Catawba Capital Management Va buys $691,363 stake in MPLX LP (MPLX)

MPLX LP (MPLX) : Catawba Capital Management Va scooped up 16,000 additional shares in MPLX LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 21,955 shares of MPLX LP which is valued at $691,363.MPLX LP makes up approximately 0.17% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in MPLX in the latest quarter, The investment management firm added 2,254 additional shares and now holds a total of 5,536 shares of MPLX LP which is valued at $174,329. MPLX LP makes up approx 0.03% of Advisory Services Network’s portfolio. Bnp Paribas Arbitrage Sa sold out all of its stake in MPLX during the most recent quarter. The investment firm sold 389,304 shares of MPLX which is valued $12,558,947.

MPLX LP closed down -0.15 points or -0.47% at $31.49 with 17,29,381 shares getting traded on Friday. Post opening the session at $31.8, the shares hit an intraday low of $31.37 and an intraday high of $31.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Mizuho Initiated MPLX LP on Sep 30, 2016 to “Neutral”, Price Target of the shares are set at $35.FBR Capital Initiated MPLX LP on Sep 9, 2016 to “Mkt Perform”, Price Target of the shares are set at $35.Jefferies Initiated MPLX LP on Aug 23, 2016 to “Hold”, Price Target of the shares are set at $35.

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 Company’s 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.

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