Mplx (MPLX) Projected to Post Earnings on Tuesday

Mplx (NYSE:MPLX) is projected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $3.07 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Mplx (NYSE:MPLX) last announced its earnings results on Tuesday, November 5th. The pipeline company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.04). Mplx had a net margin of 36.77% and a return on equity of 32.70%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect Mplx to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Mplx Trading Down 2.5 %

Shares of MPLX opened at $52.03 on Monday. The business has a 50-day moving average of $49.39 and a 200 day moving average of $45.76. Mplx has a fifty-two week low of $37.04 and a fifty-two week high of $53.55. The firm has a market cap of $53.01 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 2.31 and a beta of 1.43. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.9565 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.83 annualized dividend and a yield of 7.35%. Mplx’s dividend payout ratio is currently 90.33%.

Insider Transactions at Mplx

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $47.24, for a total value of $188,960.00. Following the completion of the transaction, the vice president now owns 14,750 shares of the company’s stock, valued at $696,790. The trade was a 21.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MPLX shares. Bank of America started coverage on Mplx in a research report on Thursday, October 17th. They set an “underperform” rating and a $43.00 price target for the company. Wells Fargo & Company lifted their price target on Mplx from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on Mplx from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Truist Financial upped their price target on Mplx from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com cut Mplx from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Mplx presently has a consensus rating of “Moderate Buy” and an average target price 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.