Mplx Lp (NYSE:MPLX) has been assigned an average recommendation of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $41.20.
Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Mplx from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. UBS Group lowered their price objective on shares of Mplx to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, February 7th. Bank of America reiterated a “neutral” rating and set a $41.00 price objective (up from $36.00) on shares of Mplx in a research report on Thursday, December 6th. ValuEngine upgraded shares of Mplx from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Citigroup lowered their price objective on shares of Mplx from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th.
Get Mplx alerts:Mplx stock traded up $0.02 during mid-day trading on Friday, hitting $33.18. The company’s stock had a trading volume of 1,461,439 shares, compared to its average volume of 1,892,685. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.70 and a current ratio of 0.77. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34. Mplx has a twelve month low of $28.32 and a twelve month high of $39.01.
Mplx (NYSE:MPLX) last posted its quarterly earnings results on Thursday, February 7th. The pipeline company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.16). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Mplx had a return on equity of 26.12% and a net margin of 28.30%. The company’s quarterly revenue was up 58.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. As a group, equities analysts predict that Mplx will post 2.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Tuesday, February 5th were given a dividend of $0.6475 per share. This represents a $2.59 annualized dividend and a yield of 7.81%. This is a boost from Mplx’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Monday, February 4th. Mplx’s payout ratio is presently 113.10%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC acquired a new stake in shares of Mplx during the 4th quarter valued at $28,000. Executive Wealth Management LLC acquired a new stake in shares of Mplx during the 4th quarter valued at $46,000. We Are One Seven LLC acquired a new stake in shares of Mplx during the 4th quarter valued at $52,000. IFP Advisors Inc boosted its stake in shares of Mplx by 65.0% during the 4th quarter. IFP Advisors Inc now owns 2,543 shares of the pipeline company’s stock valued at $77,000 after buying an additional 1,002 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Mplx during the 3rd quarter valued at $104,000. Hedge funds and other institutional investors own 30.78% of the company’s stock.
Mplx Company Profile
MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.
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