Analysts See $0.26 EPS for MPLX LP (MPLX)

October 13, 2017 - By Adrian Erickson

 Analysts See $0.26 EPS for MPLX LP (MPLX)
Investors sentiment decreased to 1.26 in 2017 Q2. Its down 0.21, from 1.47 in 2017Q1. It dived, as 26 investors sold MPLX LP shares while 69 reduced holdings. 21 funds opened positions while 99 raised stakes. 248.36 million shares or 4.76% more from 237.08 million shares in 2017Q1 were reported.
394 were reported by Carroll Fincl. Pennsylvania-based Harvest Fund Advisors Ltd Liability has invested 5.7% in MPLX LP (NYSE:MPLX). Citigroup owns 1.69 million shares for 0.05% of their portfolio. Credit Suisse Ag invested in 2.43M shares or 0.08% of the stock. Magnetar Llc reported 13,000 shares. The Illinois-based Botty Ltd has invested 0.22% in MPLX LP (NYSE:MPLX). Nelson Van Denburg Campbell Wealth Gru Llc holds 652 shares. Optimum Investment Advsr invested in 7,654 shares or 0.09% of the stock. Zimmer L P invested in 0.94% or 1.19 million shares. Lpl Fincl Ltd owns 20,109 shares. Hodges Cap Management holds 6,165 shares or 0.01% of its portfolio. Whittier Trust Commerce holds 0% of its portfolio in MPLX LP (NYSE:MPLX) for 28 shares. 140,000 were reported by Verition Fund Mgmt Limited Liability. Avenir reported 0.78% of its portfolio in MPLX LP (NYSE:MPLX). Balyasny Asset Mngmt Limited Company owns 0.22% invested in MPLX LP (NYSE:MPLX) for 1.63M shares.

Since June 12, 2017, it had 1 buy, and 0 selling transactions for $299,371 activity.

Investors wait MPLX LP (NYSE:MPLX) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.26 earnings per share, up $0.05 or 23.81 % from last year’s $0.21 same quarter earnings. This translates into $102.79 million profit for MPLX giving the stock a 33.39 P/E. This is assuming the current $0.26 EPS is accurate. MPLX LP’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.26 EPS reproted in the previous quarter, The stock decreased 0.40% or $0.14 during the last trading session, reaching $34.73. About 464,799 shares traded. MPLX LP (NYSE:MPLX) has risen 11.48% since October 13, 2016 and is uptrending. It has underperformed by 5.22% the S&P500.

MPLX LP (NYSE:MPLX) Ratings Coverage

Among 19 analysts covering MPLX LP (NYSE:MPLX), 17 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. MPLX LP had 45 analyst reports since October 20, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, March 15 by Deutsche Bank. Credit Suisse initiated MPLX LP (NYSE:MPLX) on Tuesday, December 22 with “Neutral” rating. RBC Capital Markets maintained the stock with “Buy” rating in Monday, October 9 report. The firm has “Buy” rating given on Monday, October 31 by Jefferies. Mitsubishi UFJ upgraded the stock to “Overweight” rating in Wednesday, March 1 report. The company was maintained on Monday, September 4 by Stifel Nicolaus. The firm has “Sector Outperform” rating by Howard Weil given on Tuesday, December 15. The stock of MPLX LP (NYSE:MPLX) has “Hold” rating given on Tuesday, February 23 by Stifel Nicolaus. The rating was initiated by Mizuho on Friday, September 30 with “Neutral”. Mizuho maintained it with “Neutral” rating and $37 target in Friday, October 28 report.

MPLX LP is a master limited partnership formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The company has market cap of $13.73 billion. The Firm 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. It has a 41.72 P/E ratio. The Company’s divisions are Logistics and Storage (L&S), and Gathering and Processing (G&P).

More news for MPLX LP (NYSE:MPLX) were recently published by: Nasdaq.com, which released: “MPLX Named Top Dividend Stock With Insider Buying and 6.45% Yield (MPLX)” on October 12, 2017. Seekingalpha.com‘s article titled: “Marcellus And Utica Boom Music To MPLX LP’s Ears” and published on September 19, 2017 is yet another important article.

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