Free Trial

Mplx Lp (NYSE:MPLX) Given Consensus Rating of "Moderate Buy" by Analysts

Mplx logo with Energy background

Shares of Mplx Lp (NYSE:MPLX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $55.50.

MPLX has been the subject of several recent research reports. Barclays cut their price target on Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Royal Bank Of Canada upped their price target on shares of Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Finally, Morgan Stanley increased their price objective on Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th.

Get Our Latest Analysis on Mplx

Hedge Funds Weigh In On Mplx

Hedge funds have recently modified their holdings of the company. Northstar Advisory Group LLC bought a new stake in Mplx during the second quarter worth about $464,000. Atwood & Palmer Inc. bought a new position in Mplx in the second quarter worth approximately $301,000. Adams Asset Advisors LLC lifted its stake in shares of Mplx by 7.1% during the 2nd quarter. Adams Asset Advisors LLC now owns 209,589 shares of the pipeline company's stock valued at $10,796,000 after buying an additional 13,829 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Mplx by 38.7% during the 2nd quarter. Wesbanco Bank Inc. now owns 12,230 shares of the pipeline company's stock valued at $630,000 after buying an additional 3,411 shares in the last quarter. Finally, Somerset Trust Co bought a new stake in Mplx in the 2nd quarter valued at $264,000. Hedge funds and other institutional investors own 24.25% of the company's stock.

Mplx Stock Performance

MPLX opened at $50.90 on Wednesday. The business's 50-day moving average price is $51.02 and its two-hundred day moving average price is $51.27. Mplx has a 1 year low of $39.95 and a 1 year high of $54.87. The company has a market capitalization of $51.96 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.58 and a beta of 0.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 1.04.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.03. Mplx had a return on equity of 32.08% and a net margin of 36.34%. The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter last year, the company earned $0.98 EPS. Mplx's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts expect that Mplx will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date was Friday, May 9th. Mplx's dividend payout ratio is currently 88.45%.

About Mplx

(Get Free Report

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.

Further Reading

Analyst Recommendations for Mplx (NYSE:MPLX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Mplx Right Now?

Before you consider Mplx, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mplx wasn't on the list.

While Mplx currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines