Mplx Lp (MPLX) Receives Average Recommendation of “Hold” from Analysts

Mplx Lp (NYSE:MPLX) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $41.91.

Several research firms recently commented on MPLX. Stifel Nicolaus restated a “buy” rating and set a $45.00 price target on shares of Mplx in a report on Thursday, February 1st. Zacks Investment Research cut shares of Mplx from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Bank of America began coverage on shares of Mplx in a report on Tuesday, January 9th. They set a “buy” rating for the company. Mizuho restated a “buy” rating and set a $40.00 price target on shares of Mplx in a report on Friday, October 20th. Finally, BidaskClub upgraded shares of Mplx from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st.

In related news, VP Gregory Scott Floerke sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.00, for a total transaction of $72,000.00. Following the transaction, the vice president now owns 79,598 shares of the company’s stock, valued at $2,865,528. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 8,000 shares of company stock worth $284,760.

A number of institutional investors and hedge funds have recently modified their holdings of MPLX. Saratoga Research & Investment Management bought a new position in shares of Mplx in the third quarter valued at approximately $192,000. Ameritas Investment Partners Inc. bought a new position in shares of Mplx in the third quarter valued at approximately $193,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Mplx in the fourth quarter valued at approximately $195,000. American Century Companies Inc. bought a new position in shares of Mplx in the fourth quarter valued at approximately $204,000. Finally, Advisor Group Inc. raised its position in shares of Mplx by 15.5% in the second quarter. Advisor Group Inc. now owns 6,140 shares of the pipeline company’s stock valued at $205,000 after purchasing an additional 822 shares during the period. 63.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mplx (NYSE:MPLX) opened at $35.99 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68. The company has a market cap of $14,475.75, a P/E ratio of 34.28, a P/E/G ratio of 3.25 and a beta of 1.31. Mplx has a fifty-two week low of $30.88 and a fifty-two week high of $39.43.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Thursday, February 1st. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $937.04 million. Mplx had a return on equity of 6.99% and a net margin of 17.90%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. analysts anticipate that Mplx will post 1.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be given a dividend of $0.6075 per share. This represents a $2.43 annualized dividend and a yield of 6.75%. The ex-dividend date is Friday, February 2nd. This is a positive change from Mplx’s previous quarterly dividend of $0.44. Mplx’s dividend payout ratio (DPR) is presently 231.43%.

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Mplx 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 (NYSE:MPLX)

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