Mplx Lp (NYSE:MPLX) Receives $55.50 Consensus Price Target from Analysts

Shares of Mplx Lp (NYSE:MPLX - Get Free Report) have been given an average rating of "Moderate Buy" by the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $55.50.

Several research analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. Barclays dropped their target price on Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Raymond James increased their target price on Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Morgan Stanley increased their target price on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Wall Street Zen cut shares of Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd.

Mplx Price Performance

Shares of NYSE MPLX traded up $0.22 during mid-day trading on Tuesday, hitting $50.54. 1,033,226 shares of the company's stock traded hands, compared to its average volume of 1,713,499. The company's 50-day moving average is $50.94 and its two-hundred day moving average is $50.62. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market capitalization of $51.59 billion, a P/E ratio of 12.00, a PEG ratio of 1.69 and a beta of 0.76. Mplx has a 1 year low of $39.95 and a 1 year high of $54.87.

Mplx (NYSE:MPLX - Get Free Report) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.03. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities analysts anticipate that Mplx will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 annualized dividend and a dividend yield of 7.57%. Mplx's dividend payout ratio is presently 88.22%.

Insider Activity

In other Mplx news, VP Shawn M. Lyon purchased 4,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the purchase, the vice president now owns 25,299 shares of the company's stock, valued at approximately $1,334,522.25. The trade was a 18.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Mplx

A number of large investors have recently modified their holdings of the business. VSM Wealth Advisory LLC purchased a new position in shares of Mplx in the fourth quarter worth $31,000. Rossby Financial LCC purchased a new position in shares of Mplx in the first quarter worth $33,000. JFS Wealth Advisors LLC purchased a new stake in Mplx during the 1st quarter valued at about $37,000. Wealth Preservation Advisors LLC purchased a new stake in Mplx during the 1st quarter valued at about $44,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in Mplx during the 1st quarter valued at about $48,000. Hedge funds and other institutional investors own 24.25% of the company's stock.

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.