Mplx Lp (NYSE:MPLX) Receives $52.11 Average Price Target from Analysts

Mplx Lp (NYSE:MPLX) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $53.10.

A number of equities research analysts have issued reports on the stock. Raymond James upped their price target on shares of Mplx from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 2nd. Barclays increased their target price on shares of Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada increased their target price on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Truist Financial increased their target price on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th.

Mplx Stock Up 1.1 %

MPLX stock opened at $53.08 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx has a 52-week low of $39.56 and a 52-week high of $54.79. The company has a 50-day moving average of $51.95 and a two-hundred day moving average of $47.91. The stock has a market capitalization of $54.27 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Mplx had a net margin of 36.18% and a return on equity of 31.94%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Mplx will post 4.41 EPS for the current year.

Mplx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.9565 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.83 dividend on an annualized basis and a yield of 7.21%. Mplx’s payout ratio is presently 90.74%.

Insider Buying and Selling at Mplx

In other news, VP Shawn M. Lyon purchased 4,000 shares of Mplx stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $52.75 per share, with a total value of $211,000.00. Following the completion of the transaction, the vice president now directly owns 25,299 shares in the company, valued at $1,334,522.25. This trade represents a 18.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Mplx

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CFO4Life Group LLC boosted its position in shares of Mplx by 1.1% during the fourth quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company’s stock worth $919,000 after purchasing an additional 200 shares in the last quarter. RE Dickinson Investment Advisors LLC lifted its position in Mplx by 11.5% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 208 shares in the last quarter. Captrust Financial Advisors lifted its position in Mplx by 0.4% in the 3rd quarter. Captrust Financial Advisors now owns 60,475 shares of the pipeline company’s stock valued at $2,689,000 after acquiring an additional 231 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Mplx by 1.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,520 shares of the pipeline company’s stock valued at $1,030,000 after acquiring an additional 231 shares in the last quarter. Finally, GraniteShares Advisors LLC lifted its position in Mplx by 0.5% in the 4th quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company’s stock valued at $2,462,000 after acquiring an additional 237 shares in the last quarter. 24.25% of the stock is owned by institutional investors.

About Mplx

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.