Mplx Lp (NYSE:MPLX) Given Consensus Rating of “Moderate Buy” by Analysts

Mplx Lp (NYSE:MPLX) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $45.11.

Several equities research analysts recently weighed in on MPLX shares. UBS Group upped their price objective on shares of Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. StockNews.com cut Mplx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st. Barclays increased their target price on shares of Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Truist Financial increased their price objective on shares of Mplx from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Raymond James increased their price target on Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st.

Mplx Stock Down 0.3 %

Shares of MPLX opened at $41.65 on Friday. The business’s fifty day moving average price is $41.01 and its two-hundred day moving average price is $38.33. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.67 and a current ratio of 0.72. Mplx has a 52 week low of $33.12 and a 52 week high of $42.90. The firm has a market capitalization of $42.09 billion, a price-to-earnings ratio of 10.73 and a beta of 1.35.

Mplx (NYSE:MPLX) last posted its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.01). Mplx had a return on equity of 31.70% and a net margin of 34.96%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, analysts predict that Mplx will post 4.06 earnings per share for the current year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date is Thursday, May 2nd. Mplx’s payout ratio is 87.63%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MPLX. Quent Capital LLC purchased a new position in Mplx during the first quarter valued at approximately $35,000. PSI Advisors LLC raised its position in shares of Mplx by 63.6% during the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock valued at $33,000 after buying an additional 350 shares in the last quarter. JFS Wealth Advisors LLC bought a new stake in Mplx during the third quarter worth about $33,000. HBC Financial Services PLLC purchased a new stake in Mplx in the fourth quarter worth approximately $36,000. Finally, Pacifica Partners Inc. bought a new position in shares of Mplx during the 1st quarter valued at $41,000. Institutional investors own 24.25% of the company’s stock.

Mplx Company Profile

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.