Research analysts at Deutsche Bank started coverage on shares of Mplx (NYSE:MPLX) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the pipeline company’s stock.
Several other equities analysts have also recently commented on the company. Barclays cut their price target on Mplx from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday. Guggenheim raised Mplx from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Monday. Zacks Investment Research cut Mplx from a “buy” rating to a “hold” rating in a report on Thursday, April 12th. Mizuho set a $41.00 price target on Mplx and gave the company a “buy” rating in a report on Wednesday, April 11th. Finally, Citigroup cut their price target on Mplx from $46.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $41.33.
Mplx stock traded down $0.45 during trading hours on Thursday, hitting $33.89. The stock had a trading volume of 2,030,391 shares, compared to its average volume of 1,978,677. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of 0.70. The stock has a market cap of $27,217.69, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 3.17 and a beta of 1.26. Mplx has a fifty-two week low of $30.88 and a fifty-two week high of $39.38.
Mplx (NYSE:MPLX) last posted its quarterly earnings results on Thursday, February 1st. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $937.04 million. Mplx had a net margin of 17.90% and a return on equity of 6.98%. The company’s revenue was up 27.9% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS. analysts expect that Mplx will post 1.93 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of MPLX. SWS Partners acquired a new position in shares of Mplx in the 4th quarter worth approximately $149,000. Captrust Financial Advisors acquired a new position in shares of Mplx in the 4th quarter worth approximately $179,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Mplx in the 4th quarter worth approximately $195,000. American Century Companies Inc. acquired a new position in shares of Mplx in the 4th quarter worth approximately $204,000. Finally, Quadrant Private Wealth Management LLC acquired a new position in shares of Mplx in the 4th quarter worth approximately $227,000. 31.86% of the stock is owned by institutional investors and hedge funds.
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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.
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