MPLX (MPLX) Research Coverage Started at Deutsche Bank

Deutsche Bank assumed coverage on shares of MPLX (NYSE:MPLX) in a research report released on Thursday. The brokerage issued a buy rating and a $40.00 price target on the pipeline company’s stock.

MPLX has been the subject of a number of other reports. Jefferies Group cut MPLX from a buy rating to a hold rating and set a $38.00 price objective for the company. in a research report on Monday, February 5th. ValuEngine cut MPLX from a hold rating to a sell rating in a research report on Thursday, March 1st. Zacks Investment Research raised MPLX from a hold rating to a buy rating and set a $38.00 price objective for the company in a research report on Wednesday, March 28th. Morgan Stanley raised MPLX from an equal rating to a weight rating and set a $40.00 price target for the company in a report on Friday, March 23rd. Finally, Credit Suisse Group started coverage on MPLX in a report on Thursday, January 4th. They issued an outperform rating and a $43.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. MPLX presently has an average rating of Buy and a consensus price target of $41.23.

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MPLX stock opened at $33.86 on Thursday. MPLX has a twelve month low of $30.88 and a twelve month high of $39.38. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of 0.70. The company has a market cap of $26,876.38, a price-to-earnings ratio of 31.94, a P/E/G ratio of 3.17 and a beta of 1.26.

MPLX (NYSE:MPLX) last posted its quarterly earnings data on Thursday, February 1st. The pipeline company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). MPLX had a return on equity of 6.98% and a net margin of 17.90%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $937.04 million. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s revenue was up 27.9% compared to the same quarter last year. research analysts forecast that MPLX will post 1.91 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SWS Partners purchased a new position in MPLX in the 4th quarter valued at approximately $149,000. Captrust Financial Advisors purchased a new position in MPLX in the 4th quarter valued at approximately $179,000. Stuart Chaussee & Associates Inc. purchased a new position in MPLX in the 4th quarter valued at approximately $195,000. American Century Companies Inc. purchased a new position in MPLX in the 4th quarter valued at approximately $204,000. Finally, Quadrant Private Wealth Management LLC purchased a new position in MPLX in the 4th quarter valued at approximately $227,000. 31.86% of the stock is owned by hedge funds and other institutional investors.

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About MPLX

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.

Analyst Recommendations for MPLX (NYSE:MPLX)

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