Mplx Lp (NYSE:MPLX) Given Average Rating of “Hold” by Analysts

Shares of Mplx Lp (NYSE:MPLX – Get Rating) have been given an average rating of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $38.60.

A number of brokerages have issued reports on MPLX. StockNews.com started coverage on Mplx in a report on Thursday, May 18th. They set a “buy” rating for the company. JPMorgan Chase & Co. raised shares of Mplx from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $41.00 in a report on Tuesday, March 14th. Citigroup increased their price objective on shares of Mplx from $33.50 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, February 7th. Raymond James decreased their price objective on Mplx from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Finally, Morgan Stanley increased their price objective on Mplx from $41.00 to $42.00 in a research report on Tuesday, April 25th.

Mplx Price Performance

MPLX stock opened at $34.20 on Wednesday. Mplx has a 12-month low of $27.47 and a 12-month high of $35.37. The company has a 50 day moving average of $34.36 and a two-hundred day moving average of $33.97. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 1.69. The company has a market cap of $34.24 billion, a price-to-earnings ratio of 8.81 and a beta of 1.43.

Mplx (NYSE:MPLX – Get Rating) last announced its earnings results on Tuesday, May 2nd. The pipeline company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.60 billion. Mplx had a net margin of 34.67% and a return on equity of 30.74%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, equities analysts anticipate that Mplx will post 3.56 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, May 5th were issued a $0.775 dividend. The ex-dividend date was Thursday, May 4th. This represents a $3.10 annualized dividend and a yield of 9.06%. Mplx’s dividend payout ratio is currently 79.90%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Newman Dignan & Sheerar Inc. boosted its stake in Mplx by 3.8% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 8,300 shares of the pipeline company’s stock worth $273,000 after purchasing an additional 300 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Mplx by 4.5% in the 1st quarter. Wesbanco Bank Inc. now owns 6,912 shares of the pipeline company’s stock valued at $238,000 after acquiring an additional 300 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Mplx by 3.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,534 shares of the pipeline company’s stock valued at $280,000 after acquiring an additional 303 shares in the last quarter. Prospera Financial Services Inc lifted its position in Mplx by 1.2% in the 1st quarter. Prospera Financial Services Inc now owns 26,220 shares of the pipeline company’s stock valued at $903,000 after acquiring an additional 308 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in Mplx by 0.4% during the 4th quarter. First Republic Investment Management Inc. now owns 80,866 shares of the pipeline company’s stock valued at $2,656,000 after acquiring an additional 336 shares during the period. 23.62% of the stock is owned by institutional investors.

Mplx Company Profile

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MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.