Mplx (NYSE:MPLX) Price Target Raised to $47.00

Mplx (NYSE:MPLX - Get Free Report) had its price target hoisted by equities researchers at Stifel Nicolaus from $45.00 to $47.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the pipeline company's stock. Stifel Nicolaus' price objective points to a potential upside of 12.95% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada boosted their price objective on Mplx from $45.00 to $46.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. StockNews.com raised Mplx from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, January 31st. Barclays upped their price target on Mplx from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. UBS Group upped their price target on Mplx from $46.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, April 12th. Finally, Raymond James upped their price target on Mplx from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $44.57.

Mplx Stock Down 0.5 %

Mplx stock traded down $0.19 during trading on Wednesday, hitting $41.61. 2,659,280 shares of the company were exchanged, compared to its average volume of 2,210,153. The business's 50 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. The company has a market capitalization of $42.06 billion, a P/E ratio of 10.92 and a beta of 1.35. The company has a current ratio of 1.07, a quick ratio of 1.01 and a debt-to-equity ratio of 1.52.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.01). Mplx had a return on equity of 31.85% and a net margin of 34.82%. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.89 billion. During the same period in the prior year, the firm posted $0.91 EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that Mplx will post 4.1 earnings per share for the current year.

Institutional Trading of Mplx

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PSI Advisors LLC increased its stake in Mplx by 63.6% in the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company's stock worth $33,000 after acquiring an additional 350 shares during the last quarter. JFS Wealth Advisors LLC bought a new position in Mplx in the 3rd quarter worth about $33,000. HBC Financial Services PLLC bought a new position in Mplx in the 4th quarter worth about $36,000. Pacifica Partners Inc. bought a new position in Mplx in the 1st quarter worth about $41,000. Finally, Register Financial Advisors LLC bought a new position in Mplx in the 1st quarter worth about $42,000. 24.25% of the stock is currently owned by institutional investors.

Mplx Company Profile

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.