Equities analysts expect that Mplx Lp (NYSE:MPLX) will post sales of $1.72 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Mplx’s earnings. The lowest sales estimate is $1.66 billion and the highest is $1.77 billion. Mplx reported sales of $1.42 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 21.1%. The business is scheduled to issue its next earnings results on Monday, April 29th.
According to Zacks, analysts expect that Mplx will report full year sales of $7.05 billion for the current financial year, with estimates ranging from $6.95 billion to $7.16 billion. For the next financial year, analysts anticipate that the business will post sales of $8.03 billion, with estimates ranging from $7.73 billion to $8.33 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Mplx.
Mplx (NYSE:MPLX) last released its quarterly earnings results on Thursday, February 7th. The pipeline company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.16). Mplx had a net margin of 28.30% and a return on equity of 26.12%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 58.1% on a year-over-year basis.
MPLX stock opened at $33.31 on Wednesday. Mplx has a fifty-two week low of $28.32 and a fifty-two week high of $39.01. The firm has a market cap of $25.91 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 2.14 and a beta of 1.34. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 1.85.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Tuesday, February 5th will be paid a $0.6475 dividend. This is a boost from Mplx’s previous quarterly dividend of $0.64. This represents a $2.59 annualized dividend and a dividend yield of 7.78%. The ex-dividend date is Monday, February 4th. Mplx’s dividend payout ratio (DPR) is 113.10%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC acquired a new stake in shares of Mplx in the 4th quarter valued at $28,000. We Are One Seven LLC acquired a new stake in shares of Mplx in the 4th quarter valued at $52,000. IFP Advisors Inc increased its stake in shares of Mplx by 65.0% in the 4th quarter. IFP Advisors Inc now owns 2,543 shares of the pipeline company’s stock valued at $77,000 after buying an additional 1,002 shares during the period. Whittier Trust Co. increased its stake in shares of Mplx by 11,150.0% in the 4th quarter. Whittier Trust Co. now owns 3,150 shares of the pipeline company’s stock valued at $95,000 after buying an additional 3,122 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Mplx in the 3rd quarter valued at $104,000. 31.28% of the stock is owned by institutional investors.
MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.
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