Equities research analysts expect Mplx Lp (NYSE:MPLX) to post sales of $1.75 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Mplx’s earnings, with the lowest sales estimate coming in at $1.73 billion and the highest estimate coming in at $1.77 billion. Mplx posted sales of $1.09 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 60.6%. The business is scheduled to issue its next earnings report on Thursday, February 7th.
According to Zacks, analysts expect that Mplx will report full-year sales of $6.34 billion for the current financial year, with estimates ranging from $6.10 billion to $6.48 billion. For the next fiscal year, analysts forecast that the business will post sales of $6.96 billion, with estimates ranging from $6.76 billion to $7.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Mplx.
Mplx (NYSE:MPLX) last issued its quarterly earnings results on Thursday, November 1st. The pipeline company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.62 billion. Mplx had a return on equity of 21.03% and a net margin of 27.99%. Mplx’s revenue for the quarter was up 74.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share.
A number of institutional investors have recently made changes to their positions in MPLX. Bank of Montreal Can purchased a new position in Mplx during the second quarter worth approximately $194,035,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Mplx during the second quarter worth approximately $153,497,000. Salient Capital Advisors LLC lifted its position in Mplx by 60.6% during the second quarter. Salient Capital Advisors LLC now owns 7,447,362 shares of the pipeline company’s stock worth $254,253,000 after buying an additional 2,810,467 shares in the last quarter. Chickasaw Capital Management LLC lifted its position in Mplx by 74.1% during the third quarter. Chickasaw Capital Management LLC now owns 5,708,264 shares of the pipeline company’s stock worth $197,963,000 after buying an additional 2,430,097 shares in the last quarter. Finally, Virtus ETF Advisers LLC purchased a new position in Mplx during the third quarter worth approximately $72,713,000. Hedge funds and other institutional investors own 31.57% of the company’s stock.
MPLX stock traded up $0.79 during mid-day trading on Monday, reaching $33.79. 1,116,164 shares of the company’s stock were exchanged, compared to its average volume of 1,701,282. The company has a market capitalization of $25.43 billion, a P/E ratio of 31.88, a P/E/G ratio of 2.20 and a beta of 1.30. Mplx has a 12-month low of $31.60 and a 12-month high of $39.38. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 1.85.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Monday, November 5th were given a dividend of $0.6375 per share. This is an increase from Mplx’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, November 2nd. This represents a $2.55 dividend on an annualized basis and a yield of 7.55%. Mplx’s dividend payout ratio (DPR) is presently 240.57%.
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.
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