Mplx Lp (MPLX) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts hold a moderately positive view of MPLX: Seven of 14 analysts rate the stock “hold,” six rate it “buy,” and one gives it a “strong buy.” The average 12-month price target is $63.80 versus a recent price of $58.60.
• Recent ratings have been mixed, with JPMorgan and Stifel initiating neutral or hold coverage, while RBC and Barclays raised their price targets and maintained bullish ratings; Wolfe Research downgraded the stock to “peer perform.”
• Institutional interest is growing: Energy Income Partners made a new $303.1 million investment, while NEOS Investment Management increased its position by 45.5%. MPLX recently met quarterly EPS estimates at $1.06, and revenue rose 10.3% year over year to $3.13 billion.

Mplx Lp (NYSE:MPLX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $63.80.

A number of research analysts have recently weighed in on MPLX shares. JPMorgan Chase & Co. assumed coverage on Mplx in a research note on Tuesday, October 20th. They issued a "neutral" rating and a $62.00 price target on the stock. Stifel Nicolaus began coverage on shares of Mplx in a research note on Thursday, September 10th. They issued a "hold" rating and a $65.00 target price for the company. Royal Bank Of Canada raised their price target on Mplx from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Friday, August 21st. Barclays upped their price target on shares of Mplx from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Finally, Wolfe Research downgraded shares of Mplx from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 29th.

Institutional Trading of Mplx

A number of institutional investors have recently made changes to their positions in the business. Energy Income Partners LLC bought a new position in Mplx in the second quarter valued at $303,072,000. Bank of New York Mellon Corp bought a new stake in Mplx during the 2nd quarter worth about $1,094,000. Attessa Capital LLC bought a new stake in Mplx during the 2nd quarter worth about $1,042,000. NEOS Investment Management LLC lifted its position in Mplx by 45.5% during the 2nd quarter. NEOS Investment Management LLC now owns 486,025 shares of the pipeline company's stock worth $27,378,000 after buying an additional 152,041 shares in the last quarter. Finally, Militia Capital Management LLC acquired a new position in shares of Mplx during the 1st quarter worth about $3,824,000. Institutional investors own 24.25% of the company's stock.

Mplx Trading Down 0.9%

Shares of NYSE MPLX opened at $58.60 on Tuesday. The company's 50 day simple moving average is $58.38 and its 200 day simple moving average is $57.06. Mplx has a fifty-two week low of $50.22 and a fifty-two week high of $60.95. The firm has a market capitalization of $59.41 billion, a P/E ratio of 12.60, a P/E/G ratio of 5.63 and a beta of 0.49. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.89 and a quick ratio of 0.83.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.14 billion. During the same period last year, the firm earned $1.03 earnings per share. The business's revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts predict that Mplx will post 4.25 EPS for the current year.

About Mplx

MPLX LP NYSE: MPLX is a master limited partnership that owns and operates midstream energy infrastructure in the United States. The company provides services for the gathering, processing, transportation, storage and marketing of crude oil, natural gas and natural gas liquids (NGLs).

MPLX's assets include crude oil and refined-products pipelines, natural gas gathering and processing systems, NGL fractionation facilities, storage terminals and marine transportation infrastructure. Through its logistics and storage operations, the company supports the movement of hydrocarbons from producing regions to refineries, export facilities and other domestic markets.

The company serves several major U.S.

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