Mplx Lp (NYSE:MPLX) Given Average Recommendation of “Moderate Buy” by Analysts

Mplx Lp (NYSE:MPLXGet Rating) has earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $38.14.

Several research analysts have recently weighed in on MPLX shares. UBS Group cut their price objective on shares of Mplx from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, July 8th. US Capital Advisors lowered shares of Mplx from an “overweight” rating to a “hold” rating in a report on Tuesday, July 26th.

Mplx Trading Down 2.0 %

Shares of MPLX stock opened at $31.12 on Friday. The firm has a market cap of $31.50 billion, a P/E ratio of 9.94 and a beta of 1.52. Mplx has a 1-year low of $27.47 and a 1-year high of $35.49. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.74 and a quick ratio of 0.68. The firm’s 50-day simple moving average is $32.10 and its 200-day simple moving average is $31.95.

Mplx (NYSE:MPLXGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The pipeline company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.59 billion. Mplx had a net margin of 30.73% and a return on equity of 28.66%. The company’s revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. As a group, equities analysts forecast that Mplx will post 3.28 EPS for the current year.

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were issued a $0.705 dividend. The ex-dividend date was Thursday, August 4th. This represents a $2.82 annualized dividend and a yield of 9.06%. Mplx’s dividend payout ratio (DPR) is currently 90.10%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MPLX. Bank of America Corp DE lifted its holdings in shares of Mplx by 19.9% during the first quarter. Bank of America Corp DE now owns 14,397,878 shares of the pipeline company’s stock worth $477,722,000 after buying an additional 2,389,661 shares during the last quarter. ING Groep NV lifted its holdings in shares of Mplx by 34.0% during the first quarter. ING Groep NV now owns 3,661,500 shares of the pipeline company’s stock worth $121,489,000 after buying an additional 929,000 shares during the last quarter. Energy Income Partners LLC acquired a new position in shares of Mplx during the fourth quarter worth approximately $25,743,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Mplx by 610.5% during the first quarter. BNP Paribas Arbitrage SA now owns 969,330 shares of the pipeline company’s stock worth $32,162,000 after buying an additional 832,907 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of Mplx by 3.9% during the second quarter. Alps Advisors Inc. now owns 20,221,790 shares of the pipeline company’s stock worth $589,465,000 after buying an additional 760,557 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

About Mplx

(Get Rating)

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate.

See Also

Analyst Recommendations for Mplx (NYSE:MPLX)

Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.