US Capital Advisors Has Positive Outlook of Mplx Q4 Earnings

Mplx Lp (NYSE:MPLX) – Stock analysts at US Capital Advisors boosted their Q4 2024 earnings per share (EPS) estimates for shares of Mplx in a research report issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $1.04 per share for the quarter, up from their previous forecast 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 research firms have also recently commented on MPLX. Bank of America initiated coverage on shares of Mplx in a research note on Thursday, October 17th. They set an “underperform” rating and a $43.00 target price for the company. Barclays boosted their price objective on Mplx from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 22nd. UBS Group boosted their price target on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada increased their price objective on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.44.

Mplx Stock Performance

NYSE:MPLX opened at $50.52 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $51.47 billion, a PE ratio of 11.92, a P/E/G ratio of 2.87 and a beta of 1.37. Mplx has a fifty-two week low of $35.51 and a fifty-two week high of $50.73. The company has a fifty day moving average of $45.37 and a two-hundred day moving average of $43.12.

Mplx (NYSE:MPLX) last announced its earnings results 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 business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.

Institutional Trading of Mplx

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in Mplx by 73.3% in the second quarter. CWM LLC now owns 1,066 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 451 shares during the period. Summit Securities Group LLC lifted its stake in Mplx by 450.0% in the second quarter. Summit Securities Group LLC now owns 1,100 shares of the pipeline company’s stock valued at $47,000 after buying an additional 900 shares during the last quarter. Cedar Wealth Management LLC purchased a new stake in Mplx in the 3rd quarter valued at $51,000. Redwood Wealth Management Group LLC purchased a new position in shares of Mplx during the second quarter worth about $67,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Mplx in the second quarter valued at approximately $88,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Insider Buying and Selling

In other Mplx news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $47.24, for a total transaction of $188,960.00. Following the completion of the sale, the vice president now directly owns 14,750 shares in the company, valued at $696,790. This trade represents a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mplx Increases Dividend

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

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.