Mplx (NYSE:MPLX) PT Raised to $48.00 at Truist Financial

Mplx (NYSE:MPLX - Get Free Report) had its price objective increased by equities researchers at Truist Financial from $43.00 to $48.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the pipeline company's stock. Truist Financial's price objective would suggest a potential upside of 16.82% from the company's previous close.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada boosted their target price on Mplx from $45.00 to $46.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Barclays raised their target price on shares of Mplx from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, April 5th. Raymond James boosted their target price on shares of Mplx from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Stifel Nicolaus raised their price target on Mplx from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, UBS Group lifted 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Mplx presently has an average rating of "Moderate Buy" and an average price target of $45.00.

Mplx Stock Down 1.2 %

Mplx stock traded down $0.50 during trading hours on Thursday, hitting $41.09. The stock had a trading volume of 1,377,051 shares, compared to its average volume of 2,200,529. The stock's 50-day moving average price is $40.77 and its 200-day moving average price is $38.15. The stock has a market capitalization of $41.53 billion, a P/E ratio of 10.59 and a beta of 1.35. Mplx has a 12-month low of $33.12 and a 12-month high of $42.90. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52.

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 (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.01). The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.89 billion. Mplx had a net margin of 34.96% and a return on equity of 32.13%. The business's revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. Equities research analysts anticipate that Mplx will post 4.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quent Capital LLC purchased a new position in Mplx during the first quarter valued at approximately $35,000. PSI Advisors LLC lifted its stake in shares of Mplx by 63.6% during the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company's stock valued at $33,000 after buying an additional 350 shares in the last quarter. JFS Wealth Advisors LLC bought a new position in Mplx in the 3rd quarter worth $33,000. HBC Financial Services PLLC purchased a new stake in Mplx in the 4th quarter worth $36,000. Finally, Pacifica Partners Inc. bought a new stake in Mplx during the first quarter valued at about $41,000. 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.