Mplx - MPLX Stock Forecast, Price & News

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MPLX. US Capital Advisors lowered shares of Mplx from an "overweight" rating to a "hold" rating in a report on Tuesday, July 26th. UBS Group dropped their price objective on shares of Mplx from $41.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, July 8th. Morgan Stanley upped their price objective on shares of Mplx from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Tuesday, April 26th. Finally, Raymond James upped their price objective on shares of Mplx from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, April 20th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Mplx currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.14.

Mplx Stock Down 0.6 %

Shares of MPLX traded down $0.19 on Wednesday, reaching $32.60. The company's stock had a trading volume of 29,139 shares, compared to its average volume of 1,474,553. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.63. Mplx has a twelve month low of $26.80 and a twelve month high of $35.49. The stock has a market capitalization of $33.00 billion, a PE ratio of 10.48 and a beta of 1.55. The firm has a fifty day moving average of $30.51 and a 200-day moving average of $31.95.

Mplx (NYSE:MPLX - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The pipeline company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.02. Mplx had a net margin of 30.73% and a return on equity of 28.66%. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm's quarterly revenue was up 22.8% compared to the same quarter last year. Equities analysts predict that Mplx will post 3.25 EPS for the current year.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date was Thursday, August 4th. Mplx's payout ratio is 90.10%.