Goldman Sachs Group restated their neutral rating on shares of Mplx (NYSE:MPLX) in a research report report published on Tuesday.
Other equities analysts have also recently issued research reports about the company. ValuEngine raised Mplx from a strong sell rating to a sell rating in a research note on Thursday, July 26th. Stifel Nicolaus lifted their price target on Mplx from $42.00 to $44.00 and gave the stock a buy rating in a research note on Friday, July 27th. Jefferies Financial Group raised Mplx from a hold rating to a buy rating in a research note on Wednesday, July 18th. Finally, Zacks Investment Research raised Mplx from a hold rating to a buy rating and set a $38.00 price target on the stock in a research note on Wednesday, June 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $40.69.
Shares of MPLX opened at $35.08 on Tuesday. The stock has a market capitalization of $27.54 billion, a P/E ratio of 33.09, a P/E/G ratio of 2.50 and a beta of 1.39. Mplx has a 1-year low of $31.60 and a 1-year high of $39.38. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.55 and a current ratio of 0.61.
Mplx (NYSE:MPLX) last issued its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Mplx had a return on equity of 14.43% and a net margin of 24.22%. The company’s revenue for the quarter was up 72.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. As a group, equities analysts forecast that Mplx will post 2.31 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in MPLX. Kayne Anderson Capital Advisors LP boosted its position in Mplx by 3.2% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 11,121,082 shares of the pipeline company’s stock worth $367,426,000 after acquiring an additional 347,450 shares during the period. Northern Trust Corp boosted its position in Mplx by 2.3% during the 1st quarter. Northern Trust Corp now owns 216,316 shares of the pipeline company’s stock worth $7,147,000 after acquiring an additional 4,866 shares during the period. BNP Paribas Arbitrage SA boosted its position in Mplx by 285.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 31,651 shares of the pipeline company’s stock worth $1,046,000 after acquiring an additional 23,442 shares during the period. Koch Industries Inc. acquired a new stake in Mplx during the 1st quarter worth about $239,000. Finally, Commonwealth Equity Services LLC boosted its position in Mplx by 4.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 46,754 shares of the pipeline company’s stock worth $1,544,000 after acquiring an additional 1,874 shares during the period. Hedge funds and other institutional investors own 31.21% of the company’s stock.
Mplx Company Profile
MPLX LP is a fee-based, growth-oriented limited partnership company. It is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products.
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