Analysts Set Expectations for Mplx Lp’s Q1 2020 Earnings (MPLX)

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Mplx Lp (NYSE:MPLX) – Analysts at Mitsubishi UFJ Financial Group issued their Q1 2020 earnings per share estimates for Mplx in a research report issued on Thursday, February 7th. Mitsubishi UFJ Financial Group analyst B. Blaschke expects that the pipeline company will earn $0.78 per share for the quarter.

Mplx (NYSE:MPLX) last released its earnings results on Thursday, February 7th. The pipeline company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.16). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Mplx had a net margin of 28.30% and a return on equity of 26.12%. The business’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS.

A number of other analysts also recently weighed in on MPLX. Zacks Investment Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Bank of America increased their price target on Mplx from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, November 2nd. Citigroup cut their price target on Mplx from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Barclays initiated coverage on Mplx in a report on Thursday, December 13th. They set an “overweight” rating and a $40.00 price target on the stock. Finally, ValuEngine upgraded Mplx from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $40.50.

NYSE:MPLX opened at $32.63 on Monday. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.14 and a beta of 1.34. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.77 and a quick ratio of 0.70. Mplx has a fifty-two week low of $28.32 and a fifty-two week high of $39.01.

Institutional investors and hedge funds have recently modified their holdings of the stock. Chickasaw Capital Management LLC increased its position in shares of Mplx by 74.1% during the 3rd quarter. Chickasaw Capital Management LLC now owns 5,708,264 shares of the pipeline company’s stock valued at $197,963,000 after purchasing an additional 2,430,097 shares during the last quarter. Virtus ETF Advisers LLC acquired a new position in Mplx in the third quarter valued at approximately $72,713,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Mplx in the third quarter valued at approximately $63,691,000. Alps Advisors Inc. lifted its holdings in Mplx by 7.1% in the fourth quarter. Alps Advisors Inc. now owns 27,228,906 shares of the pipeline company’s stock valued at $825,036,000 after acquiring an additional 1,802,231 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Mplx by 29.2% in the fourth quarter. Bank of Montreal Can now owns 6,550,234 shares of the pipeline company’s stock valued at $198,472,000 after acquiring an additional 1,478,477 shares during the last quarter. Institutional investors own 31.28% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Tuesday, February 5th will be issued a $0.6475 dividend. This is a boost from Mplx’s previous quarterly dividend of $0.64. This represents a $2.59 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date is Monday, February 4th. Mplx’s dividend payout ratio (DPR) is currently 113.10%.

About Mplx

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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