Mplx Lp (NYSE:MPLX - Get Free Report) has earned a consensus rating of "Buy" from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $47.38.
Several brokerages have commented on MPLX. Royal Bank of Canada reaffirmed an "outperform" rating and set a $47.00 target price on shares of Mplx in a report on Wednesday, August 28th. Barclays cut their price objective on Mplx from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. StockNews.com downgraded shares of Mplx from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. UBS Group boosted their price target on shares of Mplx from $49.00 to $51.00 and gave the stock a "buy" rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company upped their price objective on shares of Mplx from $47.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th.
View Our Latest Report on MPLX
Shares of Mplx stock opened at $44.66 on Monday. The firm has a market capitalization of $45.38 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.41. The firm's 50 day moving average is $42.96 and its 200 day moving average is $41.98. Mplx has a 1 year low of $34.85 and a 1 year high of $45.24.
Mplx (NYSE:MPLX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.17. Mplx had a return on equity of 32.68% and a net margin of 35.95%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the company posted $0.91 EPS. Mplx's quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts forecast that Mplx will post 4.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date was Friday, August 9th. Mplx's payout ratio is currently 87.63%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quent Capital LLC bought a new stake in Mplx during the 1st quarter valued at $35,000. Pacifica Partners Inc. bought a new position in Mplx in the first quarter worth about $41,000. Crewe Advisors LLC purchased a new position in Mplx during the 1st quarter valued at about $41,000. Register Financial Advisors LLC purchased a new position in shares of Mplx in the 1st quarter worth about $42,000. Finally, CWM LLC lifted its holdings in shares of Mplx by 73.3% during the second quarter. CWM LLC now owns 1,066 shares of the pipeline company's stock valued at $45,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 24.25% of the company's stock.
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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