Mplx (NYSE:MPLX) PT Raised to $47.00

Mplx (NYSE:MPLX) had its target price lifted by equities research analysts at Stifel Nicolaus from $45.00 to $47.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ target price points to a potential upside of 14.38% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. UBS Group raised their price objective on shares of Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their price objective on shares of Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Barclays lifted their price target on shares of Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. Finally, Raymond James lifted their price target on shares of Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Mplx has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Mplx Price Performance

Shares of MPLX opened at $41.09 on Wednesday. Mplx has a fifty-two week low of $33.12 and a fifty-two week high of $42.90. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of 10.59 and a beta of 1.35. The firm has a 50-day simple moving average of $40.77 and a 200-day simple moving average of $38.15. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 0.72.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.01). The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.89 billion. Mplx had a return on equity of 31.70% and a net margin of 34.96%. Mplx’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. On average, equities research analysts anticipate that Mplx will post 4.06 earnings per share for the current year.

Hedge Funds Weigh In On Mplx

A number of institutional investors have recently added to or reduced their stakes in MPLX. JFS Wealth Advisors LLC bought a new stake in shares of Mplx during the 3rd quarter valued at about $33,000. PSI Advisors LLC grew its position in shares of Mplx by 63.6% during 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 during the 1st quarter valued at about $35,000. HBC Financial Services PLLC bought a new position in Mplx in the 4th quarter worth about $36,000. Finally, Fortitude Family Office LLC bought a new position in Mplx in the 4th quarter worth about $41,000. Institutional investors and hedge funds 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.