Analysts Set Expectations for Mplx Lp’s Q1 2020 Earnings (MPLX)

Mplx Lp (NYSE:MPLX) – Stock analysts at Mitsubishi UFJ Financial Group issued their Q1 2020 earnings per share estimates for Mplx in a research report issued to clients and investors on Thursday, February 7th. Mitsubishi UFJ Financial Group analyst B. Blaschke anticipates that the pipeline company will earn $0.78 per share for the quarter.

Several other brokerages also recently weighed in on MPLX. Zacks Investment Research raised Mplx from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, February 6th. Evercore ISI initiated coverage on Mplx in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Bank of America restated a “neutral” rating and set a $41.00 target price (up from $36.00) on shares of Mplx in a research report on Thursday, December 6th. UBS Group cut their price target on Mplx to $41.00 and set an “overweight” rating for the company in a research note on Thursday, February 7th. Finally, Citigroup cut their price target on Mplx from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. Mplx currently has a consensus rating of “Buy” and a consensus target price of $40.50.

Shares of MPLX opened at $32.63 on Monday. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 2.14 and a beta of 1.34. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.70 and a current ratio of 0.77. Mplx has a fifty-two week low of $28.32 and a fifty-two week high of $39.01.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Thursday, February 7th. The pipeline company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.16). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Mplx had a return on equity of 26.12% and a net margin of 28.30%. Mplx’s revenue for the quarter was up 58.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Tuesday, February 5th will be given a $0.6475 dividend. The ex-dividend date is Monday, February 4th. This is a positive change from Mplx’s previous quarterly dividend of $0.64. This represents a $2.59 dividend on an annualized basis and a dividend yield of 7.94%. Mplx’s dividend payout ratio is 113.10%.

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC purchased a new stake in shares of Mplx in the fourth quarter valued at approximately $28,000. We Are One Seven LLC purchased a new stake in shares of Mplx in the fourth quarter valued at approximately $52,000. IFP Advisors Inc grew its position in shares of Mplx by 65.0% in the fourth quarter. IFP Advisors Inc now owns 2,543 shares of the pipeline company’s stock valued at $77,000 after purchasing an additional 1,002 shares in the last quarter. Whittier Trust Co. grew its position in shares of Mplx by 11,150.0% in the fourth quarter. Whittier Trust Co. now owns 3,150 shares of the pipeline company’s stock valued at $95,000 after purchasing an additional 3,122 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Mplx in the third quarter valued at approximately $104,000. Institutional investors and hedge funds own 31.28% of the company’s stock.

About Mplx

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.

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