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MU   76.69 (+0.75%)
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GE   118.86 (+0.01%)
DIS   92.50 (+0.00%)
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PYPL   57.97 (-0.86%)
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Mplx Stock Price, News & Analysis (NYSE:MPLX)

$36.21
+0.11 (+0.30%)
(As of 05:12 PM ET)
Compare
Today's Range
$35.98
$36.36
50-Day Range
$34.92
$36.58
52-Week Range
$31.34
$36.80
Volume
1.66 million shs
Average Volume
1.83 million shs
Market Capitalization
$36.25 billion
P/E Ratio
10.38
Dividend Yield
9.39%
Price Target
$39.75

Mplx MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
9.5% Upside
$39.75 Price Target
Short Interest
Healthy
3.06% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Mplx in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.48%
From $3.65 to $3.85 Per Share

Overall MarketRank

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

1.90 out of 5 stars

Oils/Energy Sector

102nd out of 233 stocks

Pipelines, Except Natural Gas Industry

3rd out of 10 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

Refiners, transporters surge: Niche energy markets defy oil slump (MPLX)
Despite Chevron and Exxon Mobil trading below their highs, sub-industries such as transportation and pipelines show resilience, driven by dividends and demand.
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
MPLX LP: A Top 9% Yield For Dividend Investors
MPLX: A 10% Yielding Rich Retirement Dream Machine
MPLX LP Partnership Units
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
MPLX LP (NYSE:MPLX) Q3 2023 Earnings Call Transcript
MPLX LP's Dividend Analysis
Q3 2023 MPLX LP Earnings Call
MPLX LP 2023 Q3 - Results - Earnings Call Presentation
MPLX Q3 Earnings Down, Below Estimates
MPLX Q3 2023 Earnings Preview
Why Earnings Season Could Be Great for MPLX LP (MPLX)
Is a Beat in the Offing for MPLX This Earnings Season?
See More Headlines
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Company Calendar

Last Earnings
10/31/2023
Ex-Dividend for 11/13 Dividend
11/02/2023
Dividend Payable
11/13/2023
Today
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/30/2024

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 Target
$39.75
High Stock Price Target
$44.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+9.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$3.94 billion
Pretax Margin
33.25%

Debt

Sales & Book Value

Annual Sales
$11.61 billion
Cash Flow
$5.25 per share
Book Value
$12.33 per share

Miscellaneous

Outstanding Shares
1,001,220,000
Free Float
N/A
Market Cap
$36.25 billion
Optionable
Optionable
Beta
1.40

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Key Executives

  • Mr. Michael J. Hennigan (Age 64)
    Chairman of the Board, President & CEO of MPLX GP LLC
    Comp: $6.77M
  • Mr. John J. Quaid (Age 51)
    Executive VP, CFO & Director of MPLX GP LLC
    Comp: $1.38M
  • Mr. Gregory Scott FloerkeMr. Gregory Scott Floerke (Age 60)
    Executive VP & COO of MPLX GP LLC
    Comp: $1.36M
  • Ms. Suzanne Gagle (Age 57)
    General Counsel of MPLX GP LLC
    Comp: $1.8M
  • Mr. Timothy J. Aydt (Age 59)
    Executive Vice President 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)
    Vice President of Finance & Investor Relations - MPLX GP LLC
  • Ms. Molly R. Benson (Age 56)
    VP, Chief Securities, Governance & Compliance Officer and Corporate Secretary of MPLX GP LLC
  • Mr. Phillip M. Anderson Jr. (Age 57)
    Senior Vice President of Business Development of MPLX GP LLC
  • Mr. Rick D. Hessling (Age 56)
    Senior Vice President of MPLX GP LLC

Should I Buy Mplx Stock? MPLX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Mplx was last updated on Tuesday, November 28, 2023 at 10:13 AM.

Pros

Here are some ways that investors could benefit from investing in Mplx Lp:

  • MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States, which provides a stable and reliable source of revenue.
  • The company is involved in the gathering, processing, and transportation of natural gas, as well as the gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids. This diversification in operations allows for multiple revenue streams.
  • MPLX LP also engages in the inland marine businesses, including transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks. This provides additional opportunities for growth and expansion.
  • The company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products. This allows for efficient distribution and delivery of products, ensuring customer satisfaction.
  • Recent developments and acquisitions, such as JPMorgan Chase & Co. acquiring additional shares of MPLX LP, indicate confidence in the company's future prospects and potential for growth.

Cons

Investors should be bearish about investing in Mplx Lp for these reasons:

  • The company operates in the pipelines industry, which is subject to regulatory and environmental risks. Changes in regulations or environmental concerns could impact the company's operations and profitability.
  • The energy industry is highly competitive, and MPLX LP faces competition from other midstream energy infrastructure and logistics companies. This could potentially impact the company's market share and profitability.
  • The company's financial performance is influenced by factors such as commodity prices, demand for energy products, and economic conditions. Fluctuations in these factors could affect the company's revenue and profitability.
  • Investing in MPLX LP involves market risk, as the stock price can be volatile and subject to market fluctuations. Investors should carefully consider their risk tolerance and investment objectives before investing in the company.
  • While recent developments and acquisitions indicate confidence in the company's future prospects, there is no guarantee of future success. Investors should conduct thorough research and analysis before making investment decisions.














MPLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Mplx stock right now?

8 Wall Street equities 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 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?

8 brokers have issued 1-year price targets for Mplx's stock. Their MPLX share price targets range from $35.00 to $44.00. On average, they expect the company's stock price to reach $39.75 in the next twelve months. This suggests a possible upside of 9.4% 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 at the beginning of the year. Since then, MPLX stock has increased by 10.7% and is now trading at $36.34.
View the best growth stocks for 2023 here
.

Are investors shorting Mplx?

Mplx saw a decrease in short interest in October. As of October 31st, there was short interest totaling 11,000,000 shares, a decrease of 39.5% from the October 15th total of 18,180,000 shares. Based on an average trading volume of 2,050,000 shares, the short-interest ratio is currently 5.4 days. Approximately 3.4% of the company's stock are short sold.
View Mplx's Short Interest
.

When is Mplx's next earnings date?

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

How were Mplx's earnings last quarter?

Mplx Lp (NYSE:MPLX) issued its quarterly earnings data on Tuesday, October, 31st. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.02. The pipeline company earned $2.91 billion during the quarter, compared to analysts' expectations of $2.79 billion. Mplx had a net margin of 32.89% and a trailing twelve-month return on equity of 29.72%. The business's quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share.

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

Mplx declared a quarterly dividend on Tuesday, October 24th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.85 per share on Monday, November 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 9.36%. The ex-dividend date is Thursday, November 2nd. This is a positive change from the stock's previous quarterly dividend of $0.78.
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 9.41%. 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 97.42%. 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 88.31% 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 retail and institutional investors. Top institutional investors include Blackstone Inc. (3.19%), Alps Advisors Inc. (2.87%), Invesco Ltd. (2.09%), Mirae Asset Global Investments Co. Ltd. (0.63%), Kayne Anderson Capital Advisors LP (0.59%) and UBS Group AG (0.59%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:MPLX) was last updated on 11/29/2023 by MarketBeat.com Staff

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