Mplx Lp (NYSE:MPLX) to Post FY2024 Earnings of $3.93 Per Share, US Capital Advisors Forecasts

Mplx Lp (NYSE:MPLXFree Report) – Investment analysts at US Capital Advisors cut their FY2024 EPS estimates for shares of Mplx in a research report issued on Monday, January 29th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $3.93 per share for the year, down from their prior estimate of $3.94. The consensus estimate for Mplx’s current full-year earnings is $3.90 per share. US Capital Advisors also issued estimates for Mplx’s FY2025 earnings at $4.07 EPS.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada upped their price target on shares of Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group began coverage on shares of Mplx in a report on Thursday, October 5th. They set a “buy” rating and a $40.00 target price on the stock. StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Raymond James upped their target price on shares of Mplx from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.13.

Check Out Our Latest Stock Report on MPLX

Mplx Stock Performance

Shares of MPLX stock opened at $38.84 on Thursday. The stock has a market capitalization of $38.89 billion, a P/E ratio of 10.19 and a beta of 1.37. The company has a current ratio of 1.96, a quick ratio of 1.85 and a debt-to-equity ratio of 1.65. The firm’s 50 day moving average is $36.81 and its 200 day moving average is $35.82. Mplx has a 12 month low of $33.03 and a 12 month high of $39.22.

Mplx (NYSE:MPLXGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Mplx had a net margin of 34.82% and a return on equity of 32.15%. Mplx’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS.

Mplx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Friday, February 2nd. Mplx’s payout ratio is 89.24%.

Hedge Funds Weigh In On Mplx

A number of institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its holdings in shares of Mplx by 204.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,965 shares of the pipeline company’s stock worth $403,000 after buying an additional 7,363 shares during the last quarter. PSI Advisors LLC increased its holdings in shares of Mplx by 63.6% in the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock worth $33,000 after buying an additional 350 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Mplx by 53.0% in the 4th quarter. Signaturefd LLC now owns 4,632 shares of the pipeline company’s stock worth $170,000 after buying an additional 1,605 shares during the last quarter. NBW Capital LLC increased its holdings in shares of Mplx by 28.9% in the 4th quarter. NBW Capital LLC now owns 271,861 shares of the pipeline company’s stock worth $9,983,000 after buying an additional 61,019 shares during the last quarter. Finally, Wealth Alliance increased its holdings in shares of Mplx by 4.1% in the 4th quarter. Wealth Alliance now owns 15,155 shares of the pipeline company’s stock worth $556,000 after buying an additional 595 shares during the last quarter. Institutional investors own 22.43% of the company’s stock.

About Mplx

(Get Free Report)

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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