Mplx Lp (NYSE:MPLX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Mplx Lp (NYSE:MPLX) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $59.00.

MPLX has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of Mplx in a report on Monday, December 29th. Barclays lifted their price target on shares of Mplx from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $57.00 price objective on shares of Mplx in a research report on Monday, December 1st. Zacks Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley boosted their target price on shares of Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th.

Mplx Price Performance

Shares of NYSE MPLX opened at $56.21 on Friday. The firm has a market cap of $57.16 billion, a P/E ratio of 11.91, a PEG ratio of 5.04 and a beta of 0.56. Mplx has a twelve month low of $44.60 and a twelve month high of $57.15. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 1.66. The company has a 50 day moving average of $54.43 and a 200 day moving average of $51.97.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, November 4th. The pipeline company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.07 by $0.45. Mplx had a return on equity of 34.14% and a net margin of 37.61%.The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.16 billion. As a group, research analysts expect that Mplx will post 4.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of Mplx by 4.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,049 shares of the pipeline company’s stock worth $1,287,000 after purchasing an additional 939 shares during the period. Farther Finance Advisors LLC increased its holdings in Mplx by 8.1% during the second quarter. Farther Finance Advisors LLC now owns 6,715 shares of the pipeline company’s stock valued at $346,000 after buying an additional 504 shares during the last quarter. Fifth Third Bancorp increased its holdings in Mplx by 7.7% during the second quarter. Fifth Third Bancorp now owns 3,165 shares of the pipeline company’s stock valued at $163,000 after buying an additional 227 shares during the last quarter. Magnus Financial Group LLC raised its position in Mplx by 4.9% in the second quarter. Magnus Financial Group LLC now owns 4,602 shares of the pipeline company’s stock worth $237,000 after acquiring an additional 215 shares during the period. Finally, Eagle Global Advisors LLC boosted its stake in shares of Mplx by 1.2% during the 2nd quarter. Eagle Global Advisors LLC now owns 1,919,565 shares of the pipeline company’s stock worth $98,877,000 after acquiring an additional 23,135 shares during the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Company Profile

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.