Mplx Lp (NYSE:MPLX) is scheduled to issue its quarterly earnings data on Wednesday, February 1st. Parties that wish to listen to the company’s conference call can do so using this link.
Mplx Lp (NYSE:MPLX) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $703 million for the quarter, compared to the consensus estimate of $654.87 million. Mplx Lp had a return on equity of 2.09% and a net margin of 3.36%. The company’s quarterly revenue was up 228.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. On average, analysts expect Mplx Lp to post $0.02 EPS for the current fiscal year and $1.28 EPS for the next fiscal year.
Mplx Lp (NYSE:MPLX) opened at 38.37 on Monday. Mplx Lp has a one year low of $16.34 and a one year high of $38.55. The stock’s 50 day moving average price is $34.73 and its 200-day moving average price is $33.18. The company’s market capitalization is $13.37 billion.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Monday, February 6th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, February 2nd. This is a positive change from Mplx Lp’s previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a yield of 5.42%. Mplx Lp’s payout ratio is -556.74%.
In other Mplx Lp news, COO Gregory Scott Floerke sold 1,000 shares of the stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $37.00, for a total transaction of $37,000.00. Following the completion of the transaction, the chief operating officer now owns 77,181 shares of the company’s stock, valued at $2,855,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Randy S. Nickerson sold 7,145 shares of the stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $33.01, for a total value of $235,856.45. Following the transaction, the vice president now directly owns 219,666 shares of the company’s stock, valued at approximately $7,251,174.66. The disclosure for this sale can be found here. Insiders have sold 105,500 shares of company stock valued at $3,605,600 in the last three months.
Several institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. bought a new stake in Mplx Lp during the second quarter worth about $192,000. Cetera Advisor Networks LLC bought a new stake in Mplx Lp during the third quarter worth about $249,000. The Manufacturers Life Insurance Company bought a new stake in Mplx Lp during the third quarter worth about $324,000. KCG Holdings Inc. raised its stake in Mplx Lp by 14.3% in the second quarter. KCG Holdings Inc. now owns 10,026 shares of the company’s stock worth $337,000 after buying an additional 1,254 shares during the period. Finally, Fifth Third Bancorp raised its stake in Mplx Lp by 449.1% in the second quarter. Fifth Third Bancorp now owns 12,519 shares of the company’s stock worth $421,000 after buying an additional 10,239 shares during the period. 66.76% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on MPLX shares. Mizuho raised Mplx Lp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $42.00 in a research report on Wednesday, January 4th. Citigroup Inc. raised Mplx Lp from a “market perform” rating to a “strong-buy” rating in a research report on Monday, October 31st. Zacks Investment Research raised Mplx Lp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Evercore ISI upgraded Mplx Lp from a “hold” rating to a “buy” rating and lifted their price target for the company from $27.00 to $39.00 in a report on Thursday, December 8th. Finally, Raymond James Financial, Inc. upgraded Mplx Lp from a “mkt perform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Monday, October 31st. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Mplx Lp has an average rating of “Buy” and a consensus price target of $37.06.
Mplx Lp Company Profile
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products.