Mplx Lp (NYSE:MPLX) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.50.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Mplx from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, February 6th. Evercore ISI assumed coverage on shares of Mplx in a research note on Tuesday, February 5th. They issued an “outperform” rating on the stock. ValuEngine raised shares of Mplx from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Credit Suisse Group reduced their price target on shares of Mplx from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 12th. Finally, Barclays reissued a “buy” rating and issued a $38.00 price target on shares of Mplx in a research note on Wednesday, March 13th.
Institutional investors have recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new stake in Mplx during the 1st quarter worth approximately $26,000. Lindbrook Capital LLC purchased a new stake in Mplx during the 4th quarter worth approximately $28,000. Legacy Advisors LLC purchased a new stake in Mplx during the 1st quarter worth approximately $44,000. Executive Wealth Management LLC purchased a new stake in Mplx during the 4th quarter worth approximately $46,000. Finally, We Are One Seven LLC purchased a new stake in Mplx during the 4th quarter worth approximately $52,000. 31.00% of the stock is currently owned by institutional investors and hedge funds.
NYSE:MPLX traded down $0.25 on Monday, hitting $31.75. The stock had a trading volume of 2,428,997 shares, compared to its average volume of 1,662,672. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.76 and a quick ratio of 0.69. The firm has a market capitalization of $25.21 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.17 and a beta of 1.30. Mplx has a 1-year low of $28.32 and a 1-year high of $39.01.
Mplx (NYSE:MPLX) last posted its earnings results on Thursday, February 7th. The pipeline company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.16). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Mplx had a net margin of 28.30% and a return on equity of 26.21%. The business’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities analysts anticipate that Mplx will post 2.51 earnings per share for the current fiscal year.
Mplx Company Profile
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. 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; and transportation, storage, and distribution of crude oil and refined petroleum products.
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