Mplx (MPLX) to Release Earnings on Tuesday

Mplx (NYSE:MPLX) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Mplx to post earnings of $1.00 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Mplx Stock Down 1.1 %

Shares of NYSE MPLX opened at $42.12 on Monday. The company’s fifty day simple moving average is $41.88 and its 200 day simple moving average is $40.69. Mplx has a 12-month low of $34.32 and a 12-month high of $43.42. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 1.44. The firm has a market cap of $42.80 billion, a PE ratio of 10.86, a P/E/G ratio of 2.13 and a beta of 1.37.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date of this dividend is Friday, August 9th. Mplx’s dividend payout ratio is 87.63%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MPLX. Truist Financial raised their price objective on shares of Mplx from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Barclays increased their price target on Mplx from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. UBS Group increased their target price on shares of Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Stifel Nicolaus lifted their target price on Mplx from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mplx from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $45.75.

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.