Mplx (MPLX) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Mplx (NYSE: MPLX):

• 11/22/2024 – Mplx was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 11/19/2024 – Mplx had its price target raised by analysts at Truist Financial Co. from $48.00 to $55.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Mplx had its price target raised by analysts at Royal Bank of Canada from $50.00 to $52.00. They now have an “outperform” rating on the stock.
• 11/15/2024 – Mplx had its price target raised by analysts at UBS Group AG from $51.00 to $55.00. They now have a “buy” rating on the stock.
• 11/14/2024 – Mplx was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 11/7/2024 – Mplx had its price target raised by analysts at Wells Fargo & Company from $50.00 to $53.00. They now have an “overweight” rating on the stock.
• 11/6/2024 – Mplx was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 10/17/2024 – Mplx is now covered by analysts at Bank of America Co.. They set an “underperform” rating and a $43.00 price target on the stock.
• 10/16/2024 – Mplx had its price target raised by analysts at Royal Bank of Canada from $47.00 to $50.00. They now have an “outperform” rating on the stock.
• 10/10/2024 – Mplx was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 10/10/2024 – Mplx had its price target raised by analysts at Barclays PLC from $45.00 to $49.00. They now have an “overweight” rating on the stock.

Mplx Price Performance

Mplx stock opened at $49.63 on Thursday. Mplx Lp has a 12-month low of $35.51 and a 12-month high of $51.94. The stock has a market capitalization of $50.56 billion, a P/E ratio of 11.71, a P/E/G ratio of 3.05 and a beta of 1.42. The firm’s 50-day moving average is $45.98 and its two-hundred day moving average is $43.48. 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 announced its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.04). Mplx had a return on equity of 32.70% and a net margin of 36.77%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Equities analysts predict that Mplx Lp will post 4.18 earnings per share for the current year.

Mplx Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a dividend of $0.9565 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.71%. This is a positive change from Mplx’s previous quarterly dividend of $0.85. Mplx’s dividend payout ratio (DPR) is currently 90.33%.

Insider Activity

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $47.24, for a total value of $188,960.00. Following the sale, the vice president now directly owns 14,750 shares in the company, valued at approximately $696,790. This trade represents a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Trading of Mplx

Institutional investors and hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC boosted its position in Mplx by 7.4% during the third quarter. Catalyst Capital Advisors LLC now owns 280,885 shares of the pipeline company’s stock worth $12,488,000 after purchasing an additional 19,320 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Mplx by 7.2% in the third quarter. Glenmede Trust Co. NA now owns 149,509 shares of the pipeline company’s stock valued at $6,647,000 after acquiring an additional 10,000 shares during the period. ING Groep NV boosted its position in shares of 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. Wealth Enhancement Advisory Services LLC boosted its position in shares of Mplx by 22.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 81,884 shares of the pipeline company’s stock valued at $3,487,000 after acquiring an additional 14,782 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of Mplx by 27.2% in the third quarter. Lindbrook Capital LLC now owns 52,128 shares of the pipeline company’s stock valued at $2,318,000 after acquiring an additional 11,144 shares during the period. Institutional investors and hedge funds own 24.25% of the company’s stock.

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.