JPMorgan Chase & Co. Reiterates “Neutral” Rating for Mplx (NYSE:MPLX)

Mplx (NYSE:MPLX)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, Marketbeat reports. They presently have a $57.00 price target on the pipeline company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 5.75% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Mplx from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Morgan Stanley raised their price objective on shares of Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Barclays upped their target price on shares of Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Stifel Nicolaus increased their price target on Mplx from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Mplx in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mplx has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Mplx Trading Down 1.7%

NYSE:MPLX opened at $53.90 on Monday. Mplx has a one year low of $44.60 and a one year high of $54.94. The business has a fifty day moving average price of $51.11 and a 200-day moving average price of $50.98. The firm has a market capitalization of $54.82 billion, a price-to-earnings ratio of 11.42 and a beta of 0.56. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.31 and a quick ratio of 1.26.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Tuesday, November 4th. The pipeline company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.45. Mplx had a return on equity of 34.14% and a net margin of 37.61%.The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Sell-side analysts forecast that Mplx will post 4.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MPLX. Cobblestone Capital Advisors LLC NY raised its stake in shares of Mplx by 4.0% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 5,198 shares of the pipeline company’s stock valued at $260,000 after acquiring an additional 198 shares in the last quarter. Bessemer Group Inc. grew its holdings in Mplx by 0.8% during the second quarter. Bessemer Group Inc. now owns 25,081 shares of the pipeline company’s stock worth $1,291,000 after acquiring an additional 200 shares during the period. Gladstone Institutional Advisory LLC lifted its position in shares of Mplx by 3.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 6,069 shares of the pipeline company’s stock valued at $303,000 after buying an additional 206 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of Mplx by 4.9% in the second quarter. Magnus Financial Group LLC now owns 4,602 shares of the pipeline company’s stock valued at $237,000 after buying an additional 215 shares during the last quarter. Finally, Holderness Investments Co. increased its position in Mplx by 2.6% during the third quarter. Holderness Investments Co. now owns 8,945 shares of the pipeline company’s stock worth $447,000 after purchasing an additional 225 shares during the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

About Mplx

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.