Mplx Lp (NYSE:MPLX) has been assigned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $40.40.

MPLX has been the subject of several analyst reports. Zacks Investment Research raised Mplx from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday, November 28th. Bank of America cut Mplx from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Thursday, November 29th. Citigroup decreased their price objective on Mplx from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 29th. Barclays initiated coverage on Mplx in a report on Thursday, December 13th. They issued an “overweight” rating and a $40.00 price objective for the company. Finally, ValuEngine raised Mplx from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd.

Several institutional investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC increased its stake in shares of Mplx by 16.7% in the 4th quarter. Belpointe Asset Management LLC now owns 3,501 shares of the pipeline company’s stock valued at $106,000 after purchasing an additional 500 shares in the last quarter. Comerica Bank increased its stake in Mplx by 8.0% during the 4th quarter. Comerica Bank now owns 8,167 shares of the pipeline company’s stock worth $280,000 after buying an additional 603 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Mplx by 2.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,571 shares of the pipeline company’s stock worth $715,000 after buying an additional 639 shares in the last quarter. Heritage Wealth Advisors increased its stake in Mplx by 1.3% during the 4th quarter. Heritage Wealth Advisors now owns 57,515 shares of the pipeline company’s stock worth $1,742,000 after buying an additional 735 shares in the last quarter. Finally, Doliver Capital Advisors LP increased its stake in Mplx by 13.2% during the 4th quarter. Doliver Capital Advisors LP now owns 7,721 shares of the pipeline company’s stock worth $234,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 31.08% of the company’s stock.

Shares of MPLX stock opened at $33.96 on Thursday. The stock has a market capitalization of $26.80 billion, a PE ratio of 14.83, a P/E/G ratio of 2.26 and a beta of 1.30. The company has a quick ratio of 0.69, a current ratio of 0.76 and a debt-to-equity ratio of 1.95. Mplx has a 52-week low of $28.32 and a 52-week high of $39.01.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Thursday, February 7th. The pipeline company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.16). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Mplx had a net margin of 28.30% and a return on equity of 26.21%. The business’s quarterly revenue was up 58.1% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. As a group, equities research analysts expect that Mplx will post 2.48 earnings per share for the current fiscal year.

Mplx Company Profile

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.

See Also: What is a portfolio manager?

Analyst Recommendations for Mplx (NYSE:MPLX)

Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.