Deutsche Bank began coverage on shares of Mplx (NYSE:MPLX) in a report released on Thursday morning. The firm issued a buy rating and a $40.00 target price on the pipeline company’s stock.
Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Mplx from a hold rating to a buy rating and set a $39.00 price objective for the company in a research note on Tuesday, March 13th. Bank of America assumed coverage on Mplx in a research note on Tuesday, January 9th. They issued a buy rating for the company. Citigroup reiterated a buy rating and set a $46.00 price target on shares of Mplx in a research report on Friday, February 2nd. Stifel Nicolaus reiterated a buy rating and set a $45.00 price target on shares of Mplx in a research report on Thursday, February 1st. Finally, Mizuho set a $41.00 price target on Mplx and gave the company a buy rating in a research report on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $41.23.
Shares of NYSE:MPLX traded up $0.20 during trading on Thursday, hitting $34.09. The stock had a trading volume of 196,362 shares, compared to its average volume of 1,977,295. Mplx has a 12-month low of $30.88 and a 12-month high of $39.38. The stock has a market cap of $27,257.38, a price-to-earnings ratio of 31.97, a PEG ratio of 3.17 and a beta of 1.26. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of 0.70.
Mplx (NYSE:MPLX) last announced its quarterly earnings data on Thursday, February 1st. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). Mplx had a return on equity of 6.98% and a net margin of 17.90%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $937.04 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. equities analysts anticipate that Mplx will post 1.93 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. SWS Partners acquired a new stake in Mplx in the fourth quarter valued at approximately $149,000. Captrust Financial Advisors acquired a new stake in Mplx in the fourth quarter valued at approximately $179,000. Stuart Chaussee & Associates Inc. acquired a new stake in Mplx in the fourth quarter valued at approximately $195,000. American Century Companies Inc. acquired a new stake in Mplx in the fourth quarter valued at approximately $204,000. Finally, Quadrant Private Wealth Management LLC acquired a new stake in Mplx in the fourth quarter valued at approximately $227,000. 31.86% of the stock is currently owned by institutional investors.
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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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