Mplx Lp (NYSE:MPLX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Mplx Lp (NYSE:MPLX) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $58.2857.

MPLX has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Mplx from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Citigroup boosted their price target on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Royal Bank Of Canada upped their price target on Mplx from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, November 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $57.00 price objective on shares of Mplx in a report on Monday, December 1st. Finally, Raymond James Financial lowered Mplx from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th.

Institutional Trading of Mplx

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Solstein Capital LLC acquired a new stake in Mplx during the third quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC bought a new position in shares of Mplx during the 2nd quarter worth approximately $26,000. FSC Wealth Advisors LLC acquired a new stake in Mplx in the 2nd quarter valued at $29,000. Operose Advisors LLC grew its position in Mplx by 216.2% in the second quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Finally, EQ Wealth Advisors LLC acquired a new position in Mplx during the fourth quarter worth $32,000. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Up 1.2%

Shares of MPLX stock opened at $58.88 on Thursday. Mplx has a 12 month low of $44.60 and a 12 month high of $59.25. The firm has a market cap of $59.89 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 5.22 and a beta of 0.57. The stock has a 50 day moving average of $55.05 and a 200-day moving average of $52.60. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 1.66.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.07. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.23 billion. Mplx had a net margin of 37.79% and a return on equity of 34.56%. Mplx’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. On average, equities analysts predict that Mplx will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were paid a $1.0765 dividend. The ex-dividend date was Monday, February 9th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.3%. Mplx’s dividend payout ratio is currently 89.42%.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.