Chicago Partners Investment Group LLC Boosts Position in Mplx Lp $MPLX

Key Points

• Chicago Partners Investment Group LLC increased its stake in Mplx LP by 1.7% during the 2nd quarter, holding 479,620 shares worth approximately $24.4 million.
• Mplx LP reported $1.03 earnings per share, missing analyst expectations, along with a 1.6% decline in revenue year-over-year for the last quarter.
• The company's stock has a market cap of $49.94 billion and has been subject to various institutional rating changes, with an average rating of "Moderate Buy" from analysts.

Chicago Partners Investment Group LLC boosted its position in Mplx Lp (NYSE:MPLX - Free Report) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 479,620 shares of the pipeline company's stock after purchasing an additional 8,098 shares during the period. Mplx comprises 0.7% of Chicago Partners Investment Group LLC's portfolio, making the stock its 27th biggest holding. Chicago Partners Investment Group LLC's holdings in Mplx were worth $24,427,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Burford Brothers Inc. purchased a new stake in shares of Mplx during the 2nd quarter valued at about $609,000. TrueMark Investments LLC grew its position in Mplx by 8.8% during the second quarter. TrueMark Investments LLC now owns 150,684 shares of the pipeline company's stock valued at $7,762,000 after buying an additional 12,233 shares during the period. Arista Wealth Management LLC purchased a new stake in Mplx during the second quarter valued at approximately $376,000. Stratos Wealth Partners LTD. increased its holdings in Mplx by 1.1% during the second quarter. Stratos Wealth Partners LTD. now owns 38,411 shares of the pipeline company's stock valued at $1,979,000 after buying an additional 428 shares during the last quarter. Finally, Private Trust Co. NA raised its position in Mplx by 64.2% in the second quarter. Private Trust Co. NA now owns 2,000 shares of the pipeline company's stock worth $103,000 after acquiring an additional 782 shares during the period. 24.25% of the stock is currently owned by institutional investors.

Mplx Trading Up 1.0%

Mplx stock opened at $49.01 on Friday. Mplx Lp has a 1 year low of $43.54 and a 1 year high of $54.87. The firm's 50 day moving average price is $50.08 and its 200-day moving average price is $50.52. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.97. The stock has a market cap of $49.94 billion, a P/E ratio of 11.64, a PEG ratio of 1.33 and a beta of 0.68.

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

Analyst Ratings Changes

MPLX has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Mplx from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays upped their price target on Mplx from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Wells Fargo & Company reduced their target price on shares of Mplx from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Tuesday, September 23rd. Stifel Nicolaus increased their price objective on shares of Mplx from $57.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Mplx has an average rating of "Moderate Buy" and an average price target of $57.50.

Mplx 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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