Mplx Lp (NYSE:MPLX – Get Rating) has received an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $38.14.
Several analysts recently issued reports on MPLX shares. UBS Group cut their target price on Mplx from $41.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, July 8th. US Capital Advisors cut Mplx from an "overweight" rating to a "hold" rating in a research report on Tuesday, July 26th.
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Institutional Investors Weigh In On Mplx
Several institutional investors have recently modified their holdings of MPLX. Ronald Blue Trust Inc. bought a new stake in shares of Mplx in the 2nd quarter valued at approximately $31,000. Chilton Capital Management LLC bought a new stake in shares of Mplx in the 4th quarter valued at approximately $32,000. MCF Advisors LLC bought a new stake in shares of Mplx in the 1st quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Mplx in the 1st quarter valued at approximately $38,000. Finally, HM Payson & Co. lifted its stake in shares of Mplx by 34.9% during the 1st quarter. HM Payson & Co. now owns 2,108 shares of the pipeline company's stock worth $70,000 after acquiring an additional 545 shares during the last quarter. 23.62% of the stock is owned by institutional investors.
Mplx Stock Performance
Shares of MPLX opened at $32.94 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.63. The business has a 50-day simple moving average of $31.75 and a two-hundred day simple moving average of $31.97. The stock has a market cap of $33.35 billion, a price-to-earnings ratio of 10.52 and a beta of 1.52. Mplx has a 52 week low of $27.43 and a 52 week high of $35.49.
Mplx (NYSE:MPLX – Get Rating) last released its earnings results on Tuesday, August 2nd. The pipeline company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. Mplx had a return on equity of 28.66% and a net margin of 30.73%. The firm had revenue of $2.94 billion during the quarter, compared to analysts' expectations of $2.59 billion. During the same quarter last year, the business posted $0.66 earnings per share. The firm's revenue was up 22.8% on a year-over-year basis. On average, analysts expect that Mplx will post 3.25 EPS for the current year.
Mplx Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were paid a $0.705 dividend. This represents a $2.82 annualized dividend and a dividend yield of 8.56%. The ex-dividend date of this dividend was Thursday, August 4th. Mplx's payout ratio is 90.10%.
Mplx Company Profile
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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, exchange, 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 sale of residue gas and condensate.
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