NYSE:MPLX - Mplx Stock Price, Forecast & News

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

Mplx declared a quarterly dividend on Friday, October 25th. Stockholders of record on Monday, November 4th will be given a dividend of $0.6775 per share on Thursday, November 14th. This represents a $2.71 annualized dividend and a dividend yield of 10.74%. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from Mplx's previous quarterly dividend of $0.44. View Mplx's Dividend History.

Mplx Lp (NYSE:MPLX) posted its earnings results on Thursday, October, 31st. The pipeline company reported $0.61 EPS for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.02. The pipeline company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.05 billion. Mplx had a return on equity of 21.25% and a net margin of 28.17%. Mplx's quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. View Mplx's Earnings History.

Mplx is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Mplx.

12 analysts have issued 1-year price objectives for Mplx's stock. Their forecasts range from $27.00 to $41.00. On average, they expect Mplx's stock price to reach $34.27 in the next year. This suggests a possible upside of 35.8% from the stock's current price. View Analyst Price Targets for Mplx.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mplx.

Headlines about MPLX stock have trended somewhat positive recently, according to InfoTrie. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mplx earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave news articles about the pipeline company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Mplx.

Mplx saw a increase in short interest in November. As of November 15th, there was short interest totalling 22,230,000 shares, an increase of 7.3% from the October 31st total of 20,720,000 shares. Based on an average trading volume of 2,470,000 shares, the days-to-cover ratio is currently 9.0 days. Approximately 5.8% of the company's shares are sold short. View Mplx's Current Options Chain.

Some companies that are related to Mplx include Enbridge (ENB), Magellan Midstream Partners (MMP), Plains All American Pipeline (PAA), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), PBF Logistics (PBFX), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL) and Blueknight Energy Partners (BKEP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mplx investors own include AT&T (T), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Blackstone Group (BX), Kinder Morgan (KMI), AbbVie (ABBV), Alibaba Group (BABA), Altria Group (MO) and Buckeye Partners (BPL).

Mplx's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (2.77%), Kayne Anderson Capital Advisors LP (1.07%), CIBC Private Wealth Group LLC (0.90%), Chickasaw Capital Management LLC (0.79%), Zimmer Partners LP (0.39%) and Northwestern Mutual Investment Management Company LLC (0.24%). 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 Zimmer Partners LP, Miller Howard Investments Inc. NY, Castleark Management LLC, Conning Inc., Tiedemann Advisors LLC, Shikiar Asset Management Inc., BB&T Securities LLC and Cincinnati Insurance Co.. View Insider Buying and Selling for Mplx.

MPLX stock was bought by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Kayne Anderson Capital Advisors LP, Chickasaw Capital Management LLC, Alps Advisors Inc., Delphi Financial Group Inc., TPG Group Holdings SBS Advisors Inc., California Public Employees Retirement System and Northwestern Mutual Investment Management Company 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 for Mplx.

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

One share of MPLX stock can currently be purchased for approximately $25.23.

Mplx has a market capitalization of $26.70 billion and generates $6.43 billion in revenue each year. The pipeline company earns $1.82 billion in net income (profit) each year or $2.29 on an earnings per share basis. Mplx employs 4,500 workers across the globe.View Additional Information About Mplx.

The official website for Mplx is http://www.mplx.com/.

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]