Arista Wealth Management LLC Purchases Shares of 7,306 Mplx Lp $MPLX

Key Points

• Arista Wealth Management LLC acquired a new stake in MPLX LP, purchasing 7,306 shares valued at approximately $376,000 during the second quarter.
• Several hedge funds have recently adjusted their positions in MPLX, with notable increases in holdings from Wealth Enhancement Advisory Services LLC and Janney Montgomery Scott LLC.
• MPLX's shares were downgraded from a "buy" to a "hold" rating by Wall Street Zen, while the consensus rating remains at "Moderate Buy" with an average target price of $57.50.

Arista Wealth Management LLC purchased a new stake in Mplx Lp (NYSE:MPLX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,306 shares of the pipeline company's stock, valued at approximately $376,000.

A number of other hedge funds have also recently bought and sold shares of MPLX. Wealth Enhancement Advisory Services LLC boosted its holdings in Mplx by 17.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 108,988 shares of the pipeline company's stock valued at $5,833,000 after purchasing an additional 15,807 shares during the period. Mission Wealth Management LP bought a new stake in Mplx in the 1st quarter valued at $214,000. Janney Montgomery Scott LLC boosted its holdings in Mplx by 8.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 56,264 shares of the pipeline company's stock valued at $3,011,000 after purchasing an additional 4,169 shares during the period. CWA Asset Management Group LLC boosted its holdings in Mplx by 1.6% in the 1st quarter. CWA Asset Management Group LLC now owns 21,458 shares of the pipeline company's stock valued at $1,148,000 after purchasing an additional 338 shares during the period. Finally, Silver Oak Securities Incorporated boosted its holdings in Mplx by 9.8% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,555 shares of the pipeline company's stock valued at $462,000 after purchasing an additional 764 shares during the period. 24.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MPLX has been the subject of a number of research reports. Wall Street Zen downgraded shares of Mplx from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley increased their price objective on shares of Mplx from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 26th. Weiss Ratings cut shares of Mplx from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Wednesday, October 8th. Barclays increased their price objective on shares of Mplx from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Zacks Research cut shares of Mplx from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Mplx has a consensus rating of "Moderate Buy" and an average price target of $57.50.

Mplx Trading Up 1.0%

Shares of MPLX stock opened at $49.01 on Friday. The stock has a market cap of $49.94 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.32 and a beta of 0.68. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.97 and a current ratio of 1.03. The firm has a fifty day moving average of $50.08 and a 200-day moving average of $50.55. Mplx Lp has a 52-week low of $43.54 and a 52-week high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The pipeline company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.05). The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.13 billion. Mplx had a return on equity of 30.95% and a net margin of 35.44%.The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 EPS. On average, equities research analysts forecast that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Company 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.

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