MPLX LP (MPLX) : Mariner Wealth Advisors reduced its stake in MPLX LP by 0.03% during the most recent quarter end. The investment management company now holds a total of 486,784 shares of MPLX LP which is valued at $15,966,515 after selling 145 shares in MPLX LP , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.MPLX LP makes up approximately 0.83% of Mariner Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Rr Advisors boosted its stake in MPLX in the latest quarter, The investment management firm added 229,000 additional shares and now holds a total of 1,595,000 shares of MPLX LP which is valued at $52,316,000. MPLX LP makes up approx 7.74% of Rr Advisors’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in MPLX in the latest quarter, The investment management firm added 2,645 additional shares and now holds a total of 3,017,937 shares of MPLX LP which is valued at $98,988,334. MPLX LP makes up approx 1.87% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Bb&t Securities boosted its stake in MPLX in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 10,887 shares of MPLX LP which is valued at $355,461. MPLX LP makes up approx 0.01% of Bb&t Securities’s portfolio. Moisand Fitzgerald Tamayo sold out all of its stake in MPLX during the most recent quarter. The investment firm sold 163 shares of MPLX which is valued $5,379.
MPLX LP opened for trading at $33.38 and hit $33.93 on the upside on Monday, eventually ending the session at $33.55, with a gain of 0.24% or 0.08 points. The heightened volatility saw the trading volume jump to 3,97,708 shares. Company has a market cap of $11,394 M.
On the company’s financial health, MPLX LP reported $-0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.18. The company had revenue of $564.00 million for the quarter, compared to analysts expectations of $604.36 million. The company’s revenue was up 161.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on MPLX LP. Jefferies Initiated MPLX LP on Aug 23, 2016 to “Hold”, Price Target of the shares are set at $35.Barclays Resumed MPLX LP on Jul 19, 2016 to “Overweight”, Price Target of the shares are set at $42.
MPLX LP is a fee-based master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own operate develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil refined products and other hydrocarbon-based products. The Companys assets include interest in a network of common carrier crude oil and product pipeline systems and storage assets in the Midwest and Gulf Coast regions of the United States. It has interest in a butane cavern in Neal West Virginia with one million barrels of natural gas liquids storage capacity. It charges tariff for transporting crude oil refined products and other hydrocarbon-based products through its pipelines and at its barge dock and fees for storing crude oil and products at its storage facilities. It also operates additional crude oil and product pipelines owned by MPC and third parties for which the Company is paid operating fees. It also has interest in Pipe Line Holdings.