Mplx Lp (NYSE:MPLX) Given Consensus Rating of "Moderate Buy" by Brokerages

Mplx Lp (NYSE:MPLX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $54.00.

A number of analysts have recently weighed in on the stock. Raymond James raised 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. Barclays lifted their price target on shares of Mplx from $52.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Wells Fargo & Company increased their price objective on Mplx from $54.00 to $59.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. StockNews.com cut Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Finally, Morgan Stanley increased their price target on Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th.

Mplx Stock Up 2.5 %

Mplx stock opened at $52.47 on Friday. Mplx has a twelve month low of $39.84 and a twelve month high of $54.87. The business has a fifty day moving average of $51.97 and a two-hundred day moving average of $49.61. The firm has a market cap of $53.65 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.69 and a beta of 1.11. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.03. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The firm 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 business posted $1.10 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Mplx will post 4.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Shawn M. Lyon purchased 4,000 shares of the business's stock in a transaction on 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 transaction, the vice president now owns 25,299 shares of the company's stock, valued at approximately $1,334,522.25. This trade represents a 18.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Mplx

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Mplx by 5.3% in the third quarter. Geode Capital Management LLC now owns 15,488 shares of the pipeline company's stock valued at $689,000 after acquiring an additional 785 shares during the period. Tidal Investments LLC lifted its stake in shares of Mplx by 23.2% in the 3rd quarter. Tidal Investments LLC now owns 14,764 shares of the pipeline company's stock valued at $656,000 after purchasing an additional 2,785 shares during the period. CWA Asset Management Group LLC boosted its holdings in Mplx by 1.8% during the fourth quarter. CWA Asset Management Group LLC now owns 21,120 shares of the pipeline company's stock worth $1,011,000 after buying an additional 380 shares in the last quarter. Fortem Financial Group LLC grew its position in Mplx by 14.2% during the fourth quarter. Fortem Financial Group LLC now owns 28,101 shares of the pipeline company's stock valued at $1,345,000 after buying an additional 3,501 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Mplx in the fourth quarter valued at $354,000. Hedge funds and other institutional investors own 24.25% of the company's stock.

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.

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