Delta Investment Management LLC Buys 4,478 Shares of Mplx Lp $MPLX

Delta Investment Management LLC grew its stake in Mplx Lp (NYSE:MPLX) by 22.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,765 shares of the pipeline company’s stock after acquiring an additional 4,478 shares during the period. Delta Investment Management LLC’s holdings in Mplx were worth $1,276,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Private Wealth Asset Management LLC bought a new position in Mplx in the 2nd quarter worth about $26,000. EQ Wealth Advisors LLC bought a new position in Mplx in the 2nd quarter worth about $31,000. Blue Trust Inc. grew its stake in Mplx by 509.0% in 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 in the last quarter. Rossby Financial LCC bought a new position in Mplx in the 1st quarter worth about $33,000. Finally, Trust Co. of Toledo NA OH bought a new position in Mplx in the 2nd quarter worth about $39,000. 24.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MPLX shares. Morgan Stanley increased their price objective on shares of Mplx from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Mplx in a research note on Saturday. Wells Fargo & Company dropped their price objective on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 23rd. Zacks Research downgraded shares of Mplx from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Finally, Barclays increased their price objective on shares of Mplx from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

Mplx Price Performance

Shares of MPLX opened at $50.49 on Monday. The company has a market cap of $51.45 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68. Mplx Lp has a twelve month low of $43.54 and a twelve month high of $54.87. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 1.40. The company has a 50 day moving average of $50.11 and a two-hundred day moving average of $50.61.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, August 5th. The pipeline company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.05). The firm 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%. Mplx’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.15 earnings per share. As a group, analysts predict that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

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.