MPLX LP (NYSE:MPLX) Institutional Investors Sentiment Unchanged in Q3 2017

January 23, 2018 - By Louis Casey

 MPLX LP (NYSE:MPLX) Institutional Investors Sentiment Unchanged in  Q3 2017

Sentiment for MPLX LP (NYSE:MPLX)

MPLX LP (NYSE:MPLX) institutional sentiment decreased to 1.04 in Q3 2017. Its down -0.22, from 1.26 in 2017Q2. The ratio dived, as 109 hedge funds started new or increased positions, while 105 sold and decreased their positions in MPLX LP. The hedge funds in our partner’s database now hold: 258.81 million shares, up from 248.36 million shares in 2017Q2. Also, the number of hedge funds holding MPLX LP in their top 10 positions increased from 21 to 22 for an increase of 1. Sold All: 26 Reduced: 79 Increased: 94 New Position: 15.

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. The company has market cap of $16.23 billion. It operates through Logistics and Storage; and Gathering and Processing divisions. It has a 42.7 P/E ratio. The firm engages in 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.

The stock decreased 0.13% or $0.05 during the last trading session, reaching $39.07. About 258,630 shares traded. MPLX LP (NYSE:MPLX) has risen 11.48% since January 23, 2017 and is uptrending. It has underperformed by 5.22% the S&P500.

Analysts await MPLX LP (NYSE:MPLX) to report earnings on February, 7. They expect $0.33 EPS, up 94.12 % or $0.16 from last year’s $0.17 per share. MPLX’s profit will be $137.08 million for 29.60 P/E if the $0.33 EPS becomes a reality. After $0.29 actual EPS reported by MPLX LP for the previous quarter, Wall Street now forecasts 13.79 % EPS growth.

M&R Follow holds 100% of its portfolio in MPLX LP for 2.82 million shares. Ngp Mr Management Llc owns 3.05 million shares or 98.13% of their US portfolio. Moreover, C V Starr & Co Inc has 12% invested in the company for 73,600 shares. The Kansas-based Samson Capital Management Llc has invested 10.16% in the stock. Stockbridge Partners Llc, a Massachusetts-based fund reported 5.50 million shares.#img1#

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $247,258 activity.

MPLX LP (NYSE:MPLX) Ratings Coverage

Ratings analysis reveals 80% of MPLX LP’s analysts are positive. Out of 20 Wall Street analysts rating MPLX LP, 16 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $26 while the high is $55. The stock’s average target of $39.16 is 0.23% above today’s ($39.07) share price. MPLX was included in 54 notes of analysts from October 20, 2015. The firm earned “Buy” rating on Monday, August 14 by Jefferies. The rating was upgraded by Wells Fargo on Tuesday, January 10 to “Outperform”. Citigroup maintained the shares of MPLX in report on Tuesday, April 19 with “Buy” rating. The stock of MPLX LP (NYSE:MPLX) has “Buy” rating given on Wednesday, January 4 by Mizuho. As per Monday, October 16, the company rating was maintained by Jefferies. As per Wednesday, November 11, the company rating was upgraded by Evercore. Deutsche Bank maintained MPLX LP (NYSE:MPLX) rating on Tuesday, March 15. Deutsche Bank has “Buy” rating and $34 target. Mitsubishi UFJ upgraded the shares of MPLX in report on Wednesday, March 1 to “Overweight” rating. The firm earned “Buy” rating on Friday, February 19 by Goldman Sachs. As per Tuesday, July 19, the company rating was initiated by Barclays Capital.

Another recent and important MPLX LP (NYSE:MPLX) news was published by Streetinsider.com which published an article titled: “Barclays Downgrades MPLX LP (MPLX) to Equalweight” on January 17, 2018.

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