Shares of Mplx Lp (NYSE:MPLX - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $57.29 and traded as high as $57.35. Mplx shares last traded at $57.2970, with a volume of 2,471,112 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on MPLX shares. Weiss Ratings upgraded Mplx from a "buy (a-)" rating to a "buy (a)" rating in a research note on Friday, October 30th. Stifel Nicolaus began coverage on shares of Mplx in a research report on Thursday, September 10th. They issued a "hold" rating and a $65.00 price objective for the company. Barclays reduced their price target on shares of Mplx from $63.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday. Citigroup increased their target price on Mplx from $55.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, November 5th. Finally, Wolfe Research lowered shares of Mplx from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $63.30.
Read Our Latest Stock Analysis on MPLX
Mplx Stock Up 1.2%
The business's 50-day moving average price is $57.96 and its 200-day moving average price is $57.29. The company has a quick ratio of 1.47, a current ratio of 1.56 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $58.04 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 5.36 and a beta of 0.48.
Mplx (NYSE:MPLX - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The pipeline company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.35 billion. Mplx had a return on equity of 30.30% and a net margin of 32.91%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. As a group, equities research analysts predict that Mplx Lp will post 4.28 EPS for the current fiscal year.
Mplx Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 13th. Shareholders of record on Friday, November 6th were issued a dividend of $1.2111 per share. The ex-dividend date of this dividend was Friday, November 6th. This is a boost from Mplx's previous quarterly dividend of $1.0765. This represents a $4.84 dividend on an annualized basis and a dividend yield of 8.5%. Mplx's dividend payout ratio (DPR) is 113.08%.
Hedge Funds Weigh In On Mplx
Hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont bought a new stake in Mplx in the 2nd quarter valued at $28,000. Assetmark Inc. grew its holdings in shares of Mplx by 81.5% in the 1st quarter. Assetmark Inc. now owns 559 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 251 shares in the last quarter. Axiom Investment Management LLC acquired a new position in shares of Mplx during the 1st quarter worth approximately $46,000. Western Wealth Management LLC acquired a new stake in Mplx in the first quarter valued at $65,000. Finally, Latitude Advisors LLC acquired a new position in shares of Mplx during the 3rd quarter worth about $128,000. 24.25% of the stock is owned by institutional investors.
About Mplx
(
Get Free Report)
MPLX LP is a diversified midstream energy company formed by Marathon Petroleum in 2012. It owns and operates infrastructure that gathers, processes, transports and stores energy products, connecting producers and refiners with customers and markets. The company's assets include natural gas and natural gas liquids gathering and processing facilities, pipelines and fractionation plants, as well as crude oil and refined-product pipelines, storage terminals and inland marine transport operations. Its network serves energy-producing and refining regions across the United States.
Further Reading
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