Q4 Earnings Forecast for Mplx Issued By US Capital Advisors

Mplx Lp (NYSE:MPLX) – Research analysts at US Capital Advisors lifted their Q4 2024 earnings estimates for Mplx in a note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $1.04 for the quarter, up from their previous estimate of $1.03. The consensus estimate for Mplx’s current full-year earnings is $4.26 per share. US Capital Advisors also issued estimates for Mplx’s Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.11 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $4.33 EPS and FY2026 earnings at $4.47 EPS.

Several other equities research analysts have also issued reports on MPLX. Wells Fargo & Company raised their price objective on Mplx from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group raised their price target on Mplx from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Truist Financial boosted their price objective on shares of Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. StockNews.com cut shares of Mplx from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 22nd. Finally, Barclays boosted their price objective on Mplx from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.44.

Mplx Trading Up 1.8 %

Shares of MPLX opened at $50.53 on Wednesday. The company’s fifty day moving average is $45.50 and its 200 day moving average is $43.18. Mplx has a fifty-two week low of $35.51 and a fifty-two week high of $50.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $51.48 billion, a PE ratio of 11.92, a P/E/G ratio of 2.87 and a beta of 1.37.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.04). The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Mplx had a net margin of 36.77% and a return on equity of 32.70%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS.

Mplx Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a $0.9565 dividend. The ex-dividend date was Friday, November 8th. This is an increase from Mplx’s previous quarterly dividend of $0.85. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.57%. Mplx’s dividend payout ratio (DPR) is currently 90.33%.

Insider Transactions at Mplx

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’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 transaction of $188,960.00. Following the completion of the transaction, the vice president now owns 14,750 shares in the company, valued at $696,790. The trade was a 21.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On Mplx

Several institutional investors have recently bought and sold shares of MPLX. Catalyst Capital Advisors LLC grew its stake in Mplx by 7.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 280,885 shares of the pipeline company’s stock worth $12,488,000 after buying an additional 19,320 shares during the last quarter. ING Groep NV grew its position in Mplx by 69.8% during the 3rd quarter. ING Groep NV now owns 6,628,400 shares of the pipeline company’s stock worth $294,699,000 after purchasing an additional 2,725,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Mplx by 22.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 81,884 shares of the pipeline company’s stock worth $3,487,000 after buying an additional 14,782 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Mplx by 27.2% during the third quarter. Lindbrook Capital LLC now owns 52,128 shares of the pipeline company’s stock worth $2,318,000 after buying an additional 11,144 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Mplx by 40.5% during the second quarter. Envestnet Asset Management Inc. now owns 361,257 shares of the pipeline company’s stock valued at $15,386,000 after buying an additional 104,218 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors and hedge funds.

About Mplx

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, 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 renewables; and sale of residue gas and condensate.