Analysts expect Mplx Lp (NYSE:MPLX) to post earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Mplx’s earnings, with the lowest EPS estimate coming in at ($0.57) and the highest estimate coming in at $0.54. Mplx reported earnings of $0.55 per share during the same quarter last year, which indicates a negative year over year growth rate of 45.5%. The firm is expected to issue its next quarterly earnings report on Thursday, August 6th.

According to Zacks, analysts expect that Mplx will report full year earnings of ($2.04) per share for the current financial year, with EPS estimates ranging from ($4.29) to ($0.91). For the next fiscal year, analysts anticipate that the company will report earnings of $1.34 per share, with EPS estimates ranging from ($2.90) to $2.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Mplx.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. The business had revenue of $992.00 million during the quarter, compared to the consensus estimate of $2.22 billion. Mplx had a negative net margin of 30.40% and a positive return on equity of 17.68%. The company’s quarterly revenue was down 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share.

Several research firms recently weighed in on MPLX. Credit Suisse Group upped their price objective on shares of Mplx from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays upgraded shares of Mplx from an “equal weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 24th. Stifel Nicolaus dropped their price target on shares of Mplx from $34.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Bank of America dropped their price target on shares of Mplx from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Finally, Citigroup dropped their price target on shares of Mplx from $32.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $26.20.

MPLX stock opened at $18.15 on Thursday. The company has a market capitalization of $18.64 billion, a P/E ratio of -8.99 and a beta of 1.97. The company has a 50-day simple moving average of $14.49 and a 200 day simple moving average of $20.97. Mplx has a fifty-two week low of $6.87 and a fifty-two week high of $32.65. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 1.25.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a dividend of $0.688 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $2.75 annualized dividend and a yield of 15.16%. Mplx’s dividend payout ratio (DPR) is presently 118.53%.

A number of large investors have recently added to or reduced their stakes in MPLX. FMR LLC grew its stake in Mplx by 6.4% during the 1st quarter. FMR LLC now owns 336,101 shares of the pipeline company’s stock valued at $11,054,000 after acquiring an additional 20,300 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Mplx by 122.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 463,730 shares of the pipeline company’s stock worth $15,253,000 after acquiring an additional 255,707 shares during the last quarter. Allred Capital Management LLC bought a new stake in Mplx during the 4th quarter worth $29,000. Raymond James Trust N.A. grew its position in Mplx by 8.4% during the 4th quarter. Raymond James Trust N.A. now owns 9,646 shares of the pipeline company’s stock worth $246,000 after acquiring an additional 745 shares during the last quarter. Finally, Huntington National Bank bought a new stake in Mplx during the 4th quarter worth $25,000. 30.61% of the stock is currently owned by institutional investors.

About Mplx

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products.

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