Cushing Asset Management LP Increased Its Stake in Mplx LP (MPLX) by $15.29 Million

During 2018 Q2 the big money sentiment decreased to 1.09. That’s change of 0.25, from 2018Q1’s 1.34. 21 investors sold all, 77 reduced holdings as MPLX ratio is negative. 83 grew holdings while 24 funds bought holdings. Funds hold 234.78 million shares thus 2.86% less from 2018Q1’s 241.70 million shares. Regions Fin Corporation has 0% invested in MPLX LP (NYSE:MPLX). C V Starr & Communications owns 73,600 shs for 10.7% of their capital. Tower Rech Capital Limited Liability Corp (Trc) accumulated 0% or 44 shs. Of Vermont reported 0% in MPLX LP (NYSE:MPLX). Moneta Grp Inc Inv Advsr Limited Liability Company has invested 0% of its capital in MPLX LP (NYSE:MPLX). Goldman Sachs accumulated 21.10M shs. Creative Planning reported 0% of its capital in MPLX LP (NYSE:MPLX). Moors Cabot holds 0.05% of its capital in MPLX LP (NYSE:MPLX) for 11,149 shs. Gsa Cap Partners Ltd Liability Partnership accumulated 36,123 shs or 0.06% of the stock. Ubs Asset Americas, a Illinois-based fund reported 1,735 shs. Driehaus Cap Management Limited Liability has 114,389 shs. Signaturefd Limited Co holds 0.03% or 8,620 shs in its capital. Ballentine Ltd Liability Company stated it has 32,168 shs or 0.06% of all its holdings. 897,918 are owned by Neuberger Berman Group Limited Liability Corp. Winslow Evans Crocker invested in 0.13% or 12,504 shs.

Cushing Asset Management Lp increased its stake by 11.69% in Mplx Lp (MPLX), according to 2018Q2 SEC filling. By buying 449,848 shares Cushing Asset Management Lp made the stock popped up with 4.23%. At the end of 2018Q2, the hedge fund held 4.30M shares of the natural gas distribution company, priced at $146.79 million, up from 3.85 million at the end of the previous reported quarter. $26.41 billion is the market cap of Mplx Lp. MPLX reached $33.26 during the last trading session after $0.7 change.MPLX LP has volume of 1.18 million shares. Since November 10, 2017 MPLX has risen 7.82% and is uptrending. The stock underperformed the S&P500 by 7.80%.

According to a filing Cushing Asset Management Lp decreased its stake in Plains Gp Hldgs LP by 700,005 shares to 2.27 million shares, valued at $54.29M in 2018Q2. The fund operates about $4.99 billion and $3.29 billion US Long portfolio. Cushing Asset Management Lp has cut its stake in Shell Midstream Partners LP and also reduced its holding in Boeing Co (NYSE:BA) by 23,726 shares in the quarter, for a total of 8,127 shares.

A couple more MPLX LP (NYSE:MPLX) news were announced by: Seekingalpha.com which released on November 09, 2018 “The Hits Keep Coming: 13 Straight Quarters Of Record Earnings, 23 Hikes, Estimates Rising”, also Prnewswire.com on November 08, 2018 announced “MPLX announces redemption of its outstanding 5.500% senior notes due 2023”, the next Seekingalpha.com is “MPLX LP prices $2.25B senior notes offering” on November 08, 2018. Fool.com has article titled “3 Top Stocks With High Dividend Yields”.

MPLX LP (NYSE:MPLX) Ratings Coverage

In total 5 analysts cover MPLX (NYSE:MPLX). “Buy” rating has 4, “Sell” are 0, while 1 are “Hold”. 80% are bullish. 5 are the (NYSE:MPLX)’s analyst reports since July 18, 2018 according to StockzIntelligence Inc. The company rating was maintained by Bank of America on Friday, November 2. On Wednesday, July 18 the firm earned “Buy” rating by Jefferies. On Tuesday, October 9 the rating was downgraded by Goldman Sachs to “Neutral”. On Friday, July 27 the rating was maintained by Stifel Nicolaus with “Buy”.

MPLX LP (NYSE:MPLX) Institutional Investors Chart

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