Credit Suisse Group started coverage on shares of Mplx (NYSE:MPLX) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $45.00 price target on the pipeline company’s stock. Credit Suisse Group’s target price indicates a potential upside of 28.28% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Mplx from a “buy” rating to a “hold” rating in a report on Thursday, July 5th. ValuEngine cut shares of Mplx from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Mplx in a report on Tuesday. Stifel Nicolaus lifted their target price on shares of Mplx from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, Jefferies Financial Group raised shares of Mplx from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.69.

Shares of NYSE MPLX opened at $35.08 on Thursday. Mplx has a 1 year low of $31.60 and a 1 year high of $39.38. The stock has a market cap of $27.54 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 2.50 and a beta of 1.39. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.61 and a quick ratio of 0.55.

Mplx (NYSE:MPLX) last issued its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Mplx had a net margin of 24.22% and a return on equity of 14.43%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $0.26 earnings per share. The company’s revenue was up 72.3% on a year-over-year basis. As a group, research analysts forecast that Mplx will post 2.31 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its stake in shares of Mplx by 2.6% in the second quarter. Chicago Partners Investment Group LLC now owns 288,642 shares of the pipeline company’s stock worth $9,854,000 after acquiring an additional 7,200 shares during the period. US Bancorp DE grew its stake in shares of Mplx by 4.2% in the second quarter. US Bancorp DE now owns 71,341 shares of the pipeline company’s stock worth $2,436,000 after acquiring an additional 2,865 shares during the period. Raymond James & Associates grew its stake in shares of Mplx by 8.0% in the second quarter. Raymond James & Associates now owns 509,135 shares of the pipeline company’s stock worth $17,382,000 after acquiring an additional 37,740 shares during the period. Bank of Montreal Can bought a new stake in shares of Mplx in the second quarter worth approximately $194,035,000. Finally, Tiedemann Advisors LLC grew its stake in shares of Mplx by 949.9% in the second quarter. Tiedemann Advisors LLC now owns 82,798 shares of the pipeline company’s stock worth $2,826,000 after acquiring an additional 74,912 shares during the period. Hedge funds and other institutional investors own 31.21% of the company’s stock.

About Mplx

MPLX LP is a fee-based, growth-oriented limited partnership company. It is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products.

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Analyst Recommendations for Mplx (NYSE:MPLX)

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