As Mplx LP (MPLX) Stock Declined, Shareholder Verition Fund Management LLC Has Increased Position

March 14, 2018 - By Dolores Ford

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.22, from 1.26 in 2017Q2. It is negative, as 26 investors sold MPLX shares while 79 reduced holdings. 15 funds opened positions while 94 raised stakes. 258.81 million shares or 4.21% more from 248.36 million shares in 2017Q2 were reported. Zimmer Prtnrs Lp invested in 1.11% or 1.43 million shares. Hilton owns 0.05% invested in MPLX LP (NYSE:MPLX) for 7,785 shares. State Street Corporation has 0% invested in MPLX LP (NYSE:MPLX). Fdx Advsrs reported 28,883 shares. Homrich And Berg reported 11,475 shares or 0.03% of all its holdings. King Luther Cap Mngmt has invested 0% in MPLX LP (NYSE:MPLX). New York-based Williams Jones And Assocs Ltd Com has invested 0.09% in MPLX LP (NYSE:MPLX). Rockefeller Finance Ser reported 880 shares. Ballentine Prtnrs stated it has 25,660 shares. Tarbox Family Office invested 0.05% in MPLX LP (NYSE:MPLX). Sei Investments stated it has 0% of its portfolio in MPLX LP (NYSE:MPLX). Starr Interest reported 152,600 shares. Botty Ltd Co holds 0.28% or 25,366 shares. 42,961 are held by Karpas Strategies Lc. Ameritas Ptnrs Inc reported 5,520 shares stake.

Since December 11, 2017, it had 0 insider buys, and 1 sale for $74,000 activity.

Verition Fund Management Llc increased its stake in Mplx Lp (MPLX) by 200% based on its latest 2017Q3 regulatory filing with the SEC. Verition Fund Management Llc bought 140,000 shares as the company’s stock declined 7.56% while stock markets rallied. The hedge fund held 210,000 shares of the natural gas distribution company at the end of 2017Q3, valued at $7.35M, up from 70,000 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Mplx Lp for a number of months, seems to be bullish on the $27.92B market cap company. The stock decreased 1.84% or $0.65 during the last trading session, reaching $34.71. About 664,614 shares traded. MPLX LP (NYSE:MPLX) has risen 11.48% since March 14, 2017 and is uptrending. It has underperformed by 5.22% the S&P500.

Verition Fund Management Llc, which manages about $1.22B and $1.24 billion US Long portfolio, decreased its stake in Ameren Corp (NYSE:AEE) by 102,158 shares to 5,306 shares, valued at $307,000 in 2017Q3, according to the filing. It also reduced its holding in Nrg Energy Inc (NYSE:NRG) by 440,860 shares in the quarter, leaving it with 301,340 shares, and cut its stake in Great Plains Energy Inc (NYSE:GXP).

More news for MPLX LP (NYSE:MPLX) were recently published by:, which released: “MPLX LP 2017 K-1 tax packages now available on company website” on March 08, 2018.‘s article titled: “MPLX LP files 2017 Form 10-K” and published on February 28, 2018 is yet another important article.

MPLX LP (NYSE:MPLX) Ratings Coverage

Among 20 analysts covering MPLX LP (NYSE:MPLX), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. MPLX LP had 59 analyst reports since October 20, 2015 according to SRatingsIntel. As per Monday, May 2, the company rating was initiated by RBC Capital Markets. As per Friday, February 19, the company rating was initiated by Goldman Sachs. As per Friday, April 8, the company rating was downgraded by Evercore. The firm earned “Buy” rating on Thursday, July 6 by Stifel Nicolaus. UBS maintained the stock with “Buy” rating in Friday, October 27 report. The firm has “Hold” rating by Guggenheim given on Monday, December 18. The company was maintained on Thursday, February 4 by Howard Weil. The stock has “Overweight” rating by Barclays Capital on Tuesday, July 19. The stock has “Hold” rating by Jefferies on Monday, February 5. On Thursday, June 1 the stock rating was maintained by Jefferies with “Buy”.

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