Mplx Lp (NYSE:MPLX) Receives Average Rating of “Moderate Buy” from Brokerages

Mplx Lp (NYSE:MPLXGet Free Report) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $43.86.

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Raymond James increased their price target on Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. Royal Bank of Canada raised their target price on Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, UBS Group raised their target price on Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 12th.

Get Our Latest Stock Analysis on Mplx

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System grew its stake in Mplx by 1.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 299,401 shares of the pipeline company’s stock worth $11,951,000 after buying an additional 4,739 shares during the last quarter. Norden Group LLC purchased a new position in Mplx during the 1st quarter worth approximately $356,000. HFG Advisors Inc. purchased a new position in Mplx during the 1st quarter worth approximately $264,000. Register Financial Advisors LLC purchased a new position in shares of Mplx in the 1st quarter valued at approximately $42,000. Finally, Howard Financial Services LTD. purchased a new position in shares of Mplx in the 1st quarter valued at approximately $849,000. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of Mplx stock opened at $40.68 on Monday. The business has a 50-day moving average of $40.27 and a 200 day moving average of $37.80. Mplx has a 12 month low of $33.12 and a 12 month high of $42.89. The stock has a market capitalization of $41.12 billion, a price-to-earnings ratio of 10.68 and a beta of 1.35. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.01.

Mplx (NYSE:MPLXGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.88 billion. Mplx had a return on equity of 31.85% and a net margin of 34.82%. Mplx’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. As a group, sell-side analysts forecast that Mplx will post 4.11 earnings per share for the current year.

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $3.40 dividend on an annualized basis and a yield of 8.36%. Mplx’s dividend payout ratio is presently 89.24%.

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, 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.

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Analyst Recommendations for Mplx (NYSE:MPLX)

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