First Heartland Consultants Inc. Sells Shares of Mplx Lp

Trending News ☀️

First Heartland Consultants Inc. has sold shares of Mplx Lp($NYSE:MPLX). Mplx Lp is an oil and gas pipeline company.

Market Price

On Wednesday, the stock opened at $32.7 but closed at $31.8, down by 2.0% from its prior closing price of 32.4. Despite this slight dip, MPLX LP remains a publicly traded partnership with a strong market presence. Its operations include transportation, storage, gathering, and processing of crude oil and refined petroleum products.

VI Analysis

MPLX LP is a publicly traded partnership that owns, operates, develops, and acquires midstream energy infrastructure assets. The company’s operations are primarily focused on the transportation, storage, and processing of crude oil and refined products. MPLX LP is classified as a ‘gorilla’ company, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. The company’s fundamentals reflect its long term potential, and the VI app makes analyzing them simple.

According to the VI Star Chart, MPLX LP is strong in dividend, growth, profitability, and weak in asset. MPLX LP has an intermediate health score of 6/10 considering its cashflows and debt, is likely to pay off debt and fund future operations.

Summary

Mplx Lp was the target of a large drop in short interest in the month of December. A number of equities research analysts recently issued reports on MPLX shares. Zacks Investment Research lowered Mplx Lp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine lowered Mplx Lp from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPLX. Mplx Lp operates as a master limited partnership that owns and operates midstream energy infrastructure assets in the United States.

The company operates through three segments: Refined Products Pipelines, Crude Oil Pipelines, and Storage and Terminals. The Refined Products Pipelines segment consists of refined products pipelines and associated storage facilities extending from Chicago area terminals west to Colorado, south to Louisiana and southeast to Ohio and Florida; and from Garyville refinery to Mandan refinery in North Dakota. This segment also operates refined products pipelines and associated storage facilities in Minnesota and Wisconsin; and from Belle Chasse terminal to Tampa Bay market area in Florida through its equity investment in Seminole Pipeline LLC. The Crude Oil Pipelines segment comprises Dakota Access Pipeline System that transports crude oil from the Bakken and Three Forks oil production areas in North Dakota to Patoka, Illinois; and Enbridge Crude Oil Pipelines System that transports crude oil from Hardisty, Alberta to Superior, Wisconsin and points in between through its equity investment in Enbridge Energy Partners, L.P.?s Lakehead system in Canada and United States. The Storage and Terminals segment offers storage and terminal services for petroleum products and crude oil primarily in Garyville; New Orleans; Mandan; Chicago; Cushing; St. James; Beaumont; Wood River; Patoka; Superior; Anacortes; Cochin; Edmonton; Hardisty; Superior Wisconsin Terminal; Flanagan South Pipeline; Enbridge Flanagan Terminal; Enbridge Anacortes Terminal; Enbridge Superior Terminal; Enbridge Wood River Terminal; Enbridge Cushing Terminal; Enbridge Patoka Terminal; Enbridge Chicago Terminal; and Enbridge Mandan Terminal through its equity investment in Enbridge Energy Partners LP Storage and Terminals segment. Mplx GP LLC serves as the general partner of Mplx Lp.