Mplx Lp (NYSE:MPLX) has earned a consensus rating of “Buy” from the seventeen research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $42.20.

A number of research firms have recently weighed in on MPLX. BidaskClub raised Mplx Lp from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Jefferies Group LLC lowered their price objective on Mplx Lp from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Guggenheim began coverage on Mplx Lp in a research report on Thursday, July 20th. They set a “buy” rating and a $40.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mplx Lp in a research report on Friday, July 28th. Finally, Scotiabank set a $44.00 price objective on Mplx Lp and gave the company a “buy” rating in a research report on Saturday, July 22nd.

In related news, VP C Corwin Bromley sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $34.65, for a total value of $173,250.00. Following the transaction, the vice president now directly owns 123,705 shares of the company’s stock, valued at approximately $4,286,378.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 8,000 shares of company stock worth $276,910.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ffcm LLC purchased a new position in Mplx Lp in the 2nd quarter worth approximately $116,000. Pathstone Family Office LLC purchased a new position in Mplx Lp in the 2nd quarter worth approximately $119,000. Cedar Wealth Management LLC lifted its holdings in Mplx Lp by 17.6% in the 2nd quarter. Cedar Wealth Management LLC now owns 5,490 shares of the pipeline company’s stock worth $183,000 after purchasing an additional 820 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Mplx Lp in the 2nd quarter worth approximately $191,000. Finally, Ameritas Investment Partners Inc. purchased a new position in Mplx Lp in the 1st quarter worth approximately $198,000. 66.17% of the stock is currently owned by institutional investors.

Shares of Mplx Lp (MPLX) opened at 35.13 on Friday. The stock has a market capitalization of $13.65 billion, a P/E ratio of 41.97 and a beta of 1.36. Mplx Lp has a one year low of $30.09 and a one year high of $39.43. The stock has a 50 day moving average of $34.20 and a 200-day moving average of $34.85.

Mplx Lp (NYSE:MPLX) last posted its quarterly earnings data on Thursday, July 27th. The pipeline company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.10. Mplx Lp had a return on equity of 6.13% and a net margin of 19.07%. The firm had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $884.70 million. During the same period in the previous year, the firm earned ($0.11) EPS. The business’s quarterly revenue was up 31.2% on a year-over-year basis. Equities analysts forecast that Mplx Lp will post $0.96 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Mplx Lp (MPLX) Receives Consensus Recommendation of “Buy” from Brokerages” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/16/mplx-lp-mplx-receives-consensus-recommendation-of-buy-from-brokerages.html.

Mplx Lp Company Profile

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.

Analyst Recommendations for Mplx Lp (NYSE:MPLX)

Receive News & Ratings for Mplx Lp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx Lp and related companies with MarketBeat.com's FREE daily email newsletter.