Shares of Mplx Lp (NYSE:MPLX) have been given a consensus rating of “Buy” by the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $41.70.
A number of brokerages have recently commented on MPLX. ValuEngine raised shares of Mplx from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 26th. Zacks Investment Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Stifel Nicolaus lifted their price objective on shares of Mplx from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Goldman Sachs Group reissued a “neutral” rating on shares of Mplx in a research report on Tuesday, October 9th. Finally, Credit Suisse Group initiated coverage on shares of Mplx in a research report on Thursday, October 11th. They issued an “outperform” rating and a $45.00 price objective for the company.
Several large investors have recently bought and sold shares of MPLX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Mplx during the second quarter worth $153,497,000. Salient Capital Advisors LLC raised its holdings in Mplx by 60.6% during the second quarter. Salient Capital Advisors LLC now owns 7,447,362 shares of the pipeline company’s stock worth $254,253,000 after buying an additional 2,810,467 shares during the last quarter. Chickasaw Capital Management LLC raised its holdings in Mplx by 74.1% during the third quarter. Chickasaw Capital Management LLC now owns 5,708,264 shares of the pipeline company’s stock worth $197,963,000 after buying an additional 2,430,097 shares during the last quarter. Virtus ETF Advisers LLC acquired a new position in Mplx during the third quarter worth $72,713,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Mplx during the third quarter worth $63,691,000. 31.57% of the stock is currently owned by institutional investors.
Mplx stock traded up $0.09 during mid-day trading on Friday, reaching $33.89. The company’s stock had a trading volume of 175,193 shares, compared to its average volume of 1,654,279. Mplx has a 12 month low of $31.60 and a 12 month high of $39.38. The company has a market cap of $26.83 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 2.33 and a beta of 1.30. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 1.85.
Mplx (NYSE:MPLX) last announced its quarterly earnings data on Thursday, November 1st. The pipeline company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Mplx had a net margin of 27.99% and a return on equity of 21.03%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm posted $0.29 EPS. The company’s quarterly revenue was up 74.7% on a year-over-year basis. On average, equities research analysts forecast that Mplx will post 2.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Monday, November 5th were paid a $0.6375 dividend. This is a positive change from Mplx’s previous quarterly dividend of $0.44. This represents a $2.55 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date of this dividend was Friday, November 2nd. Mplx’s dividend payout ratio is currently 240.57%.
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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