Mplx (MPLX) Stock Price, News & Analysis

$41.76
+0.28 (+0.68%)
(As of 04/24/2024 ET)
Today's Range
$41.25
$41.87
50-Day Range
$38.46
$42.35
52-Week Range
$33.12
$42.89
Volume
2.05 million shs
Average Volume
2.20 million shs
Market Capitalization
$42.21 billion
P/E Ratio
10.96
Dividend Yield
8.14%
Price Target
$43.86

Mplx MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
5.0% Upside
$43.86 Price Target
Short Interest
Healthy
3.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.66mentions of Mplx in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.08%
From $4.11 to $4.36 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.87 out of 5 stars

Oils/Energy Sector

178th out of 232 stocks

Pipelines, Except Natural Gas Industry

6th out of 9 stocks

MPLX stock logo

About Mplx Stock (NYSE:MPLX)

MPLX LP is a leading midstream energy infrastructure and logistics company operating primarily in the United States. With headquarters in Findlay, Ohio, MPLX LP was founded in 2012 as a subsidiary of Marathon Petroleum Corporation. The company plays a vital role in the gathering, processing, transporting, and storing of various energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined products, and other hydrocarbon-based commodities. MPLX LP operates through two main segments: Logistics and Storage and Gathering and Processing.

MPLX LP's mission is to provide reliable and efficient midstream solutions that connect energy producers to consumers. The company strives to facilitate the safe and timely movement of energy products, supporting the overall energy infrastructure of the United States. With an extensive network of pipelines, terminals, storage facilities, and marine assets, MPLX LP contributes to the seamless energy flow across key regions, ensuring reliable supply for end-users.

The company's target market encompasses a wide range of industries, including oil and gas producers, refineries, petrochemical manufacturers, and other energy-related entities. MPLX LP is a crucial link in the energy value chain by offering comprehensive midstream services, helping its customers efficiently transport and store their products.

MPLX LP is led by a seasoned management team that brings industry expertise and strategic vision to the company's operations. At the helm is Michael J. Hennigan, who assumed the role of Chairman, President, and Chief Executive Officer in 2019. With a strong track record in the energy sector, Hennigan spearheads MPLX LP's strategic initiatives and oversees the company's overall performance.

MPLX LP has demonstrated a solid financial performance in recent years, reflecting its effective management and strategic positioning within the midstream energy industry. The company has consistently delivered strong revenue growth. This upward trajectory can be attributed to its extensive asset base and the growing demand for energy infrastructure services.

The company has achieved a healthy net profit margin of over 30%, showcasing its ability to generate robust returns on its operations. These results highlight MPLX LP's effective cost management and operational efficiency.

While MPLX LP has reported notable financial success, it is essential to consider the company's debt levels and their impact on its overall financial picture. MPLX LP maintains a debt-to-equity ratio that indicates a moderate level of debt. It is crucial for the company to carefully manage its debt obligations to maintain financial stability and flexibility in the face of potential market fluctuations.

MPLX LP operates within the midstream energy infrastructure sector, which is critical in facilitating the efficient transportation, storage, and distribution of energy products. The company competes in the pipelines and storage sub-industry, providing essential services to support the energy value chain.

Within the industry, MPLX LP possesses a competitive advantage due to its extensive network of assets, strategic locations, and established customer relationships. The company's scale and comprehensive midstream capabilities position it favorably to serve its target market effectively.

MPLX LP stands well-positioned to capitalize on various growth opportunities within the energy sector. As the demand for energy products continues to rise, the need for reliable midstream infrastructure is paramount. MPLX LP can leverage its existing assets and industry expertise to expand its operations and capture a larger market share.

The company's competitive advantages, such as its extensive pipeline network and storage capacity, enable it to accommodate increasing volumes of energy products. MPLX LP can explore strategic partnerships, acquisitions, and organic growth initiatives to enhance its market position further and pursue attractive growth prospects.

While MPLX LP exhibits strength in its operations, it is important to consider the potential risks and challenges that could impact its performance. The company operates in a highly regulated industry, subject to changing governmental policies, environmental considerations, and market dynamics. Adapting to evolving regulations and maintaining compliance is crucial for continued success.

Additionally, fluctuations in energy prices and market conditions can influence the demand for midstream services. MPLX LP must navigate potential volatility in commodity markets and adapt to customer needs and preferences changes. The company's risk management strategies, including hedging and diversification, are pivotal in mitigating these risks.

MPLX Stock Price History

MPLX Stock News Headlines

MPLX LP Announces Quarterly Distribution
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Mplx (MPLX) to Release Earnings on Tuesday
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J.P. Morgan Keeps Their Buy Rating on MPLX (MPLX)
Mplx (NYSE:MPLX) Price Target Raised to $49.00
Upside Isn't Over For MPLX LP Yet
Expert Outlook: MPLX Through The Eyes Of 4 Analysts
MPLX: Expect Continued Steady Growth And Returns
See More Headlines
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Company Calendar

Last Earnings
1/30/2024
Ex-Dividend for 2/14 Dividend
2/02/2024
Dividend Payable
2/14/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
5,810
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$43.86
High Stock Price Target
$49.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+4.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$3.93 billion
Pretax Margin
35.25%

Debt

Sales & Book Value

Annual Sales
$10.43 billion
Cash Flow
$5.26 per share
Book Value
$12.65 per share

Miscellaneous

Outstanding Shares
1,010,717,000
Free Float
N/A
Market Cap
$42.29 billion
Optionable
Optionable
Beta
1.35

Social Links

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Key Executives

  • Mr. Michael J. Hennigan (Age 65)
    Chairman of the Board, President & CEO of MPLX GP LLC
    Comp: $7.11M
  • Mr. Gregory Scott FloerkeMr. Gregory Scott Floerke (Age 61)
    Executive VP & COO
    Comp: $1.43M
  • Mr. Shawn M. Lyon (Age 56)
    Senior Vice President of Logistics & Storage
    Comp: $1.33M
  • Mr. Carl Kristopher Hagedorn (Age 48)
    Executive VP, CFO & Director
  • Ms. Kelly D. Wright (Age 41)
    VP, Controller & Principal Accounting Officer of MPLX GP LLC
  • Ms. Kristina Anna Kazarian (Age 41)
    Vice President of Finance & Investor Relations - MPLX GP LLC
  • Ms. Molly R. Benson (Age 57)
    Chief Legal Officer & Corporate Secretary of MPLX GP LLC
  • Mr. Timothy J. Aydt (Age 60)
    Executive Vice President of MPLX GP LLC
    Comp: $1.89M
  • Mr. Raymond L. Brooks (Age 63)
    Senior Vice President
  • Mr. Phillip M. Anderson Jr. (Age 58)
    Senior Vice President of Business Development of MPLX GP LLC

MPLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Mplx stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MPLX shares.
View MPLX analyst ratings
or view top-rated stocks.

What is Mplx's stock price target for 2024?

7 analysts have issued 12-month price targets for Mplx's shares. Their MPLX share price targets range from $40.00 to $49.00. On average, they expect the company's stock price to reach $43.86 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for MPLX
or view top-rated stocks among Wall Street analysts.

How have MPLX shares performed in 2024?

Mplx's stock was trading at $36.72 at the beginning of the year. Since then, MPLX shares have increased by 13.7% and is now trading at $41.76.
View the best growth stocks for 2024 here
.

When is Mplx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our MPLX earnings forecast
.

How can I listen to Mplx's earnings call?

Mplx will be holding an earnings conference call on Tuesday, April 30th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Mplx's earnings last quarter?

Mplx Lp (NYSE:MPLX) released its earnings results on Tuesday, January, 30th. The pipeline company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.15. The pipeline company earned $2.97 billion during the quarter, compared to analyst estimates of $2.88 billion. Mplx had a trailing twelve-month return on equity of 31.85% and a net margin of 34.82%. The company's revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share.

How often does Mplx pay dividends? What is the dividend yield for Mplx?

Mplx declared a quarterly dividend on Wednesday, April 24th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.85 per share on Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date is Thursday, May 2nd.
Read our dividend analysis for MPLX
.

Is Mplx a good dividend stock?

Mplx (NYSE:MPLX) pays an annual dividend of $3.40 per share and currently has a dividend yield of 8.36%. MPLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 89.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MPLX will have a dividend payout ratio of 77.98% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MPLX.

What other stocks do shareholders of Mplx own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mplx investors own include Enterprise Products Partners (EPD), Energy Transfer (ET), AT&T (T), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Altria Group (MO), New Residential Investment (NRZ), Kinder Morgan (KMI) and Cisco Systems (CSCO).

Who are Mplx's major shareholders?

Mplx's stock is owned by a number of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (0.54%), Miller Howard Investments Inc. NY (0.24%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.13%), Raymond James Financial Services Advisors Inc. (0.05%), Raymond James & Associates (0.04%) and Maryland State Retirement & Pension System (0.03%). Insiders that own company stock include Frank M Semple and Gregory Scott Floerke.
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.
Compare Top Brokerages Here.

This page (NYSE:MPLX) was last updated on 4/25/2024 by MarketBeat.com Staff

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