Who Added Big Positions in MPLX in Q4 2018?




In this series, we are looking at institutional activity in the top midstream companies during the fourth quarter. According to its latest 13F filing, Tortoise Capital Advisors sold net ~0.9 million shares of MPLX (MPLX) and held 3.4% of its total outstanding shares as of December 31. Marathon Petroleum (MPC) held ~63.6% in MPLX as of November. Marathon Petroleum formed MPLX in 2012 to own, operate, develop, and acquire midstream energy infrastructure assets.


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Institutional activity

Goldman Sachs Asset Management added ~1.0 million shares of MPLX and increased its stake close to 2% at the end of December 2018. Harvest Fund Advisors added ~300,000 shares during the fourth quarter and held a 1.4% stake in MPLX as of December 31. Harvest Fund Advisors offloaded more than 2.0 million shares during the third quarter. Read EPD, MMP, MPLX: How Their Earnings Growth Stacks Up for more information.

Analyst views

Of the 14 analysts surveyed covering MPLX, six recommended a “strong buy,” seven recommended a “buy,” and one recommended a “hold.” None of the analysts recommended a “sell” as of February 19.

The median target price for MPLX is $40.46, which implies an upside potential of more than 17% from its current price of $34.34.


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