Investment analysts at Credit Suisse Group started coverage on shares of Mplx (NYSE:MPLX) in a research report issued on Thursday, The Fly reports. The firm set an “outperform” rating on the pipeline company’s stock.
Other research analysts also recently issued research reports about the company. Stifel Nicolaus decreased their price objective on Mplx from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. BidaskClub raised Mplx from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Mizuho reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Mplx in a research note on Friday, October 20th. Barclays reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Mplx in a research note on Thursday, October 19th. Finally, Guggenheim downgraded Mplx from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research note on Monday, December 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.55.
Mplx (NYSE MPLX) traded up $0.73 during mid-day trading on Thursday, reaching $37.08. The company’s stock had a trading volume of 1,146,000 shares, compared to its average volume of 1,900,000. Mplx has a 52 week low of $30.88 and a 52 week high of $39.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.54. The company has a market capitalization of $15,400.00, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38.
Mplx (NYSE:MPLX) last posted its quarterly earnings data on Thursday, October 26th. The pipeline company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Mplx had a return on equity of 5.87% and a net margin of 16.79%. The firm had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.07 million. During the same quarter last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. sell-side analysts anticipate that Mplx will post 1.08 EPS for the current year.
In related news, VP Gregory Scott Floerke sold 2,000 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $37.00, for a total transaction of $74,000.00. Following the completion of the sale, the vice president now owns 77,598 shares in the company, valued at $2,871,126. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 8,000 shares of company stock valued at $284,760 in the last quarter.
Several large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. grew its holdings in Mplx by 16.8% during the 3rd quarter. Alps Advisors Inc. now owns 23,435,667 shares of the pipeline company’s stock valued at $820,483,000 after buying an additional 3,379,395 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in Mplx by 19.3% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 22,787,043 shares of the pipeline company’s stock valued at $797,774,000 after buying an additional 3,681,395 shares in the last quarter. Harvest Fund Advisors LLC grew its holdings in Mplx by 2.4% during the 3rd quarter. Harvest Fund Advisors LLC now owns 16,963,387 shares of the pipeline company’s stock valued at $593,888,000 after buying an additional 402,273 shares in the last quarter. Atlantic Trust Group LLC grew its holdings in Mplx by 4.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 7,056,755 shares of the pipeline company’s stock valued at $247,057,000 after buying an additional 303,471 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Mplx by 20.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,783,189 shares of the pipeline company’s stock valued at $201,776,000 after buying an additional 999,582 shares in the last quarter. Hedge funds and other institutional investors own 64.29% of the company’s stock.
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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.