Mplx LP (MPLX) Shareholder Ngp Mr Management LLC Decreased Its Holding by $68.00 Million

July 14, 2017 - By Michael Collier

Investors sentiment decreased to 1.19 in Q4 2016. Its down 0.10, from 1.29 in 2016Q3. It worsened, as 31 investors sold MPLX shares while 64 reduced holdings. 29 funds opened positions while 84 raised stakes. 236.68 million shares or 4.16% more from 227.22 million shares in 2016Q3 were reported. King Luther Cap Mgmt reported 0% in MPLX LP (NYSE:MPLX). Yost Cap reported 54,139 shares stake. Bollard Grp Ltd Limited Liability Company accumulated 0.1% or 45,151 shares. Forward Management, a California-based fund reported 211,101 shares. Kayne Anderson Cap Advisors LP accumulated 12.07M shares. Hilton Cap Ltd Liability Co has invested 0.05% in MPLX LP (NYSE:MPLX). Wells Fargo Company Mn reported 0.02% of its portfolio in MPLX LP (NYSE:MPLX). 18,625 are owned by Bb&T. Pentwater Management LP owns 40,000 shares or 0.02% of their US portfolio. Meeder Asset Management reported 7,733 shares. Mariner Wealth Ltd owns 627,273 shares or 1% of their US portfolio. Bamco New York holds 0.01% of its portfolio in MPLX LP (NYSE:MPLX) for 34,200 shares. Reilly Financial Ltd owns 109 shares. Stephens Ar reported 0.07% of its portfolio in MPLX LP (NYSE:MPLX). Raymond James Financial Svcs Advsr Inc invested 0.04% in MPLX LP (NYSE:MPLX).

Since January 17, 2017, it had 1 insider purchase, and 4 sales for $1.40 million activity. 1,000 MPLX LP (NYSE:MPLX) shares with value of $37,000 were sold by Floerke Gregory Scott. $299,371 worth of MPLX LP (NYSE:MPLX) was bought by Heminger Gary R. on Monday, June 12. $542,996 worth of stock was sold by NICKERSON RANDY S on Wednesday, March 15.

Ngp Mr Management Llc decreased its stake in Mplx Lp (MPLX) by 32.59% based on its latest 2016Q4 regulatory filing with the SEC. Ngp Mr Management Llc sold 2.00M shares as the company’s stock declined 7.56% while stock markets rallied. The institutional investor held 4.14M shares of the natural gas distribution company at the end of 2016Q4, valued at $143.24 million, down from 6.14M at the end of the previous reported quarter. Ngp Mr Management Llc who had been investing in Mplx Lp for a number of months, seems to be less bullish one the $13.80 billion market cap company. The stock rose 1.41% or $0.49 reaching $35.33. About 498,601 shares traded. MPLX LP (NYSE:MPLX) has risen 11.48% since July 14, 2016 and is uptrending. It has underperformed by 5.22% the S&P500.

Wall Street await MPLX LP (NYSE:MPLX) to release earnings on July, 27. Analysts forecast EPS of $0.19, up exactly $0.30 or 272.73 % from 2014’s $-0.11 EPS. The expected MPLX’s profit could reach $74.21M giving the stock 46.49 P/E in the case that $0.19 earnings per share is reported. After posting $0.19 EPS for the previous quarter, MPLX LP’s analysts now forecast 0.00 % EPS growth.

More important recent MPLX LP (NYSE:MPLX) news were published by: Nasdaq.com which released: “MPLX LP to announce 2017 second-quarter financial results July 27” on July 13, 2017, also Seekingalpha.com published article titled: “MPLX LP Partnership: Attractive And Undervalued”, Seekingalpha.com published: “MPLX says Utica build-out projects begin operations” on July 06, 2017. More interesting news about MPLX LP (NYSE:MPLX) was released by: Seekingalpha.com and their article: “MPLX LP’s Strong 6.4% Yield Is Set To Grow” with publication date: July 06, 2017.

MPLX LP (NYSE:MPLX) Ratings Coverage

Among 17 analysts covering MPLX LP (NYSE:MPLX), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. MPLX LP had 36 analyst reports since October 20, 2015 according to SRatingsIntel. The rating was upgraded by Evercore to “Buy” on Wednesday, November 11. Howard Weil upgraded the shares of MPLX in report on Tuesday, December 15 to “Sector Outperform” rating. Stifel Nicolaus maintained the shares of MPLX in report on Thursday, July 6 with “Buy” rating. Evercore upgraded the shares of MPLX in report on Thursday, December 8 to “Buy” rating. The firm has “Buy” rating by Goldman Sachs given on Friday, February 19. The company was upgraded on Wednesday, March 1 by Mitsubishi UFJ. Ladenburg Thalmann initiated MPLX LP (NYSE:MPLX) on Monday, November 30 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, January 10 by Wells Fargo. The rating was initiated by Credit Suisse on Tuesday, December 22 with “Neutral”. The stock of MPLX LP (NYSE:MPLX) earned “Buy” rating by Jefferies on Monday, October 31.

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