Mplx Lp (NYSE:MPLX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Mplx Lp (NYSE:MPLXGet Free Report) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.43.

Several equities research analysts have commented on the stock. Raymond James boosted their target price on shares of Mplx from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group initiated coverage on shares of Mplx in a research note on Thursday, October 5th. They issued a “buy” rating and a $40.00 target price for the company. Finally, began coverage on Mplx in a report on Thursday, October 5th. They issued a “buy” rating for the company.

View Our Latest Report on Mplx

Institutional Trading of Mplx

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Alliance boosted its stake in Mplx by 4.1% in the fourth quarter. Wealth Alliance now owns 15,155 shares of the pipeline company’s stock worth $556,000 after purchasing an additional 595 shares in the last quarter. VELA Investment Management LLC bought a new position in shares of Mplx during the fourth quarter worth about $295,000. Capital Advisors Inc. OK acquired a new position in Mplx during the fourth quarter valued at approximately $2,878,000. HBC Financial Services PLLC acquired a new position in Mplx during the fourth quarter valued at approximately $36,000. Finally, Cerity Partners LLC acquired a new position in Mplx during the fourth quarter valued at approximately $321,000. 22.43% of the stock is currently owned by institutional investors.

Mplx Stock Up 1.2 %

Shares of NYSE:MPLX opened at $38.51 on Wednesday. The firm’s 50 day moving average price is $36.70 and its 200 day moving average price is $35.78. The stock has a market cap of $38.55 billion, a price-to-earnings ratio of 11.03 and a beta of 1.37. Mplx has a fifty-two week low of $33.03 and a fifty-two week high of $38.71. The company has a quick ratio of 1.85, a current ratio of 1.96 and a debt-to-equity ratio of 1.65.

Mplx (NYSE:MPLXGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Mplx had a net margin of 32.89% and a return on equity of 29.72%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. As a group, equities research analysts predict that Mplx will post 3.64 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be issued a $0.85 dividend. The ex-dividend date is Friday, February 2nd. This represents a $3.40 annualized dividend and a yield of 8.83%. Mplx’s dividend payout ratio (DPR) is currently 97.42%.

Mplx Company Profile

(Get Free Report

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate.

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Analyst Recommendations for Mplx (NYSE:MPLX)

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