US Capital Advisors Estimates Mplx’s Q4 Earnings (NYSE:MPLX)

Mplx Lp (NYSE:MPLX) – US Capital Advisors boosted their Q4 2024 earnings estimates for shares of Mplx in a research report issued 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 forecast 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.

Mplx (NYSE:MPLX) last issued its quarterly 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). The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.09 billion. Mplx had a return on equity of 32.70% and a net margin of 36.77%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share.

Other research analysts have also issued reports about the stock. Barclays increased their price target on shares of Mplx from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Truist Financial increased 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 downgraded shares of Mplx from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 22nd. 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. Finally, Royal Bank of Canada increased their price objective on shares of Mplx from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.44.

Mplx Stock Up 1.1 %

Shares of Mplx stock opened at $49.62 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.95. The company has a 50-day moving average of $45.24 and a 200 day moving average of $43.07. The firm has a market cap of $50.55 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 2.87 and a beta of 1.37. Mplx has a 1 year low of $35.51 and a 1 year high of $49.88.

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 dividend of $0.9565 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Mplx’s previous quarterly dividend of $0.85. Mplx’s dividend payout ratio (DPR) is presently 90.33%.

Insider Activity

In related news, VP Carl Kristopher Hagedorn sold 4,000 shares of the firm’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 value of $188,960.00. Following the transaction, the vice president now owns 14,750 shares of the company’s stock, valued at approximately $696,790. This trade represents a 21.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MPLX. ING Groep NV increased its stake in shares of Mplx by 69.8% in 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 in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Mplx by 4,274.2% in the second quarter. Strategic Financial Concepts LLC now owns 811,371 shares of the pipeline company’s stock worth $346,000 after buying an additional 792,822 shares during the period. FMR LLC raised its stake in shares of Mplx by 387.4% in the third quarter. FMR LLC now owns 823,467 shares of the pipeline company’s stock worth $36,611,000 after buying an additional 654,500 shares during the period. Tortoise Capital Advisors L.L.C. grew its stake in shares of Mplx by 2.4% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 14,825,905 shares of the pipeline company’s stock valued at $631,435,000 after acquiring an additional 353,324 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in Mplx by 17.0% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,498,796 shares of the pipeline company’s stock valued at $66,636,000 after purchasing an additional 217,674 shares in the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Company Profile

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.