Waddell & Reed Financial Inc. decreased its holdings in Mplx Lp (NYSE:MPLX) by 1.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 371,670 shares of the pipeline company’s stock after selling 6,410 shares during the period. Waddell & Reed Financial Inc.’s holdings in Mplx were worth $12,689,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MPLX. US Bancorp DE increased its stake in shares of Mplx by 4.2% in the 2nd quarter. US Bancorp DE now owns 71,341 shares of the pipeline company’s stock worth $2,436,000 after acquiring an additional 2,865 shares in the last quarter. Raymond James & Associates increased its stake in shares of Mplx by 8.0% in the 2nd quarter. Raymond James & Associates now owns 509,135 shares of the pipeline company’s stock worth $17,382,000 after acquiring an additional 37,740 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Mplx in the 2nd quarter worth about $194,035,000. C.V. Starr & Co. Inc. Trust bought a new position in shares of Mplx in the 2nd quarter worth about $6,698,000. Finally, Chickasaw Capital Management LLC increased its stake in shares of Mplx by 16.0% in the 2nd quarter. Chickasaw Capital Management LLC now owns 3,278,167 shares of the pipeline company’s stock worth $111,917,000 after acquiring an additional 451,602 shares in the last quarter. 31.21% of the stock is owned by institutional investors.

Shares of MPLX traded up $0.34 on Friday, reaching $35.08. The company’s stock had a trading volume of 1,896,434 shares, compared to its average volume of 1,670,194. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 1.71. The company has a market cap of $27.54 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.50 and a beta of 1.39. Mplx Lp has a 12-month low of $31.60 and a 12-month high of $39.38.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Thursday, July 26th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Mplx had a return on equity of 14.43% and a net margin of 24.22%. The business’s quarterly revenue was up 72.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. As a group, analysts predict that Mplx Lp will post 2.31 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Goldman Sachs Group restated a “neutral” rating on shares of Mplx in a research note on Tuesday. Zacks Investment Research lowered shares of Mplx from a “hold” rating to a “strong sell” rating in a research note on Thursday. ValuEngine lowered shares of Mplx from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Jefferies Financial Group upgraded shares of Mplx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Finally, Credit Suisse Group assumed coverage on shares of Mplx in a research note on Thursday. They set an “outperform” rating and a $45.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Mplx has an average rating of “Hold” and a consensus price target of $40.69.

About Mplx

MPLX LP is a fee-based, growth-oriented limited partnership company. It is engaged in the 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.

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Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

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