Mizuho Analysts Give Mplx (MPLX) a $41.00 Price Target

Cornelia Mascio
Aprile 17, 2018

MAI Capital Management now owns 135,583 shares of the company's stock worth $4,591,000 after buying an additional 846 shares during the last quarter. The institutional investor held 176,454 shares of the natural gas distribution company at the end of 2017Q4, valued at $6.26 million, down from 226,479 at the end of the previous reported quarter. The company has market cap of $26.08 billion. LLC now owns 1,693,101 shares of the pipeline company's stock worth $60,054,000 after buying an additional 433,726 shares during the last quarter. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $937.04 million.

Analysts await MPLX LP (NYSE:MPLX) to report earnings on April, 26. It has underperformed by 11.55% the S&P500.

Independence Trust Co increased its stake in Suntrust Bks Inc (STI) by 593.18% based on its latest 2017Q4 regulatory filing with the SEC. The institutional investor held 31,387 shares of the finance company at the end of 2017Q4, valued at $2.03 million, up from 4,528 at the end of the previous reported quarter.

The stock decreased 0.61% or $0.2 during the last trading session, reaching $32.42. About 985,991 shares traded. United Technologies Corporation (NYSE:UTX) has risen 12.03% since April 16, 2017 and is uptrending. It has outperformed by 11.18% the S&P500. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Therefore 76% are positive. MPLX LP had 62 analyst reports since October 20, 2015 according to SRatingsIntel. On Friday, February 2 the firm has "Buy" rating by RBC Capital Markets given. As per Friday, February 2, the company rating was maintained by Mizuho. On Wednesday, April 11 the rating was maintained by Mizuho with "Buy". Barclays Capital initiated MPLX LP (NYSE:MPLX) rating on Tuesday, July 19. On Friday, February 2 the firm earned "Buy" rating by RBC Capital Markets. On Monday, December 18 Guggenheim downgraded the shares of MPLX in report to "Hold" rating. The stock has "Buy" rating by Ladenburg Thalmann on Tuesday, May 3. (NYSE:CCK) has "Hold" rating given on Friday, July 21 by Vertical Research. Also, COO Gregory Scott Floerke sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, January 3rd.

During 2017 Q4 the big money sentiment decreased to 0.82. During the same quarter in the prior year, the company earned $0.17 EPS. equities analysts forecast that Mplx will post 1.93 earnings per share for the current year. It is positive, as 33 investors sold AR shares while 72 reduced holdings. Linscomb And Williams owns 13,575 shares for 0.04% of their portfolio. 282.31 million shares or 3.23% less from 291.74 million shares in 2017Q3 were reported. Cwm Limited Co owns 775 shares or 0% of their U.S. portfolio. Silvercrest Asset Grp Inc Ltd Liability Co accumulated 0.13% or 387,371 shares. Share performance for the month is now at -6.60%. Oppenheimer holds 23,451 shares or 0.02% of its portfolio. 105,037 are owned by Fil Limited. Ing Groep Nv invested 0.2% of its portfolio in MPLX LP (NYSE:MPLX). Sg Americas Lc holds 0.02% or 57,908 shares. Cubist Systematic Strategies Lc has 0.01% invested in Antero Resources Corporation (NYSE:AR). Comerica State Bank has invested 0% in MPLX LP (NYSE:MPLX). Ww Asset Mgmt Incorporated stated it has 63,119 shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Stuart Chaussee & Associates Inc. acquired a new position in shares of Mplx during the 4th quarter worth approximately $195,000.

On 7/26/2017 NYSE:MPLX - Mplx announced a Quarterly dividend of $0.5625 6.26% with an ex dividend date of 8/3/2017 which will be payable on 8/14/2017. They expect $2.71 EPS, up 29.05% or $0.61 from last year's $2.1 per share. MPLX's profit will be $370.03M for 17.62 P/E if the $0.46 EPS becomes a reality. Citigroup Inc.'s target price suggests a potential upside of 15.56% from the stock's previous close. Ameriprise Fincl Inc has 92,807 shares.

Investors sentiment increased to 1.32 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It turned negative, as 32 investors sold MPLX shares while 89 reduced holdings. 26 funds bought stakes and 73 increased stakes. 250.53 million shares or 3.20% less from 258.81 million shares in 2017Q3 were reported. Goodwin Daniel L invested in 0.57% or 37,100 shares. Piermont Capital Mgmt, a Missouri-based fund reported 9,740 shares. Spirit Of America Ny owns 745,279 shares. Botty Investors Limited Liability Co reported 27,311 shares stake. The Stock has market cap of $26319.2M and relative volume of 0.51. Stratos Wealth Ptnrs Limited owns 3,382 shares. Hilton Capital Llc reported 7,785 shares stake. 19,866 were reported by Fiduciary Svcs Of The Southwest Tx. Baldwin Brothers Ma invested 0.07% in MPLX LP (NYSE:MPLX). Moreover, Citigroup has 0.02% invested in MPLX LP (NYSE:MPLX) for 560,335 shares. 79,496 were reported by Citadel Advsr Limited Liability Corp. Fifth Third Savings Bank has invested 0% in MPLX LP (NYSE:MPLX).

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