Mplx Lp $MPLX Shares Purchased by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Mplx Lp (NYSE:MPLX) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 217,639 shares of the pipeline company’s stock after acquiring an additional 600 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Mplx were worth $11,211,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Private Wealth Asset Management LLC acquired a new stake in Mplx during the second quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in shares of Mplx by 509.0% in the 2nd quarter. Blue Trust Inc. now owns 609 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 509 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Mplx in the 1st quarter valued at $33,000. JFS Wealth Advisors LLC acquired a new position in shares of Mplx in the 1st quarter valued at $37,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Mplx in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Ratings Changes

MPLX has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Mplx from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of Mplx from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Wall Street Zen lowered shares of Mplx from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company decreased their price target on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday, September 23rd. Finally, Morgan Stanley lifted their price target on shares of Mplx from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, August 26th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mplx currently has an average rating of “Moderate Buy” and a consensus target price of $55.89.

Mplx Stock Performance

Shares of MPLX stock opened at $49.04 on Wednesday. The company’s fifty day simple moving average is $50.21 and its 200-day simple moving average is $50.62. Mplx Lp has a 52 week low of $43.54 and a 52 week high of $54.87. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40. The company has a market cap of $49.97 billion, a PE ratio of 11.65, a P/E/G ratio of 1.32 and a beta of 0.68.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.05). Mplx had a net margin of 35.44% and a return on equity of 30.95%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the business posted $1.15 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Mplx Lp will post 4.41 EPS for the current 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.