Paragon Capital Management LLC bought a new stake in Mplx Lp (NYSE:MPLX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,316 shares of the pipeline company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MPLX. Tortoise Capital Advisors L.L.C. boosted its stake in Mplx by 4.7% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 28,187,706 shares of the pipeline company’s stock valued at $977,550,000 after acquiring an additional 1,269,600 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Mplx by 7.6% in the third quarter. Bank of New York Mellon Corp now owns 62,537 shares of the pipeline company’s stock worth $2,169,000 after buying an additional 4,401 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Mplx by 15.0% in the third quarter. BlackRock Inc. now owns 2,262,780 shares of the pipeline company’s stock worth $78,473,000 after buying an additional 294,551 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Mplx by 229.3% in the third quarter. Jane Street Group LLC now owns 40,832 shares of the pipeline company’s stock worth $1,416,000 after buying an additional 28,432 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Mplx by 10.0% in the third quarter. Advisors Asset Management Inc. now owns 76,125 shares of the pipeline company’s stock worth $2,640,000 after buying an additional 6,923 shares during the last quarter. Institutional investors own 31.08% of the company’s stock.

NYSE:MPLX traded down $0.15 on Monday, hitting $32.60. The stock had a trading volume of 1,429,087 shares, compared to its average volume of 1,660,218. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.76 and a quick ratio of 0.69. The firm has a market capitalization of $25.91 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.17 and a beta of 1.30. Mplx Lp has a 1-year low of $28.32 and a 1-year high of $39.01.

Mplx (NYSE:MPLX) last posted its earnings results on Thursday, February 7th. The pipeline company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.16). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Mplx had a net margin of 28.30% and a return on equity of 26.21%. The business’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities analysts anticipate that Mplx Lp will post 2.51 earnings per share for the current fiscal year.

MPLX has been the subject of a number of research analyst reports. Credit Suisse Group decreased their price target on shares of Mplx from $44.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, March 12th. Barclays restated a “buy” rating and set a $38.00 price target on shares of Mplx in a research report on Wednesday, March 13th. Zacks Investment Research upgraded shares of Mplx from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, December 25th. Evercore ISI initiated coverage on shares of Mplx in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Finally, ValuEngine upgraded shares of Mplx from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $39.70.

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About Mplx

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products.

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Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

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