StockNews.com upgraded shares of Mplx (NYSE:MPLX – Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning.
Other equities research analysts also recently issued reports about the stock. UBS Group increased their price objective on shares of Mplx from $46.00 to $49.00 and gave the stock a buy rating in a research note on Friday, April 12th. Truist Financial boosted their price objective 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. Stifel Nicolaus lifted their price target on Mplx from $45.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Barclays upped their price objective on Mplx from $43.00 to $45.00 and gave the stock an overweight rating in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. boosted their target price on Mplx from $45.00 to $46.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $45.75.
Read Our Latest Stock Report on MPLX
Mplx Stock Down 0.2 %
Mplx (NYSE:MPLX – Get Free Report) 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 net margin of 34.96% and a return on equity of 31.70%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Mplx will post 4.02 earnings per share for the current fiscal year.
Institutional Trading of Mplx
Institutional investors and hedge funds have recently bought and sold shares of the stock. PSI Advisors LLC grew its position in shares of Mplx by 63.6% in the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock valued at $33,000 after buying an additional 350 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Mplx in the 1st quarter valued at $35,000. HBC Financial Services PLLC acquired a new stake in shares of Mplx during the fourth quarter worth $36,000. Pacifica Partners Inc. bought a new position in Mplx during the first quarter worth $41,000. Finally, Crewe Advisors LLC acquired a new position in Mplx in the first quarter valued at $41,000. 24.25% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Mplx
- How to Invest in Blue Chip Stocks
- Survey: Top 175 Fittest Retirement Locations in America
- Market Cap Calculator: How to Calculate Market Cap
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- Stock Dividend Cuts Happen Are You Ready?
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.