US Capital Advisors Forecasts Mplx’s Q4 Earnings (NYSE:MPLX)

Mplx Lp (NYSE:MPLX) – Analysts at US Capital Advisors lifted their Q4 2024 earnings per share estimates for Mplx in a research report issued to clients and investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $1.04 per share for the quarter, up from their prior estimate 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.

A number of other analysts have also issued reports on the company. Barclays boosted their price target on Mplx from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Royal Bank of Canada increased their price target on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. UBS Group raised their price target on Mplx from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 22nd. Finally, Bank of America began coverage on shares of Mplx in a research report on Thursday, October 17th. They set an “underperform” rating and a $43.00 target price on the stock. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.44.

Mplx Price Performance

Mplx stock opened at $50.52 on Wednesday. The stock has a market cap of $51.47 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 2.87 and a beta of 1.37. The firm has a 50-day moving average of $45.37 and a two-hundred day moving average of $43.12. Mplx has a 1 year low of $35.51 and a 1 year high of $50.73. 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 (NYSE:MPLX) last issued its earnings results on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share.

Mplx Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.9565 per share. This is a boost from Mplx’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, November 8th. This represents a $3.83 dividend on an annualized basis and a yield of 7.57%. Mplx’s dividend payout ratio is presently 90.33%.

Insider Buying and Selling at Mplx

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $47.24, for a total transaction of $188,960.00. Following the sale, the vice president now owns 14,750 shares of the company’s stock, valued at approximately $696,790. The trade was a 21.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Mplx

A number of large investors have recently bought and sold shares of MPLX. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Mplx by 2.4% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 14,825,905 shares of the pipeline company’s stock valued at $631,435,000 after buying an additional 353,324 shares during the period. ING Groep NV lifted its holdings in Mplx by 69.8% in the third quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock valued at $294,699,000 after acquiring an additional 2,725,000 shares during the period. Kayne Anderson Capital Advisors LP lifted its holdings in Mplx by 0.8% in the third quarter. Kayne Anderson Capital Advisors LP now owns 5,735,562 shares of the pipeline company’s stock valued at $255,003,000 after acquiring an additional 45,271 shares during the period. Chickasaw Capital Management LLC boosted its position in Mplx by 0.6% in the 3rd quarter. Chickasaw Capital Management LLC now owns 5,580,052 shares of the pipeline company’s stock worth $248,089,000 after purchasing an additional 34,659 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in shares of Mplx by 7.8% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,571,817 shares of the pipeline company’s stock worth $109,534,000 after purchasing an additional 186,084 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

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.