US Capital Advisors Brokers Lift Earnings Estimates for Mplx

Mplx Lp (NYSE:MPLX - Free Report) - Analysts at US Capital Advisors lifted their Q4 2024 EPS estimates for shares of Mplx in a report issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $1.04 per share for the quarter, up from their previous forecast of $1.03. The consensus estimate for Mplx's current full-year earnings is $4.26 per share. US Capital Advisors also issued estimates for Mplx's Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.11 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $4.33 EPS and FY2026 earnings at $4.47 EPS.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 22nd. Truist Financial raised their price objective on Mplx from $48.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Barclays upped their target price on shares of Mplx from $45.00 to $49.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Royal Bank of Canada boosted their price target on shares of Mplx from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Finally, UBS Group increased their price objective on shares of Mplx from $51.00 to $55.00 and gave the company a "buy" rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $49.44.

Mplx Price Performance

Mplx stock traded up $0.87 during midday trading on Wednesday, reaching $50.52. The company had a trading volume of 1,451,148 shares, compared to its average volume of 1,854,211. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. Mplx has a 12-month low of $35.51 and a 12-month high of $50.73. The company has a market capitalization of $51.47 billion, a P/E ratio of 11.92, a P/E/G ratio of 2.87 and a beta of 1.37. The firm's fifty day simple moving average is $45.37 and its 200-day simple moving average is $43.12.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.09 billion. Mplx had a net margin of 36.77% and a return on equity of 32.70%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 earnings per share.

Mplx Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a $0.9565 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.83 dividend on an annualized basis and a yield of 7.57%. This is an increase from Mplx's previous quarterly dividend of $0.85. Mplx's payout ratio is currently 90.33%.

Insider Activity

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $47.24, for a total transaction of $188,960.00. Following the transaction, the vice president now directly owns 14,750 shares in the company, valued at $696,790. This represents a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On Mplx

Several institutional investors and hedge funds have recently modified their holdings of MPLX. Tidal Investments LLC acquired a new stake in Mplx during the 1st quarter worth approximately $202,000. Virtu Financial LLC purchased a new position in Mplx in the first quarter valued at $1,396,000. Cetera Investment Advisers boosted its holdings in Mplx by 486.2% in the first quarter. Cetera Investment Advisers now owns 133,685 shares of the pipeline company's stock valued at $5,556,000 after purchasing an additional 110,880 shares during the period. Cetera Advisors LLC grew its stake in Mplx by 152.0% during the 1st quarter. Cetera Advisors LLC now owns 34,462 shares of the pipeline company's stock worth $1,432,000 after purchasing an additional 20,788 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in Mplx in the 1st quarter valued at about $885,000. Hedge funds and other institutional investors own 24.25% of the company's stock.

About Mplx

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.