Published: Tue, April 17, 2018
Business | By Tara Barton

Mplx Lp (MPLX) Rating Grow to Overweight at Citigroup Inc

The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $937.04 million. (OTCMKTS:SYEV) has 0.00% since April 16, 2017 and is. It has underperformed by 17.84% the S&P500.

Northeast Financial Consultants Inc increased its stake in Mplx Lp (MPLX) by 25.26% based on its latest 2017Q4 regulatory filing with the SEC. Kempner Capital Management Inc sold 23,425 shares as the company's stock declined 0.78% with the market. The institutional investor held 43,870 shares of the aerospace company at the end of 2017Q4, valued at $5.60M, up from 41,420 at the end of the previous reported quarter. Forte Capital Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $886.58B market cap company. The stock increased 0.31% or $0.16 during the last trading session, reaching $52.08. 381.57 million shares or 1.65% more from 375.36 million shares in 2017Q3 were reported. 73% are bullish. 16 are the (NYSE:MPLX)'s analyst reports since October 17, 2017 according to StockzIntelligence Inc. Therefore 73% are positive. MPLX LP had 15 analyst reports since October 17, 2017 according to SRatingsIntel. The firm has "Neutral" rating given on Friday, September 30 by Mizuho. The rating was upgraded by Credit Suisse to "Outperform" on Friday, April 29. (NYSE:CCK) earned "Buy" rating by RBC Capital Markets on Monday, October 23. Finally, Guggenheim lowered Mplx from a buy rating to a neutral rating and set a $36.00 target price on the a research report on Monday, December 18th. The rating was upgraded by Wells Fargo on Tuesday, January 10 to "Outperform". The stock has "Buy" rating by Goldman Sachs on Friday, February 19. Raymond James upgraded the shares of MPLX in report on Monday, October 31 to "Strong Buy" rating. The firm has "Buy" rating given on Friday, February 2 by Mizuho. On Thursday, February 1 Stifel Nicolaus maintained MPLX LP (NYSE:MPLX) with "Buy" rating. Also, COO Gregory Scott Floerke sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, January 3rd.

During Q4 2017 the big money sentiment decreased to 0.82. It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. Linscomb And Williams owns 13,575 shares for 0.04% of their portfolio. Atlantic Trust Group LLC now owns 7,056,755 shares of the pipeline company's stock worth $247,057,000 after buying an additional 303,471 shares in the last quarter. Arga Inv Mngmt Ltd Partnership accumulated 21,700 shares. Pnc Fincl Svcs Gp has 9,020 shares for 0% of their portfolio. Goodwin Daniel L holds 37,100 shares or 0.57% of its portfolio. 105,037 are owned by Fil Limited. Starr Communications stated it has 0.49% in MPLX LP (NYSE:MPLX). Sg Americas Lc holds 0.02% or 57,908 shares. Bancorporation Of Montreal Can has 0.17% invested in MPLX LP (NYSE:MPLX) for 5.47M shares. Tower Research Ltd Liability (Trc) stated it has 0% in MPLX LP (NYSE:MPLX). Fulton Breakefield Broenniman Ltd Liability has invested 1.23% in United Technologies Corporation (NYSE:UTX). (NYSE:AAN). Connor Clark And Lunn Investment Mgmt Ltd holds 0.01% or 42,350 shares. According to 2017Q4 Securities and Exchange filling the decrease is 13.84%. Cibc Asset Mgmt owns 12,280 shares.

Since December 11, 2017, it had 0 insider purchases, and 1 sale for $74,000 activity.

Over the past 50 days, MPLX LP stock's -12.45% off of the high and 6.11% removed from the low. During the same quarter in the prior year, the company posted ($0.14) earnings per share. MPLX's profit would be $370.03M giving it 18.27 P/E if the $0.46 EPS is correct. After $0.31 actual EPS reported by MPLX LP for the previous quarter, Wall Street now forecasts 48.39 % EPS growth.

Morning Forecast, Monday April 16th, 2018
They will pick back up on Friday and into the weekend ahead of yet another upper-level low that will move into the Rockies. We have a lull in showers now, but that will change as we head overnight as a strong cold front crosses the region.

About $3.24 billion and $3.72 billion US Long portfolio the Center Coast Capital Advisors Lp manages. Citigroup Inc.'s target price suggests a potential upside of 15.56% from the stock's previous close. For a total of 1.57 million shares it increased its holding in Phillips 66 Partners Lp (NYSE:PSXP) by 226,624 shares in the quarter, and has risen its stake in Buckeye Partners Lp (NYSE:BPL). Its down 0.22, from 1.04 in 2017Q3.

Shares of NYSE MPLX opened at $32.42 on Monday.

A number of hedge funds and other institutional investors have recently made changes to their positions in MPLX. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.34 by ($0.03). About 4.14M shares traded or 24.58% up from the average. Hall Laurie J Trustee owns 0.02% invested in MPLX LP (NYSE:MPLX) for 1,100 shares. Bessemer Group accumulated 14,355 shares or 0% of the stock. Spirit Of America Ny owns 745,279 shares. Rafferty Asset Mngmt Limited Liability, New York-based fund reported 10,570 shares. STAFFORD JOHN S III bought $2.97M worth of Xencor, Inc. Stratos Wealth Ptnrs Limited owns 3,382 shares. California Public Employees Retirement System reported 549,653 shares.

On 1/26/2018 NYSE:MPLX - Mplx announced a quarterly dividend of $0.6075 7.35% with an ex dividend date of 2/2/2018 which will be payable on 2/14/2018. Staley Cap Advisers Inc accumulated 112,830 shares. Kayne Anderson Capital Advisors LP grew its position in shares of Mplx by 1.8% during the fourth quarter.

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