Mplx Lp (NYSE:MPLX) Stock Rated “Moderate Buy” by Sell-Side Analysts

by · The Cerbat Gem

Shares of Mplx Lp (NYSE:MPLX – Get Free Report) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $63.80.

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Mplx from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Wolfe Research cut shares of Mplx from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 29th. Stifel Nicolaus began coverage on shares of Mplx in a research report on Thursday, September 10th. They issued a “hold” rating and a $65.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Mplx from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Mplx in a research report on Thursday, August 13th.

View Our Latest Research Report on MPLX

Mplx Trading Up 0.8%

Shares of NYSE:MPLX opened at $57.83 on Friday. The stock has a market capitalization of $58.63 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 5.46 and a beta of 0.49. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.83 and a current ratio of 0.89. The stock’s 50-day simple moving average is $58.75 and its two-hundred day simple moving average is $57.19. Mplx has a 52-week low of $47.80 and a 52-week high of $60.95.

Mplx (NYSE:MPLX – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Mplx had a net margin of 35.75% and a return on equity of 32.83%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts expect that Mplx will post 4.26 EPS for the current year.

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were issued a $1.0765 dividend. This represents a $4.31 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Friday, August 7th. Mplx’s dividend payout ratio (DPR) is currently 92.47%.

Institutional Trading of Mplx

Hedge funds have recently bought and sold shares of the stock. Energy Income Partners LLC bought a new position in Mplx in the 2nd quarter valued at $303,072,000. Bank of New York Mellon Corp bought a new stake in shares of Mplx during the second quarter worth $1,094,000. Attessa Capital LLC bought a new stake in shares of Mplx during the second quarter worth $1,042,000. Clearbridge Investments LLC boosted its stake in shares of Mplx by 7.9% during the fourth quarter. Clearbridge Investments LLC now owns 2,343,689 shares of the pipeline company’s stock valued at $125,083,000 after purchasing an additional 172,000 shares during the period. Finally, NEOS Investment Management LLC boosted its stake in shares of Mplx by 45.5% during the second quarter. NEOS Investment Management LLC now owns 486,025 shares of the pipeline company’s stock valued at $27,378,000 after purchasing an additional 152,041 shares during the period. Institutional investors own 24.25% of the company’s stock.

Mplx Company Profile

(Get Free Report)

MPLX LP (NYSE:MPLX) is a diversified master limited partnership that owns and operates midstream energy infrastructure in the United States. The company provides transportation, storage and logistics services for crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs), primarily under long-term commercial arrangements with energy producers, refiners and other customers.

MPLX’s assets include crude oil and refined-products pipelines, storage facilities, marine and inland waterway terminals, rail and truck transportation operations, and gathering and processing systems.

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