Mplx Stock Forecast, Price & News

$27.96
+0.17 (+0.61 %)
(As of 07/23/2021 12:00 AM ET)
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Today's Range
$27.57
$28.00
50-Day Range
$26.20
$31.14
52-Week Range
$15.05
$31.40
Volume1.51 million shs
Average Volume1.86 million shs
Market Capitalization$28.79 billion
P/E Ratio11.18
Dividend Yield9.90%
Beta1.9
30 days | 90 days | 365 days | Advanced Chart
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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.

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MarketRank

Overall MarketRank

1.73 out of 5 stars

Oils/Energy Sector

108th out of 712 stocks

Pipelines, Except Natural Gas Industry

5th out of 20 stocks

Analyst Opinion: 2.4Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 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 equities 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 equities 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.

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 data on Tuesday, May, 4th. The pipeline company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.07. The pipeline company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.12 billion. Mplx had a trailing twelve-month return on equity of 22.03% and a net margin of 30.76%. The firm's quarterly revenue was up 135.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.60) earnings per share.
View Mplx's earnings history
.

How has Mplx's stock price been impacted by Coronavirus?

Mplx's stock was trading at $15.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MPLX stock has increased by 81.4% and is now trading at $27.96.
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 Tuesday, April 27th. Shareholders of record on Friday, May 7th will be given a dividend of $0.688 per share on Friday, May 14th. This represents a $2.75 annualized dividend and a dividend yield of 9.84%. The ex-dividend date is Thursday, May 6th. This is a positive change from Mplx's previous quarterly dividend of $0.69.
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 9.90%. 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 brokers have issued 12 month price objectives for Mplx's shares. Their forecasts range from $22.00 to $33.00. On average, they anticipate Mplx's share price to reach $29.38 in the next twelve months. This suggests a possible upside of 5.1% 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 many different retail and institutional investors. Top institutional investors include Chickasaw Capital Management LLC (0.79%), Eagle Global Advisors LLC (0.16%), Spirit of America Management Corp NY (0.05%), Tectonic Advisors LLC (0.00%), Segment Wealth Management LLC (0.00%) and Sound Income Strategies LLC (0.00%). Company insiders that own Mplx stock include Garry L Peiffer, Gary R Heminger and Gregory Scott Floerke.
View institutional ownership trends for Mplx
.

Which major investors are selling Mplx stock?

MPLX stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Eagle Global Advisors LLC, and Spirit of America Management Corp NY.
View insider buying and selling activity for Mplx
or view top insider-selling stocks.

Which major investors are buying Mplx stock?

MPLX stock was bought by a variety of institutional investors in the last quarter, including Segment Wealth Management LLC, Tectonic Advisors LLC, and Sound Income Strategies 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 $27.96.

How much money does Mplx make?

Mplx has a market capitalization of $28.79 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 7/24/2021 by MarketBeat.com Staff
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