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Buy THIS stock before Taiwan is attacked (Ad)
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Buy THIS stock before Taiwan is attacked (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
BREAKING: Tiny biotech successfully treats blindness (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Federal student loan payments are starting again. Here's what you need to know
Buy THIS stock before Taiwan is attacked (Ad)
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Buy THIS stock before Taiwan is attacked (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
BREAKING: Tiny biotech successfully treats blindness (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Federal student loan payments are starting again. Here's what you need to know
Buy THIS stock before Taiwan is attacked (Ad)
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Buy THIS stock before Taiwan is attacked (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
BREAKING: Tiny biotech successfully treats blindness (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Federal student loan payments are starting again. Here's what you need to know
Buy THIS stock before Taiwan is attacked (Ad)
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor

Mplx (MPLX) Stock Forecast, Price & News

$35.57
+0.05 (+0.14%)
(As of 09/29/2023 ET)
Compare
Today's Range
$35.43
$35.65
50-Day Range
$34.58
$35.56
52-Week Range
$29.55
$35.85
Volume
2.60 million shs
Average Volume
2.38 million shs
Market Capitalization
$35.61 billion
P/E Ratio
8.98
Dividend Yield
8.72%
Price Target
$39.75

Mplx MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
11.8% Upside
$39.75 Price Target
Short Interest
Bearish
5.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.88mentions of Mplx in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.74%
From $3.65 to $3.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Oils/Energy Sector

153rd out of 247 stocks

Pipelines, Except Natural Gas Industry

7th out of 11 stocks


MPLX stock logo

About Mplx (NYSE:MPLX) Stock

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 Price History

MPLX Stock News Headlines

Energy Market Volatility Bothers You? Watch These 3 Stocks
MPLX LP: High And Sustainable Dividend Yield
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Peering Into MPLX's Recent Short Interest
Analyst Expectations for MPLX's Future
Barclays Sticks to Its Buy Rating for MPLX (MPLX)
MPLX (MPLX) Receives a Rating Update from a Top Analyst
Q2 2023 MPLX LP Earnings Call
MPLX LP Reports Second-Quarter 2023 Financial Results
See More Headlines
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MPLX Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 8/14 Dividend
8/03/2023
Dividend Payable
8/14/2023
Today
10/01/2023
Next Earnings (Confirmed)
10/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
5,811
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$39.75
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$3.94 billion
Pretax Margin
36.27%

Debt

Sales & Book Value

Annual Sales
$11.61 billion
Cash Flow
$5.25 per share
Book Value
$11.92 per share

Miscellaneous

Outstanding Shares
1,001,220,000
Free Float
N/A
Market Cap
$35.61 billion
Optionable
Optionable
Beta
1.41

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Key Executives

  • Mr. Michael J. Hennigan (Age 64)
    Chairman, Pres & CEO of MPLX GP LLC
    Comp: $6.77M
  • Mr. John J. Quaid (Age 51)
    Exec. VP, CFO & Director of MPLX GP LLC
    Comp: $1.38M
  • Mr. Gregory Scott FloerkeMr. Gregory Scott Floerke (Age 60)
    Exec. VP & COO of MPLX GP LLC
    Comp: $1.36M
  • Ms. Suzanne Gagle (Age 57)
    Gen. Counsel of MPLX GP LLC
    Comp: $1.8M
  • Mr. Timothy J. Aydt (Age 59)
    Exec. VP of MPLX GP LLC
    Comp: $1.89M
  • Ms. Kelly D. Wright (Age 40)
    VP, Controller & Principal Accounting Officer of MPLX GP LLC
  • Ms. Kristina Anna Kazarian (Age 40)
    VP of Fin. & Investor Relations - MPLX GP LLC
  • Ms. Molly R. Benson (Age 56)
    VP, Chief Securities, Governance & Compliance Officer and Corp. Sec. of MPLX GP LLC
  • Mr. Phillip M. Anderson Jr. (Age 57)
    Sr. VP of Bus. Devel. of MPLX GP LLC
  • Mr. Rick D. Hessling (Age 56)
    Sr. VP of MPLX GP LLC













MPLX Stock - Frequently Asked Questions

Should I buy or sell Mplx stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

8 brokers have issued 1 year price objectives for Mplx's shares. Their MPLX share price forecasts range from $35.00 to $44.00. On average, they expect the company's stock price to reach $39.75 in the next year. This suggests a possible upside of 11.8% 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 2023?

Mplx's stock was trading at $32.84 on January 1st, 2023. Since then, MPLX stock has increased by 8.3% and is now trading at $35.57.
View the best growth stocks for 2023 here
.

When is Mplx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
View our MPLX earnings forecast
.

How can I listen to Mplx's earnings call?

Mplx will be holding an earnings conference call on Tuesday, October 31st 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, August, 1st. The pipeline company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The pipeline company had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.66 billion. Mplx had a net margin of 35.93% and a trailing twelve-month return on equity of 30.78%. The firm's quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS.

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

Mplx declared a quarterly dividend on Tuesday, July 25th. Investors of record on Friday, August 4th will be given a dividend of $0.775 per share on Monday, August 14th. This represents a $3.10 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend is Thursday, August 3rd.
Read our dividend analysis for MPLX
.

Is Mplx a good dividend stock?

Mplx (NYSE:MPLX) pays an annual dividend of $3.10 per share and currently has a dividend yield of 8.73%. 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 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 78.28%. 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 82.67% 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).

What is Mplx's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mplx's stock price today?

One share of MPLX stock can currently be purchased for approximately $35.57.

How much money does Mplx make?

Mplx (NYSE:MPLX) has a market capitalization of $35.61 billion and generates $11.61 billion in revenue each year. The pipeline company earns $3.94 billion in net income (profit) each year or $3.96 on an earnings per share basis.

How many employees does Mplx have?

The company employs 5,811 workers across the globe.

How can I contact Mplx?

Mplx's mailing address is 200 EAST HARDIN STREET, FINDLAY OH, 45840. The official website for the company is www.mplx.com. The pipeline company can be reached via phone at (419) 421-2414 or via email at lr@marathonpetroleum.com.

This page (NYSE:MPLX) was last updated on 10/1/2023 by MarketBeat.com Staff

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