Mplx Lp (NYSE:MPLX) has been given an average rating of “Hold” by the fifteen research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $41.80.
Several brokerages have recently issued reports on MPLX. ValuEngine downgraded shares of Mplx from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Mplx from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Jefferies Group downgraded shares of Mplx from a “buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a research note on Monday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price target (down previously from $44.00) on shares of Mplx in a research note on Friday, February 2nd. Finally, Citigroup reiterated a “buy” rating and set a $46.00 price target on shares of Mplx in a research note on Friday, February 2nd.
In other Mplx news, VP Gregory Scott Floerke sold 2,000 shares of Mplx stock in a transaction on Monday, December 11th. The shares were sold at an average price of $37.00, for a total transaction of $74,000.00. Following the sale, the vice president now owns 77,598 shares in the company, valued at $2,871,126. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Mplx (NYSE:MPLX) opened at $35.06 on Friday. The stock has a market cap of $27,305.00, a price-to-earnings ratio of 33.39, a PEG ratio of 3.17 and a beta of 1.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.43 and a quick ratio of 0.48. Mplx has a 52 week low of $30.88 and a 52 week high of $39.38.
Mplx (NYSE:MPLX) last announced its quarterly earnings data on Thursday, February 1st. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $937.04 million. Mplx had a return on equity of 6.98% and a net margin of 17.90%. The company’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. research analysts expect that Mplx will post 1.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were paid a dividend of $0.6075 per share. The ex-dividend date was Friday, February 2nd. This represents a $2.43 dividend on an annualized basis and a yield of 6.93%. This is an increase from Mplx’s previous quarterly dividend of $0.44. Mplx’s payout ratio is currently 231.43%.
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MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.
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