Mutual of America Capital Management LLC Decreases Holdings in Mplx Lp $MPLX

Mutual of America Capital Management LLC trimmed its stake in shares of Mplx Lp (NYSE:MPLX) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,415 shares of the pipeline company’s stock after selling 3,090 shares during the period. Mutual of America Capital Management LLC’s holdings in Mplx were worth $2,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MPLX. Private Wealth Asset Management LLC purchased a new position in Mplx during the second quarter valued at $26,000. EQ Wealth Advisors LLC purchased a new position in Mplx during the second quarter valued at $31,000. Blue Trust Inc. lifted its holdings in Mplx by 509.0% during the second quarter. Blue Trust Inc. now owns 609 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 509 shares in the last quarter. Rossby Financial LCC purchased a new position in Mplx during the first quarter valued at $33,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Mplx during the second quarter valued at $39,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Price Performance

Shares of MPLX stock opened at $50.49 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.97. The firm’s 50-day moving average is $50.11 and its two-hundred day moving average is $50.56. Mplx Lp has a 12 month low of $43.54 and a 12 month high of $54.87. The company has a market capitalization of $51.45 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.05). Mplx had a return on equity of 30.95% and a net margin of 35.44%.The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $1.15 earnings per share. Mplx’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts predict that Mplx Lp will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MPLX shares. Stifel Nicolaus raised their price target on shares of Mplx from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Zacks Research downgraded shares of Mplx from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Mplx from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of Mplx from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Barclays raised their price target on shares of Mplx from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $57.50.

Mplx Company 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.