Mplx Lp (NYSE:MPLX) is Samson Capital Management LLC’s 4th Largest Position
Samson Capital Management LLC cut its holdings in Mplx Lp (NYSE:MPLX) by 10.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 230,588 shares of the pipeline company’s stock after selling 26,246 shares during the quarter. Mplx comprises 14.0% of Samson Capital Management LLC’s holdings, making the stock its 4th largest position. Samson Capital Management LLC’s holdings in Mplx were worth $7,423,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in MPLX. Berman Capital Advisors LLC raised its stake in Mplx by 146.2% in the second quarter. Berman Capital Advisors LLC now owns 975 shares of the pipeline company’s stock valued at $30,000 after buying an additional 579 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in Mplx in the second quarter valued at about $31,000. Sonora Investment Management LLC purchased a new stake in Mplx in the second quarter valued at about $32,000. Lindbrook Capital LLC raised its stake in Mplx by 90.3% in the second quarter. Lindbrook Capital LLC now owns 1,275 shares of the pipeline company’s stock valued at $41,000 after buying an additional 605 shares during the last quarter. Finally, Legacy Advisors LLC raised its stake in Mplx by 75.5% in the second quarter. Legacy Advisors LLC now owns 2,325 shares of the pipeline company’s stock valued at $75,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 23.25% of the company’s stock.
A number of equities research analysts have commented on MPLX shares. Raymond James decreased their price target on Mplx from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets started coverage on Mplx in a research note on Monday, June 10th. They issued a “market perform” rating and a $35.00 price objective for the company. Barclays restated an “overweight” rating and issued a $33.00 price objective on shares of Mplx in a research note on Monday, August 19th. ValuEngine cut Mplx from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $35.00 price objective on shares of Mplx in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $36.50.
Shares of NYSE:MPLX traded up $0.16 during trading on Monday, hitting $29.19. The stock had a trading volume of 295,455 shares, compared to its average volume of 1,948,060. Mplx Lp has a 12-month low of $25.85 and a 12-month high of $36.53. The stock has a market capitalization of $31.12 billion, a price-to-earnings ratio of 12.74 and a beta of 1.11. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 2.07. The stock has a 50-day simple moving average of $28.15 and a two-hundred day simple moving average of $31.20.
Mplx (NYSE:MPLX) last announced its quarterly earnings data on Thursday, August 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.05). The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Mplx had a return on equity of 27.94% and a net margin of 28.78%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, sell-side analysts forecast that Mplx Lp will post 2.52 earnings per share for the current year.
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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