Mplx Lp (NYSE:MPLX) Receives $45.75 Consensus Target Price from Analysts

Shares of Mplx Lp (NYSE:MPLX) have been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $45.75.

MPLX has been the subject of a number of recent analyst reports. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a report on Friday. Truist Financial increased their price target on Mplx from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Stifel Nicolaus increased their price target on Mplx from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Barclays increased their price target on Mplx from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. increased their price target on Mplx from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd.

Mplx Trading Up 1.6 %

MPLX stock opened at $43.09 on Wednesday. The company has a market cap of $43.79 billion, a P/E ratio of 11.11, a PEG ratio of 2.16 and a beta of 1.37. Mplx has a twelve month low of $34.32 and a twelve month high of $43.42. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $41.66 and a 200-day moving average of $40.50.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.89 billion. Mplx had a return on equity of 31.70% and a net margin of 34.96%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, equities research analysts expect that Mplx will post 4.02 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Mplx by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,463,737 shares of the pipeline company’s stock valued at $237,348,000 after purchasing an additional 154,529 shares during the last quarter. Chickasaw Capital Management LLC boosted its position in Mplx by 2.5% during the second quarter. Chickasaw Capital Management LLC now owns 5,545,393 shares of the pipeline company’s stock valued at $236,178,000 after purchasing an additional 136,013 shares during the last quarter. Energy Income Partners LLC boosted its position in Mplx by 5.1% during the first quarter. Energy Income Partners LLC now owns 5,224,918 shares of the pipeline company’s stock valued at $217,148,000 after purchasing an additional 255,211 shares during the last quarter. Clearbridge Investments LLC boosted its position in Mplx by 4.0% during the first quarter. Clearbridge Investments LLC now owns 5,200,759 shares of the pipeline company’s stock valued at $216,144,000 after purchasing an additional 201,500 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Mplx by 23.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,028,327 shares of the pipeline company’s stock valued at $111,200,000 after buying an additional 574,737 shares during the period. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Company Profile

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, 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 renewables; and sale of residue gas and condensate.