Salient Capital Advisors LLC Holding in Mplx LP (MPLX) Lifted by $4.97 Million as Market Valuation Declined

March 19, 2018 - By Clifton Ray

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.22, from 1.26 in 2017Q2. It dived, as 26 investors sold MPLX shares while 79 reduced holdings. 15 funds opened positions while 94 raised stakes. 258.81 million shares or 4.21% more from 248.36 million shares in 2017Q2 were reported. Fayez Sarofim Communication stated it has 0% of its portfolio in MPLX LP (NYSE:MPLX). Highstreet Asset Mngmt reported 217 shares or 0% of all its holdings. Homrich & Berg has invested 0.03% in MPLX LP (NYSE:MPLX). Wexford Capital LP holds 0.32% or 107,127 shares. Fin holds 0.02% in MPLX LP (NYSE:MPLX) or 1,090 shares. Boston Prtn owns 0% invested in MPLX LP (NYSE:MPLX) for 114,109 shares. The Vermont-based Company Of Vermont has invested 0% in MPLX LP (NYSE:MPLX). Diversified Tru has 0.18% invested in MPLX LP (NYSE:MPLX) for 68,433 shares. Janney Montgomery Scott Ltd Llc reported 54,093 shares. Susquehanna Ltd Liability Partnership holds 0% of its portfolio in MPLX LP (NYSE:MPLX) for 301,840 shares. Cibc Asset Mngmt holds 0% or 12,280 shares in its portfolio. Whittier Trust reported 0% stake. Private Capital accumulated 146,178 shares or 1.75% of the stock. Schafer Cullen Cap Management Inc, New York-based fund reported 6,174 shares. Harvest Fund Advsr Ltd Liability invested 6.16% of its portfolio in MPLX LP (NYSE:MPLX).

Since December 11, 2017, it had 0 insider buys, and 1 insider sale for $74,000 activity.

Salient Capital Advisors Llc increased its stake in Mplx Lp (MPLX) by 3.12% based on its latest 2017Q3 regulatory filing with the SEC. Salient Capital Advisors Llc bought 141,927 shares as the company’s stock declined 7.56% while stock markets rallied. The institutional investor held 4.69M shares of the natural gas distribution company at the end of 2017Q3, valued at $164.29 million, up from 4.55M at the end of the previous reported quarter. Salient Capital Advisors Llc who had been investing in Mplx Lp for a number of months, seems to be bullish on the $26.94B market cap company. The stock decreased 2.48% or $0.85 during the last trading session, reaching $33.49. About 1.38 million shares traded. MPLX LP (NYSE:MPLX) has risen 11.48% since March 19, 2017 and is uptrending. It has underperformed by 5.22% the S&P500.

Salient Capital Advisors Llc, which manages about $5.02 billion and $4.53B US Long portfolio, decreased its stake in Nustar Energy Lp (NYSE:NS) by 120,499 shares to 58,929 shares, valued at $2.39M in 2017Q3, according to the filing. It also reduced its holding in Plains All Amern Pipeline L (NYSE:PAA) by 926,124 shares in the quarter, leaving it with 3.04M shares, and cut its stake in Plains Gp Hldgs L P.

MPLX LP (NYSE:MPLX) Ratings Coverage

Among 20 analysts covering MPLX LP (NYSE:MPLX), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. MPLX LP had 59 analyst reports since October 20, 2015 according to SRatingsIntel. The company was maintained on Friday, December 1 by Raymond James. Evercore upgraded the shares of MPLX in report on Wednesday, November 11 to “Buy” rating. The rating was maintained by Ladenburg Thalmann on Tuesday, May 3 with “Buy”. Mitsubishi UFJ upgraded the stock to “Overweight” rating in Wednesday, March 1 report. The firm has “Buy” rating given on Monday, October 16 by Jefferies. The stock has “Buy” rating by Citigroup on Friday, February 2. The stock of MPLX LP (NYSE:MPLX) earned “Sector Outperform” rating by Howard Weil on Thursday, February 4. The firm has “Buy” rating given on Thursday, February 1 by Stifel Nicolaus. The company was initiated on Friday, February 19 by Goldman Sachs. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, July 6 report.

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