Mplx (NYSE:MPLX) PT Raised to $49.00

Mplx (NYSE:MPLX) had its price objective upped by UBS Group from $46.00 to $49.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the pipeline company’s stock.

MPLX has been the topic of a number of other reports. Royal Bank of Canada boosted their price target on shares of Mplx from $45.00 to $46.00 and gave the company an outperform rating in a research note on Wednesday, January 31st. StockNews.com raised shares of Mplx from a buy rating to a strong-buy rating in a research note on Wednesday, January 31st. Raymond James upped their target price on shares of Mplx from $44.00 to $45.00 and gave the stock an outperform rating in a research note on Wednesday, January 31st. Finally, Barclays upped their target price on shares of Mplx from $40.00 to $43.00 and gave the stock an overweight rating in a research note on Friday, April 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mplx presently has a consensus rating of Buy and an average target price of $43.86.

Mplx Price Performance

Mplx stock opened at $39.86 on Friday. The company’s 50 day simple moving average is $40.07 and its 200-day simple moving average is $37.67. The company has a market capitalization of $40.29 billion, a price-to-earnings ratio of 10.46 and a beta of 1.35. Mplx has a 1 year low of $33.12 and a 1 year high of $42.89. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.01 and a current ratio of 1.07.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.88 billion. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. As a group, equities research analysts expect that Mplx will post 4.1 earnings per share for the current year.

Mplx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 8.53%. The ex-dividend date of this dividend was Friday, February 2nd. Mplx’s dividend payout ratio (DPR) is presently 89.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC acquired a new position in shares of Mplx in the 3rd quarter valued at $33,000. PSI Advisors LLC boosted its holdings in shares of Mplx by 63.6% in the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock valued at $33,000 after buying an additional 350 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of Mplx in the 2nd quarter valued at $33,000. HBC Financial Services PLLC acquired a new position in shares of Mplx in the 4th quarter valued at $36,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Mplx in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Company Profile

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, 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 renewables; and sale of residue gas and condensate.