NYSE:MPLX - Mplx Stock Price, News, & Analysis

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$31.38 +0.19 (+0.61 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$31.19
Today's Range$30.95 - $31.46
52-Week Range$28.32 - $39.01
Volume1.63 million shs
Average Volume1.76 million shs
Market Capitalization$24.93 billion
P/E Ratio13.70
Dividend Yield8.43%
Beta1.27
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. 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, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products. MPLX LP also engages in the inland marine business, which transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Midwest and Gulf Coast regions through inland marine vessels. The company's assets include approximately 8,000 miles of crude oil and refined product pipelines across 17 states; terminal facilities for refined petroleum products with a combined total shell capacity of approximately 23.7 million barrels primarily located in the Midwest, Gulf Coast, and Southeast regions; tank farm assets with a storage capacity of approximately 56 million barrels; and 48 rail and truck racks, 21 docks, and gasoline blenders. Its storage caverns consist of butane, propane, and liquefied petroleum gas storage with a combined capacity of 4,175 million barrels located in Neal, West Virginia; Woodhaven, Michigan; and Robinson, Illinois. The company's marine business owns and operates 23 boats, 256 barges, and third-party chartered equipment, as well as a marine repair facility located on the Ohio River. MPLX GP LLC acts as the general partner of MPLX LP. MPLX LP was founded in 2012 and is based in Findlay, Ohio. MPLX LP is a subsidiary of Marathon Petroleum Corporation.

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Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone419-421-2414

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.43 billion
Cash Flow$3.2653 per share
Book Value$8.72 per share

Profitability

Net Income$1.82 billion

Miscellaneous

Employees4,500
Market Cap$24.93 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

Mplx (NYSE:MPLX) Frequently Asked Questions

What is Mplx's stock symbol?

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

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

Mplx declared a quarterly dividend on Tuesday, April 30th. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.6575 per share on Wednesday, May 15th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date is Wednesday, May 8th. This is a positive change from Mplx's previous quarterly dividend of $0.65. View Mplx's Dividend History.

How were Mplx's earnings last quarter?

Mplx Lp (NYSE:MPLX) released its quarterly earnings results on Wednesday, May, 8th. The pipeline company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.59 by $0.02. The pipeline company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. Mplx had a return on equity of 27.44% and a net margin of 28.57%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. View Mplx's Earnings History.

When is Mplx's next earnings date?

Mplx is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Mplx.

What price target have analysts set for MPLX?

11 equities research analysts have issued twelve-month price objectives for Mplx's stock. Their predictions range from $35.00 to $44.00. On average, they anticipate Mplx's share price to reach $39.50 in the next year. This suggests a possible upside of 25.9% from the stock's current price. View Analyst Price Targets for Mplx.

What is the consensus analysts' recommendation for Mplx?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mplx.

Has Mplx been receiving favorable news coverage?

Press coverage about MPLX stock has trended positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mplx earned a coverage optimism score of 2.3 on InfoTrie's scale. They also assigned press coverage about the pipeline company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Mplx's key competitors?

What other stocks do shareholders of Mplx own?

Who are Mplx's key executives?

Mplx's management team includes the folowing people:
  • Mr. Gary R. Heminger, Chairman & CEO of MPLX GP LLC (Age 66)
  • Mr. Michael J. Hennigan, Pres & Director of MPLX GP LLC (Age 60)
  • Ms. Pamela K. M. Beall, Exec. VP, CFO & Director of MPLX GP LLC (Age 63)
  • Mr. John S. Swearingen, Exec. VP of Logistics & Storage of MPLX GP LLC (Age 60)
  • Mr. Gregory Scott Floerke, Exec. VP of Gathering & Processing of MPLX GP LLC (Age 56)

Who are Mplx's major shareholders?

Mplx's stock is owned by a number of of institutional and retail investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (3.38%), Alps Advisors Inc. (3.37%), Goldman Sachs Group Inc. (2.83%), OppenheimerFunds Inc. (1.26%), Kayne Anderson Capital Advisors LP (1.22%) and JPMorgan Chase & Co. (0.83%). Company insiders that own Mplx stock include C Corwin Bromley, 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 Bank of Montreal Can, JPMorgan Chase & Co., Kayne Anderson Capital Advisors LP, Chickasaw Capital Management LLC, Tortoise Capital Advisors L.L.C., Alps Advisors Inc., Miller Howard Investments Inc. NY and CIBC Private Wealth Group LLC. View Insider Buying and Selling for Mplx.

Which institutional investors are buying Mplx stock?

MPLX stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Morgan Stanley, Natixis, Wells Fargo & Company MN, Hsbc Holdings PLC, Perella Weinberg Partners Capital Management LP, State of Tennessee Treasury Department and Zimmer Partners LP. View Insider Buying and Selling for Mplx.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Mplx's stock price today?

One share of MPLX stock can currently be purchased for approximately $31.38.

How big of a company is Mplx?

Mplx has a market capitalization of $24.93 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.

What is Mplx's official website?

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

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]


MarketBeat Community Rating for Mplx (NYSE MPLX)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  398 (Vote Outperform)
Underperform Votes:  332 (Vote Underperform)
Total Votes:  730
MarketBeat's community ratings are surveys of what our community members think about Mplx and other stocks. Vote "Outperform" if you believe MPLX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MPLX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/25/2019 by MarketBeat.com Staff

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