US Capital Advisors Brokers Lift Earnings Estimates for Mplx

Mplx Lp (NYSE:MPLX - Free Report) - Equities research analysts at US Capital Advisors lifted their FY2026 EPS estimates for Mplx in a research report issued to clients and investors on Tuesday, May 20th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $4.29 per share for the year, up from their previous estimate of $4.26. The consensus estimate for Mplx's current full-year earnings is $4.41 per share.

Mplx (NYSE:MPLX - Get Free Report) last released its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.03. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year.

A number of other research analysts have also issued reports on the stock. Barclays dropped their price target on shares of Mplx from $55.00 to $52.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Raymond James increased their target price on Mplx from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price target on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com cut Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $55.50.

Mplx Stock Performance

Shares of MPLX opened at $50.72 on Thursday. Mplx has a 1 year low of $39.95 and a 1 year high of $54.87. The stock has a market capitalization of $51.77 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.69 and a beta of 0.76. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The company's fifty day moving average is $51.11 and its two-hundred day moving average is $50.49.

Hedge Funds Weigh In On Mplx

Several hedge funds have recently bought and sold shares of the stock. CFO4Life Group LLC boosted its stake in shares of Mplx by 1.1% during the fourth quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company's stock valued at $919,000 after acquiring an additional 200 shares during the last quarter. Colonial River Investments LLC boosted its stake in shares of Mplx by 1.8% during the 1st quarter. Colonial River Investments LLC now owns 11,603 shares of the pipeline company's stock worth $621,000 after purchasing an additional 200 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Mplx by 1.8% during the first quarter. Axxcess Wealth Management LLC now owns 11,603 shares of the pipeline company's stock worth $621,000 after buying an additional 200 shares in the last quarter. RE Dickinson Investment Advisors LLC raised its position in shares of Mplx by 11.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock valued at $96,000 after buying an additional 208 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Mplx by 1.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 21,520 shares of the pipeline company's stock valued at $1,030,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 24.25% of the company's stock.

Insider Buying and Selling

In related news, VP Shawn M. Lyon acquired 4,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the transaction, the vice president now directly owns 25,299 shares of the company's stock, valued at approximately $1,334,522.25. This trade represents a 18.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mplx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a $0.9565 dividend. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend was Friday, May 9th. Mplx's dividend payout ratio is currently 88.22%.

About Mplx

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.

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