Mplx Lp (NYSE:MPLX) Forecasted to Earn FY2025 Earnings of $3.39 Per Share

Posted by on Jun 26th, 2023

Mplx Lp (NYSE:MPLX – Get Rating) – Investment analysts at Zacks Research cut their FY2025 earnings per share (EPS) estimates for Mplx in a research note issued on Wednesday, June 21st. Zacks Research analyst N. Banerjee now forecasts that the pipeline company will post earnings per share of $3.39 for the year, down from their prior forecast of $3.47. The consensus estimate for Mplx’s current full-year earnings is $3.56 per share.

Mplx (NYSE:MPLX – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.60 billion. Mplx had a net margin of 34.67% and a return on equity of 30.74%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS.

Several other research analysts also recently commented on MPLX. JPMorgan Chase & Co. raised shares of Mplx from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $37.00 to $41.00 in a research note on Tuesday, March 14th. Barclays lifted their price target on shares of Mplx from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, April 5th. Morgan Stanley increased their price objective on Mplx from $41.00 to $42.00 in a research note on Tuesday, April 25th. Stifel Nicolaus lifted their target price on Mplx from $38.00 to $40.00 in a research report on Wednesday, May 10th. Finally, Raymond James dropped their price target on Mplx from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $38.60.

Mplx Stock Down 0.6 %

NYSE:MPLX opened at $33.23 on Monday. The company has a market cap of $33.27 billion, a price-to-earnings ratio of 8.56 and a beta of 1.43. Mplx has a twelve month low of $27.50 and a twelve month high of $35.37. The company has a current ratio of 1.53, a quick ratio of 1.43 and a debt-to-equity ratio of 1.69. The stock has a fifty day simple moving average of $34.08 and a 200-day simple moving average of $34.01.

Institutional Trading of Mplx

A number of institutional investors have recently made changes to their positions in MPLX. EverSource Wealth Advisors LLC raised its holdings in shares of Mplx by 32.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,698 shares of the pipeline company’s stock worth $154,000 after buying an additional 1,160 shares during the last quarter. Rollins Financial purchased a new position in Mplx in the 4th quarter worth $219,000. CWM LLC lifted its position in Mplx by 617.5% during the 4th quarter. CWM LLC now owns 15,778 shares of the pipeline company’s stock worth $518,000 after acquiring an additional 13,579 shares during the period. Veracity Capital LLC purchased a new stake in Mplx during the 4th quarter valued at about $842,000. Finally, HighTower Advisors LLC increased its holdings in shares of Mplx by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 485,959 shares of the pipeline company’s stock valued at $15,966,000 after purchasing an additional 3,004 shares during the period. Institutional investors and hedge funds own 22.89% of the company’s stock.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, May 5th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $3.10 dividend on an annualized basis and a yield of 9.33%. Mplx’s payout ratio is 79.90%.

About Mplx

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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, exchange, 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 sale of residue gas and condensate.

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Earnings History and Estimates for Mplx (NYSE:MPLX)

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