Stockbridge Partners LLC Increased Its Stake in Mplx LP (MPLX) by $7.62 Million as Shares Declined

May 3, 2018 - By Daniel Cummings

Big Money Sentiment decreased to 0.82 in Q4 2017. It has change of 0.22, from 2017Q3’s 1.04. The ratio is negative due to MPLX positioning: 32 sold and 89 reduced. 26 funds acquired stakes and 73 increased stakes. Investors holded 258.81 million in 2017Q3 but now own 250.53 million shares or 3.20% less. Pitcairn, Pennsylvania-based fund reported 6,445 shs. Susquehanna International Group Ltd Liability Partnership stated it has 295,234 shs. Sg Americas Securities Ltd Llc has 0.02% invested in MPLX LP (NYSE:MPLX) for 57,908 shs. Prentiss Smith & Commerce holds 0.03% or 1,557 shs in its capital. Wells Fargo Co Mn accumulated 1.42M shs. Prudential Public Ltd Co holds 89,400 shs. Tortoise Capital Ltd Com accumulated 24.24M shs. Beach Inv Counsel Inc Pa owns 31,438 shs for 0.11% of their capital. Yost Mngmt Lc holds 136,180 shs. King Luther Management Corp holds 10,486 shs. Professionals Incorporated reported 1,090 shs or 0.02% of all its holdings. Fiera Corp holds 0% or 10,042 shs in its capital. Bb&T Securities Ltd Llc invested in 27,494 shs. Ancora Advisors Ltd holds 8,821 shs or 0.02% of its capital. Summit Equities has 25,373 shs.

MPLX registered $74,000 net activity with 0 buys and 1 insider sale since December 11, 2017.

Based on the latest 2017Q4 regulatory filing with the SEC, Sharlyn C. Heslam upped its holdings in Mplx Lp (MPLX) by 3.96%. By buying 217,798 shares Stockbridge Partners Llc made the stock sank with 8.11%. At the end of 2017Q4, the hedge fund run by Sharlyn C. Heslam held 5.72 million shares of the natural gas distribution company, priced at $202.72M, up from 5.50 million at the end of the previous reported quarter. $28.67 billion is Mplx Lp’s MC. MPLX reached $35.64 during the last trading session after $0.28 change.MPLX LP has volume of 441,599 shares. Since May 3, 2017 MPLX has declined 6.29% and is downtrending. MPLX underperformed by 17.84% the S&P 500.

A portfolio of $1.82B and $2.13B is managed by Stockbridge Partners Llc. As it’s announced in Securities and Exchange form the stake in Sba Communications Corp New is decreased by 57,464 shares to 1.09 million shares. They are valued at $178.60 million in 2017Q4. Stockbridge Partners Llc has cut its stake in Visa Inc (NYSE:V) and also reduced its holding in Charter Communications Inc N by 28,154 shares in the quarter, for a total of 430,828 shares.

MPLX LP (NYSE:MPLX) Ratings Coverage

A total of 11 analysts rate MPLX LP (NYSE:MPLX) as follows: 9 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 82% are bullish. The firm has $46.0 highest and $3600 lowest target. The avg target $41.10 is 15.32% above the last ($35.64) price. (NYSE:MPLX) has 18 ratings reports on 3 May 2018 according to StockzIntelligence. In Friday, February 2 report Mizuho maintained it with “Buy” rating and $42.0 target. The stock rating was downgraded by Jefferies to “Hold” on Monday, February 5. On Friday, February 2 the rating was maintained by RBC Capital Markets with “Buy”. On Tuesday, May 1 the rating was maintained by Stifel Nicolaus with “Buy”. On Tuesday, April 17 the firm has “Equal-Weight” rating given by Barclays Capital. On Monday, April 16 Guggenheim upgraded the shares of MPLX in report to “Buy” rating. The company rating was maintained by Citigroup on Tuesday, April 10. On Monday, December 18 the company was downgraded by Guggenheim. On Tuesday, January 16 the rating was maintained by RBC Capital Markets with “Buy”. On Friday, December 1 the stock of MPLX LP (NYSE:MPLX) has “Buy” rating given by Raymond James.

MPLX LP (NYSE:MPLX) Institutional Investors Chart

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