US Capital Advisors Equities Analysts Increase Earnings Estimates for Mplx Lp (NYSE:MPLX)

Mplx Lp (NYSE:MPLX) – US Capital Advisors lifted their FY2024 EPS estimates for shares of Mplx in a report released on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $4.00 per share for the year, up from their previous forecast of $3.99. The consensus estimate for Mplx’s current full-year earnings is $3.99 per share. US Capital Advisors also issued estimates for Mplx’s Q1 2025 earnings at $1.01 EPS, FY2025 earnings at $4.15 EPS and FY2026 earnings at $4.32 EPS.

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

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. 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 research note on Thursday, May 2nd. Stifel Nicolaus raised their price objective on shares of Mplx from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Raymond James raised their price objective on shares of Mplx from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mplx from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Mplx presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.11.

Mplx Stock Down 1.4 %

Shares of NYSE:MPLX opened at $40.34 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 1.44. Mplx has a 12 month low of $33.12 and a 12 month high of $42.90. The company has a 50-day moving average price of $41.09 and a 200 day moving average price of $38.65. The company has a market cap of $40.99 billion, a price-to-earnings ratio of 10.40 and a beta of 1.35.

Hedge Funds Weigh In On Mplx

Several institutional investors have recently bought and sold shares of MPLX. Bank of New York Mellon Corp purchased a new position in Mplx during the third quarter valued at approximately $209,000. JFS Wealth Advisors LLC purchased a new position in Mplx during the third quarter valued at approximately $33,000. Private Advisor Group LLC increased its holdings in Mplx by 10.1% during the third quarter. Private Advisor Group LLC now owns 53,292 shares of the pipeline company’s stock valued at $1,896,000 after buying an additional 4,875 shares during the period. Bahl & Gaynor Inc. increased its holdings in Mplx by 18.8% during the third quarter. Bahl & Gaynor Inc. now owns 9,500 shares of the pipeline company’s stock valued at $338,000 after buying an additional 1,500 shares during the period. Finally, MGO One Seven LLC purchased a new position in Mplx during the third quarter valued at approximately $268,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date was Thursday, May 2nd. Mplx’s dividend payout ratio (DPR) is presently 87.63%.

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.