Mplx Lp (NYSE:MPLX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Mplx Lp (NYSE:MPLX) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $63.80.

MPLX has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Mplx from $60.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Wells Fargo & Company increased their target price on shares of Mplx from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “buy (a-)” rating on shares of Mplx in a research note on Thursday, August 13th. Barclays lifted their price target on shares of Mplx from $59.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Mplx from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in Mplx by 27.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 24,726 shares of the pipeline company’s stock worth $1,393,000 after acquiring an additional 5,299 shares during the last quarter. VELA Investment Management LLC raised its position in Mplx by 10.0% in the second quarter. VELA Investment Management LLC now owns 18,164 shares of the pipeline company’s stock valued at $1,023,000 after purchasing an additional 1,651 shares during the last quarter. Corient Private Wealth LP boosted its stake in shares of Mplx by 3.1% during the second quarter. Corient Private Wealth LP now owns 348,098 shares of the pipeline company’s stock valued at $19,608,000 after purchasing an additional 10,377 shares in the last quarter. Wellington Grp LLC boosted its stake in shares of Mplx by 61.1% during the second quarter. Wellington Grp LLC now owns 15,589 shares of the pipeline company’s stock valued at $878,000 after purchasing an additional 5,914 shares in the last quarter. Finally, Advus Financial Partners LLC grew its holdings in shares of Mplx by 3.2% during the second quarter. Advus Financial Partners LLC now owns 6,191 shares of the pipeline company’s stock worth $349,000 after purchasing an additional 191 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Trading Up 0.1%

Shares of MPLX stock opened at $59.88 on Monday. Mplx has a fifty-two week low of $47.80 and a fifty-two week high of $60.95. The stock’s fifty day moving average price is $58.55 and its two-hundred day moving average price is $57.27. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.83 and a current ratio of 0.89. The company has a market cap of $60.71 billion, a PE ratio of 12.88, a P/E/G ratio of 5.69 and a beta of 0.48.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. Mplx had a return on equity of 32.83% and a net margin of 35.75%.The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. Mplx’s revenue was up 10.3% on a year-over-year basis. Equities analysts predict that Mplx will post 4.26 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were paid a dividend of $1.0765 per share. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Friday, August 7th. Mplx’s payout ratio is presently 92.69%.

Mplx Company Profile

MPLX LP (NYSE:MPLX) is a master limited partnership that owns and operates midstream energy infrastructure in the United States. The company provides transportation, storage and processing services for crude oil, refined products, natural gas and natural gas liquids (NGLs), supporting producers, refiners and other energy customers.

MPLX’s assets include gathering and processing systems, pipelines, storage facilities, fractionation plants, marine terminals and inland and coastal logistics operations.