Barclays Has Lowered Expectations for Mplx (NYSE:MPLX) Stock Price

Mplx (NYSE:MPLX - Get Free Report) had its price target cut by analysts at Barclays from $55.00 to $52.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the pipeline company's stock. Barclays's target price would suggest a potential downside of 0.23% from the stock's current price.

Other research analysts have also recently issued reports about the company. Morgan Stanley boosted their target price on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Royal Bank of Canada boosted their price objective on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Raymond James boosted their price target on shares of Mplx from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price objective on shares of Mplx from $54.00 to $59.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.50.

Mplx Price Performance

Shares of NYSE:MPLX traded up $0.48 during trading on Monday, reaching $52.12. The stock had a trading volume of 1,370,057 shares, compared to its average volume of 1,728,866. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. Mplx has a 1-year low of $39.95 and a 1-year high of $54.87. The stock has a market cap of $53.29 billion, a PE ratio of 12.38, a PEG ratio of 1.69 and a beta of 0.76. The business has a fifty day moving average price of $51.21 and a 200-day moving average price of $50.39.

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

Insider Transactions at Mplx

In other Mplx news, VP Shawn M. Lyon bought 4,000 shares of Mplx stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the acquisition, the vice president now directly owns 25,299 shares in the company, valued at $1,334,522.25. This represents a 18.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Trading of Mplx

Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Mplx by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company's stock valued at $330,448,000 after purchasing an additional 266,998 shares in the last quarter. PFG Investments LLC raised its holdings in Mplx by 38.5% in the fourth quarter. PFG Investments LLC now owns 38,506 shares of the pipeline company's stock valued at $1,843,000 after acquiring an additional 10,705 shares in the last quarter. Bramshill Investments LLC lifted its stake in Mplx by 71.4% in the fourth quarter. Bramshill Investments LLC now owns 30,130 shares of the pipeline company's stock worth $1,442,000 after acquiring an additional 12,556 shares during the last quarter. Walnut Private Equity Partners LLC grew its holdings in Mplx by 479.6% during the 4th quarter. Walnut Private Equity Partners LLC now owns 153,600 shares of the pipeline company's stock worth $7,351,000 after acquiring an additional 127,100 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Mplx by 9,134.1% in the 4th quarter. Larson Financial Group LLC now owns 11,635 shares of the pipeline company's stock valued at $557,000 after purchasing an additional 11,509 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

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.