Analysts Set Mplx Lp (NYSE:MPLX) PT at $43.86

Mplx Lp (NYSE:MPLX) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.86.

Several brokerages recently commented on MPLX. Raymond James raised their price objective on shares of Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. UBS Group lifted their target price on shares of Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Barclays lifted their target price on shares of Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Royal Bank of Canada lifted their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st.

Institutional Investors Weigh In On Mplx

Hedge funds and other institutional investors have recently modified their holdings of the company. PSI Advisors LLC grew its holdings in shares of Mplx by 63.6% during the fourth quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock worth $33,000 after buying an additional 350 shares in the last quarter. JFS Wealth Advisors LLC purchased a new stake in shares of Mplx during the third quarter worth about $33,000. First Capital Advisors Group LLC. purchased a new stake in shares of Mplx during the second quarter worth about $33,000. HBC Financial Services PLLC purchased a new stake in shares of Mplx during the fourth quarter worth about $36,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of Mplx during the first quarter worth about $41,000. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Mplx Stock Up 1.2 %

Shares of NYSE MPLX opened at $40.68 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. Mplx has a 52 week low of $33.12 and a 52 week high of $42.89. The firm has a 50-day moving average price of $40.27 and a 200 day moving average price of $37.77. The stock has a market capitalization of $41.12 billion, a price-to-earnings ratio of 10.68 and a beta of 1.35.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, January 30th. The pipeline company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.95 by $0.15. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that Mplx will post 4.11 EPS for the current fiscal year.

Mplx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were issued a dividend of $0.85 per share. The ex-dividend date was Friday, February 2nd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.36%. Mplx’s dividend payout ratio (DPR) is presently 89.24%.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. 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; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.