Mplx (NYSE:MPLX – Get Free Report) 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
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.
Get Our Latest Analysis on Mplx
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.
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