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

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.

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

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.

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