Mplx (NYSE:MPLX) was downgraded by research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat.com reports. They currently have a $38.00 price target on the pipeline company’s stock. Jefferies Group’s target price indicates a potential upside of 5.00% from the company’s current price. Jefferies Group also issued estimates for Mplx’s Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.42 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.47 EPS and Q4 2019 earnings at $0.47 EPS.

Several other research analysts have also recently weighed in on MPLX. BidaskClub cut shares of Mplx from a “sell” rating to a “strong sell” rating in a research report on Friday, October 13th. Zacks Investment Research cut shares of Mplx from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Barclays restated a “buy” rating and issued a $39.00 price objective on shares of Mplx in a research report on Thursday, October 19th. Mizuho restated a “buy” rating and issued a $40.00 price objective on shares of Mplx in a research report on Friday, October 20th. Finally, Stifel Nicolaus decreased their price objective on shares of Mplx from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.91.

Mplx (NYSE MPLX) opened at $36.19 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.54 and a quick ratio of 0.48. The firm has a market cap of $15,030.00, a P/E ratio of 34.47, a P/E/G ratio of 2.89 and a beta of 1.32. Mplx has a 52-week low of $30.88 and a 52-week high of $39.43.

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 the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $937.04 million. Mplx had a return on equity of 6.99% and a net margin of 17.90%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share. analysts anticipate that Mplx will post 1.8 EPS for the current year.

In other Mplx news, VP Gregory Scott Floerke sold 4,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $34.69, for a total transaction of $138,760.00. Following the transaction, the vice president now directly owns 83,598 shares in the company, valued at $2,900,014.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 8,000 shares of company stock worth $284,760 over the last quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of MPLX. Alliancebernstein L.P. grew its position in Mplx by 5.9% during the second quarter. Alliancebernstein L.P. now owns 69,475 shares of the pipeline company’s stock valued at $2,320,000 after acquiring an additional 3,882 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Mplx by 15.5% during the second quarter. Advisor Group Inc. now owns 6,140 shares of the pipeline company’s stock valued at $205,000 after purchasing an additional 822 shares during the period. CNH Partners LLC boosted its stake in shares of Mplx by 0.4% during the second quarter. CNH Partners LLC now owns 23,115 shares of the pipeline company’s stock valued at $772,000 after purchasing an additional 100 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Mplx by 9.1% during the second quarter. Moors & Cabot Inc. now owns 12,215 shares of the pipeline company’s stock valued at $407,000 after purchasing an additional 1,014 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Mplx during the second quarter valued at approximately $2,044,000. Institutional investors and hedge funds own 63.96% of the company’s stock.

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About Mplx

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.

Analyst Recommendations for Mplx (NYSE:MPLX)

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