MPLX (MPLX) Stock Price, News & Analysis

Company Overview

MPLX is a diversified master limited partnership formed in 2012 as a subsidiary of Marathon Petroleum Corporation. As a midstream energy infrastructure company, it focuses on the gathering, processing, transportation and storage of crude oil, refined products, natural gas liquids (NGLs) and renewable fuels. MPLX operates as an independent entity, maintaining commercial arrangements with affiliated and third-party producers, refiners and distributors to ensure stable throughput and capacity utilization.

The company’s main business activities include operating crude oil and refined product pipelines, owning and managing terminal and storage facilities, and providing trucking and marine logistics services. MPLX’s pipeline network links major production basins and refinery complexes, enabling efficient movement of hydrocarbons. Its storage terminals offer inventory management solutions for both petroleum products and feedstocks, featuring access to barge, rail and truck loading racks to serve diverse customer requirements.

In addition to traditional hydrocarbon transportation, MPLX is a significant player in NGL gathering and processing. The partnership’s processing plants extract ethane, propane and butane from natural gas streams, while its fractionation facilities purify and separate these liquids for sale into petrochemical, heating and blending markets. More recently, MPLX has expanded into renewable fuels logistics, supporting the distribution of ethanol, biodiesel and renewable diesel through dedicated pipelines and storage tanks to help customers meet evolving regulatory mandates.

Headquartered in Findlay, Ohio, MPLX serves key energy regions across the United States, including the Gulf Coast, Midwest, Rocky Mountains, Northeast and West Coast. Under the leadership of Chief Executive Officer Michael Hennigan, the company emphasizes operational reliability, strategic growth and environmental stewardship. MPLX continues to evaluate capital projects, acquisitions and joint ventures aimed at enhancing its asset footprint and meeting customer demands for flexible, low-cost midstream solutions.

Key Stats

• Today's Range: $50.15 to $50.87
• 50-Day Range: $48.97 to $52.12
• 52-Week Range: $39.95 to $54.87
• Volume: 1.08 million shs
• Average Volume: 1.64 million shs
• Market Capitalization: $51.58 billion
• P/E Ratio: 11.67
• Dividend Yield: 7.58%
• Price Target: $55.63
• Consensus Rating: Moderate Buy

MPLX Stock Analysis - MarketRank™

MPLX scored higher than 63% of companies evaluated by MarketBeat, and ranked 125th out of 259 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

MPLX has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 6 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

MPLX has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.67%

Earnings Growth

Earnings for MPLX are expected to grow by 5.67% in the coming year, from $4.41 to $4.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MPLX is 11.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of MPLX is 11.67, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 66.52.

Price to Earnings Growth Ratio

MPLX has a PEG Ratio of 1.31. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

MPLX has a P/B Ratio of 3.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.91% of the float of MPLX has been sold short.

Short Interest Ratio / Days to Cover

MPLX has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in MPLX has recently decreased by 9.59%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

MPLX is a leading dividend payer. It pays a dividend yield of 7.61%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

MPLX has been increasing its dividend for 9 years.

Dividend Coverage

The dividend payout ratio of MPLX is 88.45%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, MPLX will have a dividend payout ratio of 82.19% in the coming year. This indicates that MPLX may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.91% of the float of MPLX has been sold short.

Short Interest Ratio / Days to Cover

MPLX has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in MPLX has recently decreased by 9.59%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.56

News Sentiment

MPLX has a news sentiment score of 1.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for MPLX this week, compared to 10 articles on an average week.

Search Interest

Only 32 people have searched for MPLX on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.

MarketBeat Follows

32 people have added MPLX to their MarketBeat watchlist in the last 30 days. This is an increase of 357% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MPLX insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 24.25% of the stock of MPLX is held by institutions.

MPLX Stock Analysis - Frequently Asked Questions

How have MPLX shares performed this year?

MPLX's stock was trading at $47.86 on January 1st, 2025. Since then, MPLX shares have increased by 5.6% and is now trading at $50.5250.

How were MPLX's earnings last quarter?

MPLX LP (NYSE:MPLX) released its earnings results on Tuesday, May, 6th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. The firm's revenue was up 9.8% compared to the same quarter last year.
Read the conference call transcript.

Who are MPLX's major shareholders?

Top institutional shareholders of MPLX include Kingstone Capital Partners Texas LLC (1.48%), Chickasaw Capital Management LLC (0.54%), Miller Howard Investments Inc. NY (0.22%) and Eagle Global Advisors LLC (0.19%). Insiders that own company stock include Shawn M Lyon and Carl Kristopher Hagedorn.
View institutional ownership trends.

How do I buy shares of MPLX?

Shares of MPLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of MPLX own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MPLX investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Enterprise Products Partners (EPD), Energy Transfer (ET), NVIDIA (NVDA), Meta Platforms (META) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 5/06/2025
• Record date for 5/16 Dividend: 5/09/2025
• Ex-Dividend for 5/16 Dividend: 5/09/2025
• Dividend Payable: 5/16/2025
• Today: 7/22/2025
• Next Earnings (Estimated): 8/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL - PROD/PIPELN
• Sub-Industry: Transportation
• Current Symbol: NYSE:MPLX
• CIK: 1552000
• Web: www.mplx.com
• Phone: (419) 421-2414
• Fax: N/A
• Employees: 5,560
• Year Founded: 2012

Price Target and Rating

• Average Price Target for MPLX: $55.63
• High Price Target: $62.00
• Low Price Target: $43.00
• Potential Upside/Downside: +10.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.33
• Trailing P/E Ratio: 11.67
• Forward P/E Ratio: 11.46
• P/E Growth: 1.31
• Net Income: $4.32 billion
• Net Margins: 36.34%
• Pretax Margin: 36.75%
• Return on Equity: 32.08%
• Return on Assets: 11.57%

Debt

• Debt-to-Equity Ratio: 1.40
• Current Ratio: 1.08
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $11.93 billion
• Price / Sales: 4.32
• Cash Flow: $5.59 per share
• Price / Cash Flow: 9.04
• Book Value: $13.58 per share
• Price / Book: 3.72

Miscellaneous

• Outstanding Shares: 1,020,800,000
• Free Float: N/A
• Market Cap: $51.58 billion
• Optionable: Optionable
• Beta: 0.73