Mplx (NYSE:MPLX) PT Lowered to $45.00 at Barclays

Mplx (NYSE:MPLX) had its price target cut by analysts at Barclays from $46.00 to $45.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the pipeline company’s stock. Barclays‘s price target suggests a potential upside of 2.39% from the company’s previous close.

Several other research firms have also recently weighed in on MPLX. Wells Fargo & Company boosted their target price on Mplx from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $47.00 target price on shares of Mplx in a research report on Wednesday, August 28th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mplx presently has a consensus rating of “Buy” and a consensus target price of $46.33.

Mplx Stock Up 0.4 %

Mplx stock traded up $0.17 during mid-day trading on Monday, reaching $43.95. 64,555 shares of the company’s stock were exchanged, compared to its average volume of 1,910,956. The company has a fifty day moving average of $42.37 and a 200-day moving average of $41.53. The company has a market cap of $44.85 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.19 and a beta of 1.37. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.41. Mplx has a twelve month low of $34.52 and a twelve month high of $43.97.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, August 6th. The pipeline company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.17. Mplx had a net margin of 35.95% and a return on equity of 32.68%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. Sell-side analysts expect that Mplx will post 4.24 EPS for the current year.

Institutional Trading of Mplx

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mcdonald Partners LLC increased its position in shares of Mplx by 1.4% in the second quarter. Mcdonald Partners LLC now owns 17,180 shares of the pipeline company’s stock worth $732,000 after acquiring an additional 239 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Mplx by 10.4% in the second quarter. Sound Income Strategies LLC now owns 2,992 shares of the pipeline company’s stock valued at $127,000 after acquiring an additional 282 shares in the last quarter. Belfer Management LLC increased its position in shares of Mplx by 4.4% in the 1st quarter. Belfer Management LLC now owns 7,733 shares of the pipeline company’s stock worth $321,000 after purchasing an additional 325 shares during the last quarter. Prossimo Advisors LLC increased its holdings in Mplx by 6.3% in the second quarter. Prossimo Advisors LLC now owns 6,509 shares of the pipeline company’s stock valued at $277,000 after buying an additional 386 shares during the last quarter. Finally, Linscomb & Williams Inc. lifted its holdings in Mplx by 2.5% during the 4th quarter. Linscomb & Williams Inc. now owns 15,948 shares of the pipeline company’s stock worth $586,000 after buying an additional 389 shares during the last quarter. 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.