Mplx Lp (NYSE:MPLX) has earned an average rating of “Buy” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $41.25.
MPLX has been the topic of several recent analyst reports. Guggenheim downgraded shares of Mplx from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Monday, December 18th. Credit Suisse Group initiated coverage on shares of Mplx in a research note on Thursday, January 4th. They issued an “outperform” rating and a $43.00 target price on the stock. Bank of America initiated coverage on shares of Mplx in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Mplx from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Barclays downgraded shares of Mplx from an “overweight” rating to an “equal weight” rating and set a $39.00 target price on the stock. in a research note on Wednesday, January 17th.
Shares of NYSE:MPLX traded down $0.73 on Wednesday, hitting $32.31. The stock had a trading volume of 1,039,236 shares, compared to its average volume of 2,312,393. Mplx has a twelve month low of $30.88 and a twelve month high of $39.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.38 and a current ratio of 0.43. The company has a market capitalization of $26,225.50, a PE ratio of 30.48, a P/E/G ratio of 3.05 and a beta of 1.26.
A number of hedge funds and other institutional investors have recently modified their holdings of MPLX. SWS Partners bought a new stake in Mplx during the 4th quarter worth about $149,000. Captrust Financial Advisors bought a new stake in Mplx during the 4th quarter worth about $179,000. Stuart Chaussee & Associates Inc. bought a new stake in Mplx during the 4th quarter worth about $195,000. Ameritas Investment Partners Inc. bought a new stake in Mplx during the 3rd quarter worth about $193,000. Finally, American Century Companies Inc. bought a new stake in Mplx during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 31.82% of the company’s stock.
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Mplx Company Profile
MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.
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