Castleton Investment Management LLC Purchases New Holdings in Mplx Lp (MPLX)

Castleton Investment Management LLC purchased a new position in shares of Mplx Lp (NYSE:MPLX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,000 shares of the pipeline company’s stock, valued at approximately $700,000.

A number of other institutional investors also recently made changes to their positions in MPLX. State of New Jersey Common Pension Fund D grew its holdings in Mplx by 5.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 296,500 shares of the pipeline company’s stock worth $9,903,000 after buying an additional 15,000 shares in the last quarter. Beach Investment Management LLC. bought a new position in Mplx in the 2nd quarter valued at $1,061,000. Joel Isaacson & Co. LLC bought a new position in Mplx in the 2nd quarter valued at $334,000. Boston Partners grew its stake in Mplx by 11.2% in the 2nd quarter. Boston Partners now owns 567,359 shares of the pipeline company’s stock valued at $18,950,000 after purchasing an additional 57,024 shares during the period. Finally, TradeLink Capital LLC bought a new position in Mplx in the 2nd quarter valued at $671,000. Institutional investors and hedge funds own 64.29% of the company’s stock.

In related news, VP Gregory Scott Floerke sold 2,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $36.00, for a total transaction of $72,000.00. Following the sale, the vice president now owns 79,598 shares of the company’s stock, valued at approximately $2,865,528. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 8,000 shares of company stock worth $284,760 in the last three months.

MPLX has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $46.00 price objective on shares of Mplx in a research note on Wednesday, November 15th. Scotiabank restated a “buy” rating and issued a $44.00 price objective on shares of Mplx in a research note on Wednesday, October 4th. Zacks Investment Research downgraded Mplx from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. UBS Group upped their price objective on Mplx from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Guggenheim downgraded Mplx from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Mplx currently has a consensus rating of “Buy” and a consensus price target of $41.55.

Mplx Lp (NYSE:MPLX) traded down $0.13 during mid-day trading on Friday, hitting $35.47. The stock had a trading volume of 1,226,041 shares, compared to its average volume of 1,840,000. The company has a market cap of $14,730.00, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 4.69 and a beta of 1.37. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.54 and a quick ratio of 0.48. Mplx Lp has a 12 month low of $30.88 and a 12 month high of $39.43.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Thursday, October 26th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $980.00 million for the quarter, compared to analysts’ expectations of $965.07 million. Mplx had a return on equity of 5.87% and a net margin of 16.79%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. analysts predict that Mplx Lp will post 1.08 EPS for the current fiscal year.

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Mplx Profile

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.

Institutional Ownership by Quarter for Mplx (NYSE:MPLX)

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