Mplx Lp (NYSE:MPLX - Free Report) - Equities research analysts at US Capital Advisors raised their FY2024 earnings per share (EPS) estimates for Mplx in a research report issued to clients and investors on Monday, April 29th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $3.99 per share for the year, up from their prior estimate of $3.94. The consensus estimate for Mplx's current full-year earnings is $4.10 per share. US Capital Advisors also issued estimates for Mplx's Q4 2024 earnings at $1.04 EPS, Q1 2025 earnings at $0.98 EPS, Q2 2025 earnings at $1.02 EPS, Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.07 EPS, FY2025 earnings at $4.14 EPS and FY2026 earnings at $4.29 EPS.
Other equities analysts also recently issued research reports about the company. Barclays upped their target price on Mplx from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, April 5th. Raymond James increased their price objective on Mplx from $44.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. Royal Bank of Canada increased their price objective on Mplx from $45.00 to $46.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. UBS Group increased their price objective on Mplx from $46.00 to $49.00 and gave the stock a "buy" rating in a report on Friday, April 12th. Finally, StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.57.
Check Out Our Latest Report on MPLX
Mplx Trading Down 0.5 %
Shares of NYSE:MPLX traded down $0.19 during trading on Wednesday, reaching $41.61. 2,659,280 shares of the company traded hands, compared to its average volume of 2,210,153. The company has a current ratio of 1.07, a quick ratio of 1.01 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $42.06 billion, a price-to-earnings ratio of 10.92 and a beta of 1.35. The business's fifty day moving average is $40.74 and its 200-day moving average is $38.13. Mplx has a 52-week low of $33.12 and a 52-week high of $42.90.
Mplx (NYSE:MPLX - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.01). The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.89 billion. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS.
Mplx Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, May 2nd. This represents a $3.40 annualized dividend and a dividend yield of 8.17%. Mplx's payout ratio is presently 89.24%.
Institutional Investors Weigh In On Mplx
Several institutional investors have recently modified their holdings of MPLX. Tectonic Advisors LLC boosted its position in shares of Mplx by 10.2% during the third quarter. Tectonic Advisors LLC now owns 132,871 shares of the pipeline company's stock valued at $4,726,000 after buying an additional 12,338 shares during the last quarter. Raymond James & Associates boosted its position in Mplx by 2.3% in the third quarter. Raymond James & Associates now owns 363,397 shares of the pipeline company's stock worth $12,926,000 after purchasing an additional 8,257 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Mplx by 4.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 473,693 shares of the pipeline company's stock worth $16,849,000 after purchasing an additional 20,143 shares during the last quarter. Independent Advisor Alliance boosted its position in Mplx by 405.7% in the third quarter. Independent Advisor Alliance now owns 47,395 shares of the pipeline company's stock worth $1,686,000 after purchasing an additional 38,022 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Mplx in the third quarter worth about $209,000. 24.25% of the stock is owned by hedge funds and other institutional investors.
About Mplx
(
Get Free Report)
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.
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