Quantum Financial Planning Services Inc. Takes Position in Mplx Lp $MPLX

Key Points

• Quantum Financial Planning Services Inc. acquired 8,000 shares of Mplx Lp valued at approximately $412,000, making it the firm's 23rd largest holding.
• Mplx reported earnings of $1.03 per share for the last quarter, which was below analysts' expectations of $1.08, and its revenue was also down from the previous year.
• Recent analyst ratings show mixed sentiments, with Morgan Stanley raising its price target to $60.00 while Wall Street Zen downgraded Mplx from a "buy" to a "hold" rating.

Quantum Financial Planning Services Inc. purchased a new stake in Mplx Lp (NYSE:MPLX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,000 shares of the pipeline company's stock, valued at approximately $412,000. Mplx comprises approximately 0.2% of Quantum Financial Planning Services Inc.'s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of MPLX. Blue Trust Inc. grew its position in Mplx by 509.0% during the 2nd quarter. Blue Trust Inc. now owns 609 shares of the pipeline company's stock worth $31,000 after acquiring an additional 509 shares during the last quarter. Rossby Financial LCC bought a new stake in Mplx during the 1st quarter worth $33,000. JFS Wealth Advisors LLC bought a new stake in Mplx during the 1st quarter worth $37,000. Trust Co. of Toledo NA OH bought a new stake in Mplx during the 2nd quarter worth $39,000. Finally, Wealth Preservation Advisors LLC bought a new stake in Mplx during the 1st quarter worth $44,000. Institutional investors own 24.25% of the company's stock.

Mplx Trading Down 0.9%

NYSE MPLX opened at $47.87 on Friday. The business's 50-day moving average price is $50.33 and its two-hundred day moving average price is $50.69. Mplx Lp has a 12 month low of $43.54 and a 12 month high of $54.87. The firm has a market capitalization of $48.78 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.30 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.13 billion. Mplx had a net margin of 35.44% and a return on equity of 30.95%. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share. On average, analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MPLX shares. Morgan Stanley boosted their price objective on Mplx from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 26th. Wall Street Zen lowered Mplx from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays boosted their price objective on Mplx from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Stifel Nicolaus upped their price target on Mplx from $57.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Finally, Weiss Ratings lowered Mplx from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Mplx presently has an average rating of "Moderate Buy" and a consensus price target of $55.89.

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.

Want to see what other hedge funds are holding MPLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mplx Lp (NYSE:MPLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.