Shares of Mplx Lp (NYSE:MPLX) have received an average recommendation of “Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $35.60.
A number of research firms have weighed in on MPLX. Barclays reaffirmed an “overweight” rating and set a $33.00 target price on shares of Mplx in a research note on Monday, August 19th. Raymond James dropped their price objective on shares of Mplx from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. BMO Capital Markets assumed coverage on shares of Mplx in a report on Monday, June 10th. They issued a “market perform” rating and a $35.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and issued a $35.00 target price on shares of Mplx in a report on Tuesday, September 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $33.00 price objective (down from $38.00) on shares of Mplx in a research report on Monday, August 12th.
In other news, CEO Gary R. Heminger purchased 42,600 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $27.18 per share, with a total value of $1,157,868.00. Following the acquisition, the chief executive officer now directly owns 131,956 shares in the company, valued at $3,586,564.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Garry L. Peiffer purchased 18,800 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $27.30 per share, for a total transaction of $513,240.00. Following the acquisition, the director now owns 14,302 shares in the company, valued at $390,444.60. The disclosure for this purchase can be found here. Insiders acquired a total of 79,400 shares of company stock worth $2,159,808 over the last quarter.
Shares of NYSE MPLX opened at $29.18 on Thursday. The stock has a market capitalization of $30.69 billion, a price-to-earnings ratio of 12.74 and a beta of 1.11. The business has a 50-day moving average of $28.06 and a 200-day moving average of $31.13. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.75 and a quick ratio of 0.68. Mplx has a fifty-two week low of $25.85 and a fifty-two week high of $36.27.
Mplx (NYSE:MPLX) last issued its quarterly earnings data on Thursday, August 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.66 billion. Mplx had a return on equity of 27.94% and a net margin of 28.78%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. On average, sell-side analysts expect that Mplx will post 2.52 EPS for the current year.
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. 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; and transportation, storage, and distribution of crude oil and refined petroleum products.
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