Q2 2024 EPS Estimates for Mplx Lp (NYSE:MPLX) Increased by Analyst

Mplx Lp (NYSE:MPLX) – Investment analysts at US Capital Advisors lifted their Q2 2024 EPS estimates for shares of Mplx in a report issued on Monday, April 29th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $0.98 per share for the quarter, up from their previous estimate of $0.97. The consensus estimate for Mplx’s current full-year earnings is $4.06 per share. US Capital Advisors also issued estimates for Mplx’s Q3 2024 earnings at $1.03 EPS.

A number of other research firms also recently issued reports on MPLX. Barclays lifted their price objective on shares of Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Royal Bank of Canada lifted their price target on shares of Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Truist Financial increased their price objective on shares of Mplx from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group lifted their target price on Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Raymond James increased their price target on Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.11.

Mplx Trading Up 0.0 %

NYSE MPLX opened at $41.11 on Thursday. Mplx has a 52 week low of $33.12 and a 52 week high of $42.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 0.72. The stock’s 50 day moving average price is $40.77 and its two-hundred day moving average price is $38.15. The stock has a market capitalization of $41.55 billion, a price-to-earnings ratio of 10.60 and a beta of 1.35.

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

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, May 2nd. This represents a $3.40 annualized dividend and a dividend yield of 8.27%. Mplx’s dividend payout ratio is currently 87.63%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MPLX. Raymond James & Associates grew its stake in Mplx by 2.3% in the 3rd quarter. Raymond James & Associates now owns 363,397 shares of the pipeline company’s stock valued at $12,926,000 after buying an additional 8,257 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Mplx by 4.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 473,693 shares of the pipeline company’s stock valued at $16,849,000 after purchasing an additional 20,143 shares during the last quarter. Independent Advisor Alliance increased its stake in shares of Mplx by 405.7% during the third quarter. Independent Advisor Alliance now owns 47,395 shares of the pipeline company’s stock worth $1,686,000 after purchasing an additional 38,022 shares during the period. Bank of New York Mellon Corp acquired a new stake in Mplx during the 3rd quarter worth approximately $209,000. Finally, Brown Advisory Inc. bought a new stake in Mplx in the 3rd quarter valued at $404,000. 24.25% of the stock is 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.