Mplx (NYSE:MPLX) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Wednesday, Marketbeat Ratings reports.

A number of other research firms also recently weighed in on MPLX. Zacks Investment Research downgraded Mplx from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Bank of America began coverage on Mplx in a research report on Tuesday, January 9th. They set a “buy” rating for the company. Credit Suisse Group began coverage on Mplx in a research report on Thursday, January 4th. They set an “outperform” rating and a $43.00 target price for the company. Guggenheim downgraded Mplx from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Monday, December 18th. Finally, Scotiabank restated a “buy” rating and set a $44.00 target price on shares of Mplx in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.67.

Mplx (MPLX) opened at $38.28 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.54 and a quick ratio of 0.48. The company has a market capitalization of $15,900.00, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 3.13 and a beta of 1.38. Mplx has a one year low of $30.88 and a one year high of $39.43.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Thursday, October 26th. The pipeline company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.07 million. Mplx had a return on equity of 5.87% and a net margin of 16.79%. The business’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. sell-side analysts expect that Mplx will post 1.08 EPS for the current year.

In related news, VP Gregory Scott Floerke sold 4,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $34.69, for a total value of $138,760.00. Following the completion of the sale, the vice president now owns 83,598 shares in the company, valued at $2,900,014.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 8,000 shares of company stock valued at $284,760 in the last quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPLX. Bank of New York Mellon Corp increased its holdings in shares of Mplx by 48.7% in the second quarter. Bank of New York Mellon Corp now owns 254,276 shares of the pipeline company’s stock worth $8,493,000 after acquiring an additional 83,229 shares in the last quarter. Comerica Bank increased its holdings in shares of Mplx by 10.3% in the second quarter. Comerica Bank now owns 9,949 shares of the pipeline company’s stock worth $358,000 after acquiring an additional 927 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Mplx by 7.8% in the second quarter. Franklin Resources Inc. now owns 51,403 shares of the pipeline company’s stock worth $1,717,000 after acquiring an additional 3,732 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Mplx by 5.9% in the second quarter. Alliancebernstein L.P. now owns 69,475 shares of the pipeline company’s stock worth $2,320,000 after acquiring an additional 3,882 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of Mplx by 3.7% in the second quarter. King Luther Capital Management Corp now owns 12,317 shares of the pipeline company’s stock worth $411,000 after acquiring an additional 436 shares in the last quarter. Institutional investors and hedge funds own 64.27% of the company’s stock.

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About Mplx

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 (NYSE:MPLX)

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