Mplx Lp (NYSE:MPLX) Receives $45.75 Consensus PT from Brokerages

Shares of Mplx Lp (NYSE:MPLX) have earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $45.75.

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Mplx from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Friday. Truist Financial lifted their price objective on shares of Mplx from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. UBS Group boosted their target price on shares of Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd.

Hedge Funds Weigh In On Mplx

A number of hedge funds and other institutional investors have recently modified their holdings of MPLX. PSI Advisors LLC boosted its position in shares of Mplx by 63.6% in the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 350 shares during the period. Quent Capital LLC acquired a new stake in Mplx during the 1st quarter worth about $35,000. HBC Financial Services PLLC acquired a new stake in Mplx during the 4th quarter worth about $36,000. Pacifica Partners Inc. acquired a new stake in Mplx during the 1st quarter worth about $41,000. Finally, Crewe Advisors LLC acquired a new stake in Mplx during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Up 1.6 %

MPLX stock opened at $43.09 on Wednesday. The firm’s 50-day moving average is $41.66 and its two-hundred day moving average is $40.50. The company has a market capitalization of $43.79 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 2.16 and a beta of 1.37. Mplx has a 52 week low of $34.32 and a 52 week high of $43.42. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 1.44.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.89 billion. Mplx had a net margin of 34.96% and a return on equity of 31.70%. Mplx’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. On average, analysts forecast that Mplx will post 4.02 earnings per share for the current fiscal year.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. 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; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.