Mplx (NYSE:MPLX) Price Target Raised to $46.00

Mplx (NYSE:MPLX - Get Free Report) had its price objective raised by analysts at JPMorgan Chase & Co. from $45.00 to $46.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the pipeline company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 11.89% from the stock's current price.

MPLX has been the topic of several other research reports. StockNews.com lowered shares of Mplx from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Royal Bank of Canada upped their price target on Mplx from $45.00 to $46.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Barclays boosted their price objective on shares of 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 target price on shares of Mplx from $44.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. Finally, UBS Group upped their price objective on shares of Mplx from $46.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Mplx presently has an average rating of "Moderate Buy" and an average target price of $45.11.

Mplx Price Performance

Shares of NYSE MPLX traded up $0.01 during midday trading on Friday, reaching $41.11. 1,258,746 shares of the company traded hands, compared to its average volume of 2,189,573. Mplx has a 12 month low of $33.12 and a 12 month high of $42.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 0.72. The stock's 50-day simple moving average is $40.77 and its 200-day simple moving average is $38.15. The firm has a market cap of $41.55 billion, a PE ratio of 10.60 and a beta of 1.35.

Mplx (NYSE:MPLX - Get Free Report) last posted its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.01). The firm 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 31.70%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. As a group, equities analysts anticipate that Mplx will post 4.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC bought a new position in shares of Mplx during the third quarter valued at $33,000. PSI Advisors LLC increased its stake in shares of Mplx by 63.6% in the fourth quarter. PSI Advisors LLC now owns 900 shares of the pipeline company's stock valued at $33,000 after buying an additional 350 shares during the period. Quent Capital LLC bought a new position in shares of Mplx during the first quarter worth about $35,000. HBC Financial Services PLLC acquired a new position in shares of Mplx in the fourth quarter worth approximately $36,000. Finally, Fortitude Family Office LLC bought a new stake in Mplx in the fourth quarter valued at approximately $41,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.