Mplx Lp (MPLX) Receives Average Rating of “Hold” from Analysts
Shares of Mplx Lp (NYSE:MPLX) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.91.
A number of equities research analysts have weighed in on MPLX shares. Zacks Investment Research downgraded shares of Mplx from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Barclays reiterated a “buy” rating and set a $39.00 price target on shares of Mplx in a research note on Thursday, October 19th. Mizuho reiterated a “buy” rating and set a $40.00 price target on shares of Mplx in a research note on Friday, October 20th. Stifel Nicolaus decreased their price target on shares of Mplx from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, UBS Group lifted their price target on shares of Mplx from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, October 27th.
In other news, VP Gregory Scott Floerke sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $34.69, for a total value of $138,760.00. Following the sale, the vice president now owns 83,598 shares in the company, valued at approximately $2,900,014.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 8,000 shares of company stock worth $284,760 in the last 90 days.
Shares of Mplx (NYSE MPLX) opened at $35.99 on Tuesday. The stock has a market cap of $14,475.75, a price-to-earnings ratio of 34.28, a PEG ratio of 3.25 and a beta of 1.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.54 and a quick ratio of 0.48. Mplx has a 52 week low of $30.88 and a 52 week high of $39.43.
Mplx (NYSE:MPLX) last announced its quarterly earnings data on Thursday, February 1st. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $1.09 billion during 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 company’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. research analysts expect that Mplx will post 1.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.6075 per share. The ex-dividend date is Friday, February 2nd. This represents a $2.43 dividend on an annualized basis and a yield of 6.75%. This is an increase from Mplx’s previous quarterly dividend of $0.44. Mplx’s payout ratio is currently 231.43%.
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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.
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