Mplx Lp (MPLX) Now Covered by Analysts at Mizuho
Analysts at Mizuho assumed coverage on shares of Mplx Lp (NYSE:MPLX) in a note issued to investors on Friday. The brokerage set a “neutral” rating and a $35.00 price target on the stock. Mizuho’s target price suggests a potential upside of 6.71% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Mplx Lp from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Wednesday, July 27th. Jefferies Group began coverage on shares of Mplx Lp in a research report on Tuesday, August 23rd. They set a “hold” rating and a $35.00 price target for the company. FBR & Co began coverage on shares of Mplx Lp in a research report on Friday, September 9th. They set a “market perform” rating and a $35.00 price target for the company. Finally, Barclays PLC began coverage on shares of Mplx Lp in a research report on Tuesday, July 19th. They set an “overweight” rating and a $42.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.11.
Mplx Lp (NYSE:MPLX) opened at 32.80 on Friday. Mplx Lp has a 12 month low of $16.34 and a 12 month high of $45.63. The firm has a 50-day moving average price of $33.02 and a 200 day moving average price of $31.96. The company’s market capitalization is $11.01 billion.
Mplx Lp (NYSE:MPLX) last released its earnings results on Thursday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.39. The firm earned $564 million during the quarter, compared to the consensus estimate of $657.88 million. The firm’s quarterly revenue was up 161.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. Analysts expect that Mplx Lp will post $0.21 EPS for the current year.
In other Mplx Lp news, CFO Nancy Buese sold 15,000 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $32.81, for a total value of $492,150.00. Following the sale, the chief financial officer now owns 187,779 shares in the company, valued at approximately $6,161,028.99. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
A number of hedge funds have recently made changes to their positions in MPLX. BlackRock Group LTD bought a new stake in shares of Mplx Lp during the first quarter valued at approximately $1,940,000. Conning Inc. boosted its stake in shares of Mplx Lp by 30.3% in the second quarter. Conning Inc. now owns 112,474 shares of the company’s stock valued at $3,783,000 after buying an additional 26,158 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Mplx Lp during the second quarter valued at about $173,000. Quadrature Capital Ltd acquired a new stake in shares of Mplx Lp during the first quarter valued at about $2,279,000. Finally, Glenmede Trust Co. NA boosted its stake in shares of Mplx Lp by 37.4% in the first quarter. Glenmede Trust Co. NA now owns 80,713 shares of the company’s stock valued at $2,396,000 after buying an additional 21,976 shares in the last quarter.
Mplx Lp Company Profile
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires 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.
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