Shares of Mplx Lp (NYSE:MPLX – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.71.
A number of research analysts recently weighed in on the company. Raymond James raised their price objective on Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. UBS Group raised their price objective on Mplx from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Royal Bank of Canada raised their price objective on Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, StockNews.com raised Mplx from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st.
Read Our Latest Analysis on MPLX
Hedge Funds Weigh In On Mplx
Mplx Trading Up 1.1 %
MPLX opened at $41.31 on Thursday. The stock has a market cap of $41.75 billion, a PE ratio of 10.84 and a beta of 1.35. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. The business has a 50 day moving average of $39.01 and a 200-day moving average of $37.03. Mplx has a 52 week low of $33.12 and a 52 week high of $41.31.
Mplx (NYSE:MPLX – Get Free Report) last released its earnings results on Tuesday, January 30th. The pipeline company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Mplx had a return on equity of 31.85% and a net margin of 34.82%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. Equities research analysts predict that Mplx will post 4 earnings per share for the current fiscal year.
Mplx Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $3.40 annualized dividend and a yield of 8.23%. Mplx’s dividend payout ratio (DPR) is presently 89.24%.
About Mplx
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.
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