FY2027 EPS Estimates for Mplx Boosted by US Capital Advisors

Mplx Lp (NYSE:MPLX) – Equities researchers at US Capital Advisors boosted their FY2027 earnings estimates for shares of Mplx in a note issued to investors on Monday, February 2nd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $4.33 for the year, up from their previous estimate of $4.28. The consensus estimate for Mplx’s current full-year earnings is $4.41 per share.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Mplx had a net margin of 37.79% and a return on equity of 34.56%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Mplx in a report on Monday, December 1st. Raymond James Financial downgraded Mplx from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a report on Monday, December 29th. Morgan Stanley upped their price objective on Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Barclays raised their target price on shares of Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Mplx presently has an average rating of “Moderate Buy” and an average target price of $58.83.

Mplx Trading Down 0.7%

NYSE:MPLX opened at $56.02 on Thursday. The stock’s 50 day simple moving average is $54.68 and its 200-day simple moving average is $52.18. Mplx has a 12-month low of $44.60 and a 12-month high of $57.15. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The firm has a market cap of $56.98 billion, a P/E ratio of 11.62, a PEG ratio of 5.06 and a beta of 0.57.

Institutional Trading of Mplx

Several institutional investors and hedge funds have recently bought and sold shares of MPLX. Americana Partners LLC raised its position in shares of Mplx by 38.6% during the 4th quarter. Americana Partners LLC now owns 760,306 shares of the pipeline company’s stock valued at $40,578,000 after acquiring an additional 211,694 shares in the last quarter. Mizuho Markets Cayman LP grew its position in shares of Mplx by 9.6% during the fourth quarter. Mizuho Markets Cayman LP now owns 60,308 shares of the pipeline company’s stock worth $3,219,000 after acquiring an additional 5,283 shares during the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of Mplx in the fourth quarter valued at approximately $347,000. FourThought Financial Partners LLC grew its holdings in Mplx by 5.8% in the 4th quarter. FourThought Financial Partners LLC now owns 87,244 shares of the pipeline company’s stock worth $4,656,000 after buying an additional 4,806 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Mplx by 409.9% in the fourth quarter. Global Retirement Partners LLC now owns 18,516 shares of the pipeline company’s stock worth $988,000 after purchasing an additional 14,885 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be given a $1.0765 dividend. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, February 9th. Mplx’s dividend payout ratio is presently 89.42%.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.