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MPLX LP (NASDAQ:MPLX) is set to announce its earnings results on Wednesday, January 29th. Persons interested in listening to the company’s earnings conference call can do so using this link.

MPLX LP (NASDAQ:MPLX) last released its earnings data on Thursday, October 31st. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.02. The company had revenue of $123.80 million for the quarter, compared to the consensus estimate of $128.59 million. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect MPLX LP to post $1.04 EPS for the current fiscal year and $1.51 EPS for the next fiscal year.

MPLX LP (NASDAQ:MPLX) opened at 45.21 on Tuesday. MPLX LP has a 52-week low of $32.12 and a 52-week high of $46.12. The stock has a 50-day moving average of $40.83 and a 200-day moving average of $37.61. The company’s market cap is $3.341 billion.

The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Tuesday, February 4th will be paid a dividend of 0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, January 31st.

Several analysts have recently commented on the stock. Analysts at Barclays upgraded shares of MPLX LP from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, January 14th. On a related note, analysts at Merrill Lynch downgraded shares of MPLX LP to an “underperform” rating in a research note to investors on Friday, January 3rd. Finally, analysts at Bank of America Corp. downgraded shares of MPLX LP from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.00.

MPLX LP is a fee-based limited partnership formed by Marathon Petroleum Corporation to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets.

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