Mplx (NYSE:MPLX) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Mplx (NYSE:MPLX) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

A number of other brokerages have also recently issued reports on MPLX. Stifel Nicolaus upped their price objective on shares of Mplx from $45.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Truist Financial upped their price target on shares of Mplx from $43.00 to $48.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Barclays lifted their price objective on Mplx from $43.00 to $45.00 and gave the stock an overweight rating in a report on Friday, July 12th. UBS Group increased their target price on Mplx from $46.00 to $49.00 and gave the company a buy rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. lifted their price target on Mplx from $45.00 to $46.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $45.75.

Mplx Trading Down 0.2 %

Shares of MPLX stock opened at $42.99 on Friday. The business has a 50-day moving average price of $41.70 and a two-hundred day moving average price of $40.54. Mplx has a 12-month low of $34.32 and a 12-month high of $43.42. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 1.44. The firm has a market cap of $43.69 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 2.16 and a beta of 1.37.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). Mplx had a return on equity of 31.70% and a net margin of 34.96%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that Mplx will post 4.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Mplx

A number of large investors have recently made changes to their positions in MPLX. Quent Capital LLC bought a new position in shares of Mplx during the first quarter valued at approximately $35,000. PSI Advisors LLC raised its holdings in Mplx by 63.6% in the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock worth $33,000 after purchasing an additional 350 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Mplx in the 1st quarter worth about $41,000. HBC Financial Services PLLC bought a new stake in shares of Mplx during the 4th quarter valued at about $36,000. Finally, Pacifica Partners Inc. purchased a new position in shares of Mplx during the first quarter valued at about $41,000. 24.25% of the stock is currently owned by institutional investors.

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.