Mplx Lp (NYSE:MPLX) Receives $54.00 Average PT from Analysts

Mplx Lp (NYSE:MPLX) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $54.00.

MPLX has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Mplx from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com lowered Mplx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd. Barclays upped their target price on Mplx from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Morgan Stanley boosted their price objective on Mplx from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Finally, Raymond James lifted their target price on shares of Mplx from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th.

Insider Activity at Mplx

In other Mplx news, VP Shawn M. Lyon bought 4,000 shares of Mplx stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $52.75 per share, for a total transaction of $211,000.00. Following the completion of the purchase, the vice president now directly owns 25,299 shares of the company’s stock, valued at $1,334,522.25. The trade was a 18.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Mplx

Several hedge funds have recently bought and sold shares of the business. VSM Wealth Advisory LLC bought a new stake in shares of Mplx during the 4th quarter worth about $31,000. Rossby Financial LCC acquired a new position in Mplx during the first quarter valued at approximately $33,000. JFS Wealth Advisors LLC bought a new position in shares of Mplx in the first quarter valued at approximately $37,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Mplx in the first quarter worth $48,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Mplx by 56.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,135 shares of the pipeline company’s stock worth $54,000 after buying an additional 409 shares during the period. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Price Performance

Shares of MPLX opened at $52.05 on Friday. Mplx has a one year low of $39.84 and a one year high of $54.87. The firm has a market capitalization of $53.22 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The stock’s fifty day moving average is $51.87 and its 200-day moving average is $49.82. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99.

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

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.