Shares of Mplx Lp (NYSE:MPLX) have received a consensus rating of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $41.82.
Several analysts recently commented on MPLX shares. Zacks Investment Research lowered Mplx from a “buy” rating to a “hold” rating in a report on Thursday, July 5th. ValuEngine lowered Mplx from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Jefferies Financial Group raised Mplx from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Finally, Stifel Nicolaus lifted their price objective on Mplx from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 27th.
Large investors have recently added to or reduced their stakes in the business. Northwest Wealth Management LLC bought a new stake in Mplx during the second quarter valued at about $120,000. Cerebellum GP LLC bought a new stake in Mplx during the second quarter valued at about $174,000. Destination Wealth Management grew its holdings in Mplx by 319.9% during the second quarter. Destination Wealth Management now owns 5,614 shares of the pipeline company’s stock valued at $192,000 after purchasing an additional 4,277 shares during the period. Searle & CO. bought a new stake in Mplx during the second quarter valued at about $201,000. Finally, Schmidt P J Investment Management Inc. bought a new stake in Mplx during the second quarter valued at about $205,000. 31.22% of the stock is owned by institutional investors and hedge funds.
Shares of Mplx stock traded down $0.54 on Friday, reaching $35.49. The company’s stock had a trading volume of 1,394,700 shares, compared to its average volume of 1,725,477. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 1.71. Mplx has a 52 week low of $31.60 and a 52 week high of $39.38. The firm has a market cap of $28.86 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.62 and a beta of 1.38.
Mplx (NYSE:MPLX) last issued its quarterly earnings data on Thursday, July 26th. The pipeline company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.02). Mplx had a return on equity of 14.43% and a net margin of 24.22%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue was up 72.3% on a year-over-year basis. equities research analysts forecast that Mplx will post 2.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Monday, August 6th were issued a dividend of $0.627 per share. This represents a $2.51 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend was Friday, August 3rd. This is a positive change from Mplx’s previous quarterly dividend of $0.44. Mplx’s payout ratio is currently 236.79%.
Mplx Company Profile
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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