Research analysts at Evercore ISI started coverage on shares of Mplx (NYSE:MPLX) in a note issued to investors on Tuesday, February 5th, The Fly reports. The firm set an “outperform” rating on the pipeline company’s stock.
Several other research firms also recently issued reports on MPLX. Zacks Investment Research downgraded Mplx from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. ValuEngine upgraded shares of Mplx from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Barclays assumed coverage on shares of Mplx in a research report on Thursday, December 13th. They set an “overweight” rating and a $40.00 target price for the company. Bank of America restated a “neutral” rating and set a $41.00 target price (up from $36.00) on shares of Mplx in a research report on Thursday, December 6th. Finally, Citigroup decreased their target price on shares of Mplx from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $40.50.
MPLX traded up $0.02 during trading on Tuesday, hitting $33.18. The stock had a trading volume of 1,461,439 shares, compared to its average volume of 1,892,685. Mplx has a twelve month low of $28.32 and a twelve month high of $39.01. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 1.85. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34.
Mplx (NYSE:MPLX) last released its earnings results on Thursday, February 7th. The pipeline company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.16). The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Mplx had a return on equity of 26.12% and a net margin of 28.30%. The firm’s revenue for the quarter was up 58.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. On average, sell-side analysts expect that Mplx will post 2.51 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Lindbrook Capital LLC acquired a new stake in shares of Mplx during the fourth quarter worth $28,000. Executive Wealth Management LLC bought a new position in Mplx in the fourth quarter worth approximately $46,000. We Are One Seven LLC bought a new position in Mplx in the fourth quarter worth approximately $52,000. IFP Advisors Inc boosted its holdings in Mplx by 65.0% in the fourth quarter. IFP Advisors Inc now owns 2,543 shares of the pipeline company’s stock worth $77,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Mplx by 11,150.0% in the fourth quarter. Whittier Trust Co. now owns 3,150 shares of the pipeline company’s stock worth $95,000 after acquiring an additional 3,122 shares in the last quarter. Hedge funds and other institutional investors own 30.78% of the company’s stock.
Mplx Company Profile
MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.
Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.