lp
MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire 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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