Mplx LP (NYSE:MPLX).
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS says it raised its position in Mplx LP by 108,463 shares in its quarterly SEC filing. Its stake was valued at $137,262,000 an increase of $9,935,000 as of the end of the quarter.
Several firms have shifted positions in (MPLX). Fiduciary Financial Services Of The Southwest Inc /tx downsized its investment by shedding 364 shares a decrease of 1.8%. Fiduciary Financial Services Of The Southwest Inc /tx claims 20,356 shares with a value of $713,000. The value of the position overall is up by 3.0%. As of the end of the quarter Evergreen Capital Management LLC had acquired a total of 47,370 shares growing its stake by 39.0%. The value of the investment in Mplx LP went from $4,053,000 to $5,907,000 increasing 45.7% since the last quarter.
As of quarter end Raymond James & Associates had bought 13,664 shares growing its position 4.2%. The value of the total investment in Mplx LP increased from $10,838,000 to $11,838,000 a change of $1,000,000 for the reporting period.
Equity analyst Stifel Nicolaus lowered the price target of the stock on October 27 changing the price objective from $42.00 to $41.00 with a “Buy” recommendation. On October 20 Mizuho made no change to the stock rating of “Buy” targeting a price of $40.00.
October 19 investment analysts at Barclays PLC held the company rating at “Buy” with a current price target of $39.00. On October 4 Scotiabank maintained a stock rating of “Buy” projecting a price of $44.00.
On September 5 Stifel Nicolaus left the stock rating at “Buy” targeting a price of $42.00. Jefferies Group LLC lowered the price target on August 28 changing the forecast from $42.00 to $41.00 with a rating of “Buy”.
In the market the company is trading up since yesterday’s close of 33.72. The company currently has a P/E ratio of 37.59 and market capitalization is 14.16B. As of the last earnings report the EPS was $0.91 with 289.00M shares now outstanding.
Short traders are feeling a little more bearish on Mplx LP if you evaluate the motion in short interest. The stock recorded a rise in short interest of 0.60% as of October 13, 2017 from the last reporting period. Short shares increased 91,720 over that period. Days to cover increased from 7.0 to 11.0 and the percentage of shorted shares was 0.05% on October 13.