Mplx Lp (NYSE:MPLX – Get Rating) has been given an average rating of "Moderate Buy" by the nine analysts 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 12 month price target among brokers that have issued a report on the stock in the last year is $38.14.
Several research analysts recently weighed in on the stock. US Capital Advisors cut shares of Mplx from an "overweight" rating to a "hold" rating in a research report on Tuesday, July 26th. UBS Group decreased their price objective on shares of Mplx from $41.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, July 8th.
Get Mplx alerts:Mplx Trading Down 0.3 %
Shares of MPLX opened at $32.41 on Friday. The business's 50-day moving average price is $31.95 and its 200-day moving average price is $31.96. Mplx has a twelve month low of $27.47 and a twelve month high of $35.49. The stock has a market cap of $32.81 billion, a PE ratio of 10.35 and a beta of 1.52. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.63.
Mplx (NYSE:MPLX – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The pipeline company reported $0.83 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.59 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company's revenue was up 22.8% on a year-over-year basis. On average, equities analysts forecast that Mplx will post 3.28 EPS for the current fiscal year.Mplx Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were given a dividend of $0.705 per share. This represents a $2.82 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date was Thursday, August 4th. Mplx's payout ratio is currently 90.10%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Ronald Blue Trust Inc. bought a new position in Mplx during the second quarter valued at approximately $31,000. Chilton Capital Management LLC bought a new position in Mplx during the fourth quarter valued at approximately $32,000. MCF Advisors LLC bought a new position in Mplx during the first quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. bought a new position in Mplx during the first quarter valued at approximately $38,000. Finally, HM Payson & Co. boosted its stake in shares of Mplx by 34.9% during the first quarter. HM Payson & Co. now owns 2,108 shares of the pipeline company's stock valued at $70,000 after purchasing an additional 545 shares during the period. 23.62% of the stock is currently owned by institutional investors.
About Mplx
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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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