Mplx (NYSE:MPLX) Price Target Raised to $52.00 at Royal Bank of Canada

Mplx (NYSE:MPLX - Get Free Report) had its price objective hoisted by investment analysts at Royal Bank of Canada from $50.00 to $52.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the pipeline company's stock. Royal Bank of Canada's price objective indicates a potential upside of 9.57% from the stock's current price.

MPLX has been the subject of a number of other reports. Bank of America assumed coverage on Mplx in a report on Thursday, October 17th. They set an "underperform" rating and a $43.00 price target for the company. Barclays boosted their target price on Mplx from $45.00 to $49.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their price target on Mplx from $50.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. UBS Group increased their price target on Mplx from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday. Finally, StockNews.com upgraded Mplx from a "buy" rating to a "strong-buy" rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.67.

Mplx Price Performance

Shares of NYSE:MPLX traded up $0.44 during midday trading on Monday, hitting $47.46. The company had a trading volume of 1,864,693 shares, compared to its average volume of 1,861,702. Mplx has a twelve month low of $35.51 and a twelve month high of $47.62. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market cap of $48.44 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. The business's 50-day simple moving average is $44.51 and its 200-day simple moving average is $42.73.

Mplx (NYSE:MPLX - Get Free Report) last posted its earnings results on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.04). The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.09 billion. Mplx had a return on equity of 32.70% and a net margin of 36.77%. Mplx's revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. On average, research analysts predict that Mplx will post 4.31 earnings per share for the current year.

Institutional Investors Weigh In On Mplx

A number of large investors have recently bought and sold shares of MPLX. Crewe Advisors LLC acquired a new position in Mplx during the 1st quarter worth $41,000. CWM LLC lifted its position in Mplx by 73.3% during the 2nd quarter. CWM LLC now owns 1,066 shares of the pipeline company's stock worth $45,000 after acquiring an additional 451 shares during the last quarter. Summit Securities Group LLC raised its position in shares of Mplx by 450.0% during the second quarter. Summit Securities Group LLC now owns 1,100 shares of the pipeline company's stock valued at $47,000 after buying an additional 900 shares during the last quarter. Cedar Wealth Management LLC acquired a new position in shares of Mplx during the third quarter valued at about $51,000. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of Mplx during the second quarter valued at about $67,000. 24.25% of the stock is currently owned by institutional investors.

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.