Mplx Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Mplx stock.
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Wall Street analysts have given Mplx a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Mplx wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Mplx saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 18,430,000 shares, an increase of 30.4% from the June 30th total of 14,130,000 shares. Based on an average daily trading volume, of 2,210,000 shares, the short-interest ratio is currently 8.3 days. Approximately 5.4% of the company's shares are short sold.
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Mplx is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Mplx.

Mplx will be holding an earnings conference call on Wednesday, August 4th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Mplx Lp (NYSE:MPLX) released its quarterly earnings results on Tuesday, May, 4th. The pipeline company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The pipeline company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.12 billion. Mplx had a net margin of 30.76% and a trailing twelve-month return on equity of 22.03%. The business's quarterly revenue was up 135.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($2.60) earnings per share.
View Mplx's earnings history.

Mplx's stock was trading at $15.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MPLX shares have increased by 86.5% and is now trading at $28.74.
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Mplx announced a quarterly dividend on Wednesday, July 28th. Stockholders of record on Friday, August 6th will be paid a dividend of $0.6875 per share on Friday, August 13th. This represents a $2.75 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend is Thursday, August 5th.
View Mplx's dividend history.

Mplx pays an annual dividend of $2.75 per share and currently has a dividend yield of 9.69%. MPLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Mplx does not yet have a strong track record of dividend growth. The dividend payout ratio of Mplx is 112.70%. 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 94.83% in the coming year. This indicates that Mplx may not be able to sustain their current dividend.
View Mplx's dividend history.

10 analysts have issued 1-year price objectives for Mplx's stock. Their forecasts range from $24.00 to $33.00. On average, they expect Mplx's share price to reach $30.12 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
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Some companies that are related to Mplx include Enbridge (ENB), Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), Holly Energy Partners (HEP), Plains GP (PAGP), NuStar Energy (NS), Delek Logistics Partners (DKL), BP Midstream Partners (BPMP), Genesis Energy (GEL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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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).

Mplx trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPLX."

Mplx's stock is owned by a variety of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (0.79%), Eagle Global Advisors LLC (0.16%), Beach Investment Counsel Inc. PA (0.07%), Spirit of America Management Corp NY (0.05%), Karpas Strategies LLC (0.01%) and Deroy & Devereaux Private Investment Counsel Inc. (0.01%). Company insiders that own Mplx stock include Garry L Peiffer, Gary R Heminger and Gregory Scott Floerke.
View institutional ownership trends for Mplx.

MPLX stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Beach Investment Counsel Inc. PA, Eagle Global Advisors LLC, Goodwin Daniel L, Karpas Strategies LLC, Spirit of America Management Corp NY, MAI Capital Management, and Obermeyer Wood Investment Counsel Lllp.
View insider buying and selling activity for Mplx or view top insider-selling stocks.

MPLX stock was purchased by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, Woodward Diversified Capital LLC, Segment Wealth Management LLC, Deroy & Devereaux Private Investment Counsel Inc., Avalon Investment & Advisory, Carnegie Capital Asset Management LLC, Exchange Traded Concepts LLC, and Tectonic Advisors LLC. Company insiders that have bought Mplx stock in the last two years include Garry L Peiffer, and Gary R Heminger.
View insider buying and selling activity for Mplx or or view top insider-buying stocks.

Shares of MPLX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MPLX stock can currently be purchased for approximately $28.74.

Mplx has a market capitalization of $29.59 billion and generates $7.57 billion in revenue each year. The pipeline company earns $-720,000,000.00 in net income (profit) each year or $2.44 on an earnings per share basis.

Mplx employs 5,700 workers across the globe.

Mplx was founded in 2012.

The official website for Mplx is www.mplx.com.

Mplx is headquartered at 200 EAST HARDIN STREET, FINDLAY OH, 45840.

Mplx's mailing address is 200 EAST HARDIN STREET, FINDLAY OH, 45840. The pipeline company can be reached via phone at 419-421-2414 or via email at [email protected]