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

Key Points

• Mplx Lp has received an average recommendation of "Moderate Buy" from ten analysts, with eight buy ratings, one hold, and one sell rating.
• The company's stock has a 12-month price target of $57.50, with recent estimates ranging from $57.00 to $60.00.
• Mplx reported $1.03 EPS for the last quarter, missing expectations, and its revenue decreased by 1.6% year-over-year.

Mplx Lp (NYSE:MPLX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $57.50.

Several research analysts have recently issued reports on the stock. Zacks Research cut shares of Mplx from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of Mplx from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, August 26th. Wall Street Zen cut shares of Mplx from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Weiss Ratings cut shares of Mplx from a "buy (a-)" rating to a "buy (b+)" rating in a report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Mplx from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Tuesday, September 23rd.

Mplx Price Performance

NYSE MPLX opened at $48.51 on Friday. Mplx has a 52 week low of $43.54 and a 52 week high of $54.87. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.40. The stock has a market cap of $49.44 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.68. The company has a 50-day moving average price of $50.11 and a two-hundred day moving average price of $50.58.

Mplx (NYSE:MPLX - Get Free Report) last posted its earnings results on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.05). Mplx had a return on equity of 30.95% and a net margin of 35.44%.The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $1.15 EPS. Mplx's revenue for the quarter was down 1.6% on a year-over-year basis. Analysts forecast that Mplx will post 4.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Private Wealth Asset Management LLC bought a new stake in Mplx during the second quarter worth approximately $26,000. Elevation Point Wealth Partners LLC bought a new stake in Mplx during the second quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new stake in Mplx during the second quarter worth approximately $29,000. Operose Advisors LLC boosted its holdings in Mplx by 216.2% during the second quarter. Operose Advisors LLC now owns 585 shares of the pipeline company's stock worth $30,000 after buying an additional 400 shares in the last quarter. Finally, EQ Wealth Advisors LLC bought a new stake in Mplx during the second quarter worth approximately $31,000. 24.25% of the stock is currently owned by institutional investors.

Mplx Company Profile

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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