Mplx (NYSE:MPLX) Announces Quarterly Earnings Results

Mplx (NYSE:MPLX) announced its quarterly earnings data on Tuesday. The pipeline company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03, Zacks reports. Mplx had a net margin of 36.77% and a return on equity of 32.70%.

Mplx Stock Performance

NYSE MPLX opened at $51.38 on Tuesday. The firm has a market capitalization of $52.35 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 2.33 and a beta of 1.42. The firm’s fifty day moving average price is $49.39 and its two-hundred day moving average price is $45.79. Mplx has a 1 year low of $37.04 and a 1 year high of $53.55. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.9565 per share. This represents a $3.83 annualized dividend and a yield of 7.45%. The ex-dividend date is Monday, February 3rd. Mplx’s dividend payout ratio (DPR) is currently 90.33%.

Insider Activity

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $47.24, for a total value of $188,960.00. Following the sale, the vice president now directly owns 14,750 shares in the company, valued at approximately $696,790. This trade represents a 21.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. UBS Group boosted their price objective on shares of Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America assumed coverage on shares of Mplx in a report on Thursday, October 17th. They issued an “underperform” rating and a $43.00 price objective on the stock. Royal Bank of Canada boosted their price objective on shares of Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial boosted their price objective on shares of Mplx from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Mplx has an average rating of “Moderate Buy” and an average price target of $50.50.

Mplx Company Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.