Center Coast Capital Advisors LP Stake in Mplx LP (MPLX) Decreased by $42.60 Million as Shares Declined

April 16, 2018 - By Michele Cranor

Big Money Sentiment decreased to 0.82 in Q4 2017. It has change of 0.22, from 2017Q3’s 1.04. The ratio worsened 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. Hilton Mgmt Limited Liability Company accumulated 7,785 shs. Walter & Keenan Consulting Co Mi Adv reported 10,364 shs. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems owns 1.93% invested in MPLX LP (NYSE:MPLX) for 3.96M shs. 5,035 were accumulated by Captrust Fincl. Optimum Invest Advisors holds 0.1% or 8,833 shs in its capital. Joel Isaacson And Co Lc has invested 0.25% in MPLX LP (NYSE:MPLX). Pnc Financial Serv Gru Inc reported 0.01% of its capital in MPLX LP (NYSE:MPLX). Monetary Management Group reported 14,200 shs stake. Moreover, Hanson Mcclain has 0% invested in MPLX LP (NYSE:MPLX). Naples Advsr invested 0.11% in MPLX LP (NYSE:MPLX). Bnp Paribas Arbitrage Sa accumulated 8,209 shs. 234 are owned by Peddock Advsr Ltd Liability Corp. 12,280 were accumulated by Cibc Asset. Driehaus Management Limited Company has 164,909 shs for 0.22% of their capital. Salient Tru Com Lta owns 22,930 shs or 0.09% of their US capital.

MPLX had 1 sale and 0 buys since December 11, 2017. This’s net activity of $74,000.

The holdings In Mplx Lp (MPLX) was decreased held by Center Coast Capital Advisors Lp. According to 2017Q4 SEC form the reduction is 13.84%. The company’s stock declined 8.11% with the market as Center Coast Capital Advisors Lp sold 1.22M shares. At the end of 2017Q4, the 7.58M shares of the natural gas distribution company held by the hedge fund were valued at $268.70 million, down from 8.79M at the end of the previous reported quarter. $27.16 billion is the market cap of Mplx Lp. The stock increased 4.13% or $1.34 during the last trading session, reaching $33.76.MPLX LP is downtrending after having declined 6.29% since April 16, 2017. MPLX has 2.51M volume or 26.66% up from normal. MPLX underperformed by 17.84% the S&P500.

Center Coast Capital Advisors Lp manages about $3.24 billion and $3.72 billion US Long portfolio. It upped its stake in Nustar Energy Lp (NYSE:NS) by 306,958 shares to 4.96 million shares, valued at $148.68 million in 2017Q4, according to the filing. For a total of 1.40M shares it increased its holding in Boardwalk Pipeline Partners (NYSE:BWP) by 1.40M shares in the quarter, and has risen its stake in Spectra Energy Partners Lp (NYSE:SEP).

Analysts await MPLX LP (NYSE:MPLX) to report earnings on April, 26. They expect $0.46 EPS, up 142.11 % or $0.27 from last year’s $0.19 per share. MPLX’s profit will be $370.03 million for 18.35 P/E if the $0.46 EPS becomes a reality. After $0.31 actual EPS reported by MPLX LP for the previous quarter, Wall Street now forecasts 48.39 % EPS growth.

MPLX LP (NYSE:MPLX) Ratings Coverage

Total analysts of 11 have positions in MPLX LP (NYSE:MPLX) as follows: 8 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 73%. Since October 17, 2017 according to StockzIntelligence Inc MPLX LP has 16 analyst reports. The stock rating was maintained by Mizuho with “Buy” on Wednesday, April 11. On Monday, February 5 the stock of MPLX LP (NYSE:MPLX) has “Hold” rating given by Jefferies. On Friday, October 27 UBS maintained the shares of MPLX in report with “Buy” rating. In Tuesday, January 16 report RBC Capital Markets maintained the stock with “Buy” rating. On Thursday, February 1 the firm has “Buy” rating by Stifel Nicolaus given. In Friday, February 2 report Mizuho maintained the stock with “Buy” rating. The stock rating was initiated by Citigroup with “Buy” on Friday, February 2. On Thursday, October 26 the stock has “Buy” rating by Stifel Nicolaus. On Wednesday, January 17 Barclays Capital downgraded MPLX LP (NYSE:MPLX) to “Equal-Weight” rating. On Monday, December 18 the stock of MPLX LP (NYSE:MPLX) earned “Hold” rating by Guggenheim.

MPLX LP (NYSE:MPLX) Institutional Investors Chart

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