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 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.
COPYRIGHT VIOLATION WARNING: “Castleton Investment Management LLC Purchases New Holdings in Mplx Lp (MPLX)” was reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://weekherald.com/2017/12/30/castleton-investment-management-llc-buys-shares-of-20000-mplx-lp-mplx.html.
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.
Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.