MPLX LP (NYSE:MPLX) Stock Upgrade
Stock analysts at the Scotia Howard Weil equities division boosted shares of MPLX LP (NYSE:MPLX) from a “Sector Perform” to a “Sector Outperform” on Tuesday morning.
From a total of 10 analysts covering MPLX LP (NYSE:MPLX) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is $65 while the lowest target price is $37. The mean of all analyst targets is $50.6 with a 66.14% above today’s ($28.59) stock price. MPLX LP was the topic of 6 analyst reports since October 20, 2015 according to the firm StockzIntelligence Inc. Ladenburg Thalmann initiated shares on November 30 with “Buy” rating.
The stock decreased 5.77% or $1.75 on December 15, striking $28.59. Approximately 100 shares of stock traded hands. MPLX LP (NYSE:MPLX) has declined 61.72% since May 12, 2015 and is downtrending. It has underperformed by 58.04% the S&P500.
The overall sentiment of institutions has decreased to 1.02 in Q2 2015. Its down 0.21, from 1.23 in 2015Q2. The ratio dived, as 24 institutions have sold all the shares of MPLX LP that they owned while 34 funds have taken shares off the table. 26 funds have purchased shares for the first time while 33 added to their positions. These institutions now hold 24.41 million shares or 10.66% more than the 22.05 million shares they owned in 2015Q2.
The Fund C V Starr & Co Inc currently is holding shares equating to 6.05% of its total portfolio in MPLX LP representing a total of 30,000 shares. Another fund,Samson Capital Management Llc, is holding a total of 163,366 shares equating to 4.57% of their holdings. Additionally, Heronetta Management L.P. has a 107,430 share stake in MPLX LP which represents 2.37% of their total portfolio. The Fund, Chickasaw Capital Management Llc, based out of Tennessee, has also built up a stake in the stock, which represents a total of 1.89% of their total portfolio. Finally Nbw Capital Llc, a fund which is based in the state of Massachusetts reported a total holdings of 160,598 shares.
Insider activity is a very important aspect to track on any stock. Going back to September 14, 2015, shareholders of MPLX LP have witnessed 1 buy, and a total of 0 selling transactions equating to a net activity of approximately $182,680 . Wilson C. Richard bought 4,000 shares worth approximately $182,680.
MPLX LP is a fee-based master limited partnership formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon products. The company has a market cap of $2.49 billion. The Company’s assets include interest in a network of common carrier crude oil and product pipeline systems and storage assets in the Midwest and Gulf Coast regions of the United States. It has 15.65 P/E ratio. It has interest in a butane cavern in Neal, West Virginia with one million barrels of natural gas liquids storage capacity.
According to Zacks Investment Research, “MPLX LP is a fee-based limited partnership formed to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets. The Company’s assets consist of a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. MPLX LP is based in Findlay, Ohio.”