Mplx Lp (NYSE:MPLX) – Jefferies Group boosted their Q1 2018 earnings estimates for shares of Mplx in a report released on Monday. Jefferies Group analyst C. Goldman now expects that the pipeline company will earn $0.50 per share for the quarter, up from their prior estimate of $0.49. Jefferies Group currently has a “Hold” rating and a $38.00 target price on the stock. Jefferies Group also issued estimates for Mplx’s Q2 2018 earnings at $0.40 EPS, FY2018 earnings at $1.72 EPS, FY2019 earnings at $1.84 EPS, FY2020 earnings at $1.95 EPS, FY2021 earnings at $2.02 EPS and FY2022 earnings at $2.10 EPS.

Several other equities research analysts also recently weighed in on the stock. UBS Group lifted their price target on shares of Mplx from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus decreased their target price on shares of Mplx from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Mizuho reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Mplx in a research report on Friday, October 20th. Barclays reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Mplx in a research report on Thursday, October 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Mplx in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.91.

Mplx (NYSE MPLX) opened at $35.67 on Wednesday. The company has a market cap of $15,032.35, a price-to-earnings ratio of 34.47, a PEG ratio of 2.74 and a beta of 1.31. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.54. Mplx has a fifty-two week low of $30.88 and a fifty-two week high of $39.43.

Mplx (NYSE:MPLX) last posted its earnings results on Thursday, February 1st. The pipeline company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $937.04 million. Mplx had a return on equity of 6.99% and a net margin of 17.90%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be paid a $0.6075 dividend. This represents a $2.43 dividend on an annualized basis and a yield of 6.81%. This is a boost from Mplx’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, February 2nd. Mplx’s payout ratio is presently 231.43%.

In other Mplx news, VP Gregory Scott Floerke sold 2,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.00, for a total value of $74,000.00. Following the transaction, the vice president now directly owns 77,598 shares in the company, valued at $2,871,126. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 8,000 shares of company stock worth $284,760.

Hedge funds have recently made changes to their positions in the stock. Spirit of America Management Corp NY lifted its stake in shares of Mplx by 8.4% during the 3rd quarter. Spirit of America Management Corp NY now owns 739,479 shares of the pipeline company’s stock valued at $25,889,000 after buying an additional 57,400 shares in the last quarter. Heronetta Management L.P. lifted its stake in shares of Mplx by 6.7% during the 3rd quarter. Heronetta Management L.P. now owns 262,837 shares of the pipeline company’s stock valued at $9,202,000 after buying an additional 16,400 shares in the last quarter. HITE Hedge Asset Management LLC lifted its stake in shares of Mplx by 25.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 43,965 shares of the pipeline company’s stock valued at $1,539,000 after buying an additional 8,850 shares in the last quarter. Harvest Fund Advisors LLC lifted its stake in shares of Mplx by 2.4% during the 3rd quarter. Harvest Fund Advisors LLC now owns 16,963,387 shares of the pipeline company’s stock valued at $593,888,000 after buying an additional 402,273 shares in the last quarter. Finally, Brookfield Asset Management Inc. lifted its stake in shares of Mplx by 20.0% during the 2nd quarter. Brookfield Asset Management Inc. now owns 1,546,604 shares of the pipeline company’s stock valued at $51,657,000 after buying an additional 257,907 shares in the last quarter. Institutional investors own 63.96% of the company’s stock.

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About Mplx

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.

Earnings History and Estimates for Mplx (NYSE:MPLX)

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