Evercore Trust Company Has Lifted Stake in Whirlpool (WHR) by $9.90 Million; As Mplx LP (MPLX) Share Value Declined, Virtu Financial Has Decreased Its Position

January 21, 2018 - By Ellis Scott

Virtu Financial Llc decreased its stake in Mplx Lp (MPLX) by 58.63% based on its latest 2017Q3 regulatory filing with the SEC. Virtu Financial Llc sold 84,044 shares as the company’s stock declined 7.56% while stock markets rallied. The institutional investor held 59,305 shares of the natural gas distribution company at the end of 2017Q3, valued at $2.08M, down from 143,349 at the end of the previous reported quarter. Virtu Financial Llc who had been investing in Mplx Lp for a number of months, seems to be less bullish one the $15.73 billion market cap company. The stock increased 0.50% or $0.19 during the last trading session, reaching $37.86. About 1.13M shares traded. MPLX LP (NYSE:MPLX) has risen 11.48% since January 21, 2017 and is uptrending. It has underperformed by 5.22% the S&P500.

Evercore Trust Company increased its stake in Whirlpool Corp (WHR) by 4.14% based on its latest 2017Q3 regulatory filing with the SEC. Evercore Trust Company bought 53,819 shares as the company’s stock rose 1.07% with the market. The institutional investor held 1.36 million shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $249.96 million, up from 1.30M at the end of the previous reported quarter. Evercore Trust Company who had been investing in Whirlpool Corp for a number of months, seems to be bullish on the $12.04B market cap company. The stock increased 0.08% or $0.14 during the last trading session, reaching $167.53. About 879,683 shares traded. Whirlpool Corporation (NYSE:WHR) has risen 6.81% since January 21, 2017 and is uptrending. It has underperformed by 9.89% the S&P500.

Analysts await MPLX LP (NYSE:MPLX) to report earnings on February, 7. They expect $0.33 earnings per share, up 94.12% or $0.16 from last year’s $0.17 per share. MPLX’s profit will be $137.07 million for 28.68 P/E if the $0.33 EPS becomes a reality. After $0.29 actual earnings per share reported by MPLX LP for the previous quarter, Wall Street now forecasts 13.79% EPS growth.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.22, from 1.26 in 2017Q2. It dived, 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. Spirit Of America Mgmt Ny owns 739,479 shares or 2.74% of their US portfolio. Balyasny Asset Mngmt Ltd Company holds 547,864 shares. National Bank & Trust Of Montreal Can stated it has 0.21% in MPLX LP (NYSE:MPLX). Pnc Financial Svcs Grp Incorporated has 0.01% invested in MPLX LP (NYSE:MPLX) for 253,698 shares. Segall Bryant & Hamill Ltd Llc holds 67,333 shares. Walnut Private Equity Prns Ltd Liability Com holds 20,846 shares. Moreover, Heronetta Mgmt LP has 5.1% invested in MPLX LP (NYSE:MPLX). Zimmer Prns Lp holds 1.11% or 1.43 million shares. Moreover, Goodwin Daniel L has 0.59% invested in MPLX LP (NYSE:MPLX) for 38,000 shares. Catawba Cap Management Va reported 0.22% in MPLX LP (NYSE:MPLX). Cwm Limited Company reported 775 shares or 0% of all its holdings. Mai Management holds 133,912 shares or 0.28% of its portfolio. Williams Jones & Assoc Limited Company reported 0.09% stake. Walleye Trading Lc has invested 0% in MPLX LP (NYSE:MPLX). Credit Suisse Ag holds 0.02% or 615,842 shares.

Since September 13, 2017, it had 0 insider buys, and 2 selling transactions for $247,258 activity. Floerke Gregory Scott sold $74,000 worth of stock or 2,000 shares.

Virtu Financial Llc, which manages about $618.84M US Long portfolio, upped its stake in Spdr Gold Trust (GLD) by 427,694 shares to 431,094 shares, valued at $44.58 million in 2017Q3, according to the filing. It also increased its holding in Proshares Tr Ii by 16,217 shares in the quarter, for a total of 20,682 shares, and has risen its stake in Powershs Db Us Dollar Index (UDN).

Among 20 analysts covering MPLX LP (NYSE:MPLX), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. MPLX LP had 54 analyst reports since October 20, 2015 according to SRatingsIntel. The stock of MPLX LP (NYSE:MPLX) has “Buy” rating given on Thursday, October 5 by Stifel Nicolaus. Mizuho upgraded the shares of MPLX in report on Wednesday, January 4 to “Buy” rating. The firm has “Buy” rating given on Monday, August 14 by Jefferies. Howard Weil upgraded MPLX LP (NYSE:MPLX) on Tuesday, December 15 to “Sector Outperform” rating. The firm has “Buy” rating by UBS given on Friday, October 27. The stock of MPLX LP (NYSE:MPLX) earned “Hold” rating by Guggenheim on Monday, December 18. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, April 29. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 26 report. The rating was initiated by Mizuho on Friday, September 30 with “Neutral”. The stock of MPLX LP (NYSE:MPLX) earned “Buy” rating by RBC Capital Markets on Friday, July 28.

Among 10 analysts covering Whirlpool (NYSE:WHR), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Whirlpool had 28 analyst reports since August 13, 2015 according to SRatingsIntel. As per Tuesday, October 24, the company rating was downgraded by Bank of America. The stock of Whirlpool Corporation (NYSE:WHR) has “Buy” rating given on Tuesday, October 27 by Gabelli. The stock of Whirlpool Corporation (NYSE:WHR) earned “Hold” rating by Credit Suisse on Tuesday, October 24. The firm has “Top Pick” rating by RBC Capital Markets given on Monday, October 26. The firm has “Buy” rating given on Monday, December 7 by M Partners. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, January 27. The stock of Whirlpool Corporation (NYSE:WHR) has “Buy” rating given on Thursday, October 12 by KeyBanc Capital Markets. RBC Capital Markets maintained Whirlpool Corporation (NYSE:WHR) rating on Thursday, September 7. RBC Capital Markets has “Buy” rating and $209.0 target. The rating was downgraded by Gabelli on Monday, September 12 to “Hold”. The company was maintained on Monday, October 9 by RBC Capital Markets.

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