Mplx (NYSE:MPLX) Stock Price Expected to Rise, UBS Group Analyst Says

Mplx (NYSE:MPLX) had its target price boosted by UBS Group from $51.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. UBS Group’s price objective suggests a potential upside of 17.05% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price objective on Mplx from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Barclays boosted their price objective on Mplx from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their target price on Mplx from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America assumed coverage on Mplx in a report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $48.44.

Mplx Stock Up 1.3 %

MPLX stock traded up $0.59 during trading on Friday, hitting $46.99. 588,708 shares of the company’s stock were exchanged, compared to its average volume of 1,854,565. The business has a 50-day moving average price of $44.43 and a two-hundred day moving average price of $42.68. The stock has a market capitalization of $47.96 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.24 and a beta of 1.37. Mplx has a 52-week low of $35.31 and a 52-week high of $47.62. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.04). Mplx had a net margin of 36.77% and a return on equity of 32.70%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. Mplx’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts expect that Mplx will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Crewe Advisors LLC acquired a new position in Mplx during the first quarter worth $41,000. CWM LLC grew 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 last quarter. Summit Securities Group LLC grew its holdings 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 purchasing an additional 900 shares during the last quarter. Cedar Wealth Management LLC acquired a new stake in Mplx in the third quarter valued at $51,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in Mplx in the second quarter valued at $67,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

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.