Mplx Stock Forecast, Price & News

$28.66
+0.28 (+0.99 %)
(As of 08/2/2021 10:09 AM ET)
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Today's Range
$28.52
$28.88
50-Day Range
$26.20
$31.14
52-Week Range
$15.05
$31.40
Volume8,399 shs
Average Volume2.29 million shs
Market Capitalization$29.51 billion
P/E Ratio11.46
Dividend Yield9.69%
Beta1.91
30 days | 90 days | 365 days | Advanced Chart
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Mplx logo

About Mplx

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; transportation, storage, distribution, and marketing of crude oil and refined petroleum products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. Its pipeline network located throughout the United States and Alaska; storage caverns consist of butane, propane, and liquefied petroleum gas storage with locations in Neal in West Virginia, Woodhaven in Michigan, Robinson in Illinois, and Jal in New Mexico; and marine business owns and operates boats and barges, including third-party chartered equipment, as well as a marine repair facility located on the Ohio River. The company also transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions. In addition, its refining logistics assets operates 619 tanks with a storage capacity of approximately 56 million barrels; and 32 rail and truck racks, 18 docks, and gasoline blenders. Further, the company operates terminal facilities for the receipt, storage, blending, adultization, handling, and redelivery of refined petroleum products located throughout the continental United States and Alaska. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is based in Findlay, Ohio. MPLX LP is a subsidiary of Marathon Petroleum Corporation.

Headlines

Mplx Lp (NYSE:MPLX) Short Interest Up 30.4% in July
Mplx Lp (NYSE:MPLX) Short Interest Up 30.4% in July
August 1, 2021 |  americanbankingnews.com
Mplx Lp (NYSE:MPLX) to Issue $0.69 Quarterly Dividend
Mplx Lp (NYSE:MPLX) to Issue $0.69 Quarterly Dividend
July 28, 2021 |  americanbankingnews.com
Can MPLX Support Its Dividend? - Nasdaq
Can MPLX Support Its Dividend? - Nasdaq
July 27, 2021 |  nasdaq.com
Can MPLX Support Its Dividend?
Can MPLX Support Its Dividend?
July 27, 2021 |  finance.yahoo.com
Mplx (NYSE:MPLX) Price Target Raised to $32.00
Mplx (NYSE:MPLX) Price Target Raised to $32.00
July 26, 2021 |  americanbankingnews.com
Analyst Ratings For MPLX | Markets Insider - Markets Insider
Analyst Ratings For MPLX | Markets Insider - Markets Insider
July 22, 2021 |  markets.businessinsider.com
Mplx (NYSE:MPLX) Price Target Raised to $33.00
Mplx (NYSE:MPLX) Price Target Raised to $33.00
July 21, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

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MarketRank

Overall MarketRank

2.29 out of 5 stars

Oils/Energy Sector

94th out of 710 stocks

Pipelines, Except Natural Gas Industry

5th out of 20 stocks

Analyst Opinion: 2.4Community Rank: 4.7Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
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Mplx (NYSE:MPLX) Frequently Asked Questions

Is Mplx a buy right now?

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.
View analyst ratings for Mplx
or view top-rated stocks.

What stocks does MarketBeat like better than Mplx?

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.
View MarketBeat's top stock picks here.

Are investors shorting Mplx?

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.
View Mplx's Short Interest
.

When is Mplx's next earnings date?

Mplx is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Mplx
.

How can I listen to Mplx's earnings call?

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.

How were Mplx's earnings last quarter?

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
.

How has Mplx's stock been impacted by Coronavirus (COVID-19)?

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.
View which stocks have been most impacted by COVID-19
.

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

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
.

Is Mplx a good dividend stock?

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.

What price target have analysts set for MPLX?

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.
View analysts' price targets for Mplx
or view top-rated stocks among Wall Street analysts.

Who are Mplx's key executives?

Mplx's management team includes the following people:
  • Mr. Michael J. Hennigan, Chairman, Pres & CEO of MPLX GP LLC (Age 62, Pay $2.54M)
  • Ms. Pamela K. M. Beall, Exec. VP, CFO & Director of MPLX GP LLC (Age 65, Pay $1.27M)
  • Mr. Gregory Scott Floerke, Exec. VP & COO of MPLX GP LLC (Age 58, Pay $1.23M)
  • Ms. Suzanne Gagle, Gen. Counsel of MPLX GP LLC (Age 55, Pay $785.9k)
  • Mr. Timothy J. Aydt, Exec. VP & Chief Commercial Officer of MPLX GP LLC (Age 57, Pay $794.31k)
  • Mr. Shawn M. Lyon, VP of Operations - MPLX GP LLC (Age 53)
  • Ms. Kristina Anna Kazarian, VP of Investor Relations - MPLX GP LLC (Age 38)
  • Ms. Molly R. Benson, VP, Chief Securities, Governance & Compliance Officer and Corp. Sec. of MPLX GP LLC (Age 54)
  • Mr. Raymond L. Brooks, Exec. VP of MPLX GP LLC (Age 60)
  • Mr. Phillip M. Anderson Jr., Sr. VP of Bus. Devel. of MPLX GP LLC (Age 55)

Who are some of Mplx's key competitors?

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."

Who are Mplx's major shareholders?

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
.

Which institutional investors are selling Mplx stock?

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.

Which institutional investors are buying Mplx stock?

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.

How do I buy shares of Mplx?

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.
Compare Top Brokerages Here.

What is Mplx's stock price today?

One share of MPLX stock can currently be purchased for approximately $28.74.

How much money does Mplx make?

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.

How many employees does Mplx have?

Mplx employs 5,700 workers across the globe.

When was Mplx founded?

Mplx was founded in 2012.

What is Mplx's official website?

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

Where are Mplx's headquarters?

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

How can I contact Mplx?

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]


This page was last updated on 8/2/2021 by MarketBeat.com Staff
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