Mplx (MPLX) Expected to Announce Earnings on Tuesday

Mplx (NYSE:MPLX) is anticipated to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.03 per share and revenue of $3,063,302.19 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

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

Shares of MPLX stock opened at $50.80 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 1.40. Mplx has a 12 month low of $37.04 and a 12 month high of $53.15. The stock has a market cap of $51.76 billion, a P/E ratio of 11.98, a P/E/G ratio of 2.34 and a beta of 1.43. The company has a 50 day simple moving average of $49.02 and a two-hundred day simple moving average of $45.45.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders 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 dividend yield of 7.53%. Mplx’s dividend payout ratio (DPR) is 90.09%.

Insider Transactions at Mplx

In other news, VP Carl Kristopher Hagedorn sold 4,000 shares of Mplx 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 sale, the vice president now directly owns 14,750 shares of the company’s stock, valued at approximately $696,790. The trade was a 21.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays lifted their target price on Mplx from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Royal Bank of Canada boosted their price objective on Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Wells Fargo & Company raised their target price on shares of Mplx from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. StockNews.com lowered shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Bank of America initiated coverage on shares of Mplx in a research report on Thursday, October 17th. They set an “underperform” rating and a $43.00 price objective on the stock. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.89.

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.