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NYSE:MPLXMplx Stock Price, Forecast & News

$19.07
-0.50 (-2.55 %)
(As of 05/27/2020 04:00 PM ET)
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Compare
Today's Range
$18.95
Now: $19.07
$19.80
50-Day Range
$11.90
MA: $16.40
$20.02
52-Week Range
$6.87
Now: $19.07
$32.65
Volume3.17 million shs
Average Volume5.07 million shs
Market Capitalization$20.19 billion
P/E RatioN/A
Dividend Yield14.05%
Beta1.97
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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Mplx logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


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$9.04 billion
Cash Flow$3.22 per share
Book Value$12.05 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Employees6,200
Outstanding Shares1,058,603,000
Market Cap$20.19 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Mplx (NYSE:MPLX) Frequently Asked Questions

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

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 stock has increased by 23.8% and is now trading at $19.07. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mplx?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Mplx.

When is Mplx's next earnings date?

Mplx is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Mplx.

How were Mplx's earnings last quarter?

Mplx Lp (NYSE:MPLX) posted its quarterly earnings data on Tuesday, May, 5th. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.05. The pipeline company had revenue of $992 million for the quarter, compared to the consensus estimate of $2.22 billion. Mplx had a negative net margin of 30.40% and a positive return on equity of 17.96%. Mplx's revenue for the quarter was down 55.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. View Mplx's earnings history.

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

Mplx announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of $0.688 per share on Friday, May 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 14.43%. The ex-dividend date of this dividend is Thursday, May 7th. View Mplx's dividend history.

What price target have analysts set for MPLX?

15 equities research analysts have issued 1-year price objectives for Mplx's stock. Their forecasts range from $17.00 to $36.00. On average, they expect Mplx's share price to reach $26.20 in the next year. This suggests a possible upside of 37.4% from the stock's current price. View analysts' price targets for Mplx.

Has Mplx been receiving favorable news coverage?

Media stories about MPLX stock have been trending extremely positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mplx earned a media sentiment score of 4.8 on InfoTrie's scale. They also gave media headlines about the pipeline company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutMplx.

Are investors shorting Mplx?

Mplx saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 19,920,000 shares, an increase of 20.1% from the April 30th total of 16,580,000 shares. Based on an average daily volume of 5,870,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 5.2% of the shares of the stock are short sold. View Mplx's Current Options Chain.

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 Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), AT&T (T), Verizon Communications (VZ), Kinder Morgan (KMI), Blackstone Group (BX), Pfizer (PFE), AbbVie (ABBV), Altria Group (MO) and Ford Motor (F).

Who are Mplx's key executives?

Mplx's management team includes the following 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)

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 institutional and retail investors. Top institutional shareholders include Alps Advisors Inc. (2.87%), Harvest Fund Advisors LLC (2.72%), Tortoise Capital Advisors L.L.C. (2.67%), Blackstone Group Inc (2.12%), Invesco Ltd. (1.23%) and Kayne Anderson Capital Advisors LP (0.80%). Company insiders that own Mplx stock include Garry L Peiffer and Gary R Heminger. 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 Tortoise Capital Advisors L.L.C., Eagle Global Advisors LLC, Clearbridge Investments LLC, Northwestern Mutual Investment Management Company LLC, Kayne Anderson Capital Advisors LP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Wells Fargo & Company MN, and Cohen & Steers Inc.. View insider buying and selling activity for Mplx.

Which major investors are buying Mplx stock?

MPLX stock was purchased by a variety of institutional investors in the last quarter, including Blackstone Group Inc, JPMorgan Chase & Co., HITE Hedge Asset Management LLC, Harvest Fund Advisors LLC, ING Groep NV, Invesco Ltd., TPG Group Holdings SBS Advisors Inc., and Creative Planning. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Mplx's stock price today?

One share of MPLX stock can currently be purchased for approximately $19.07.

How big of a company is Mplx?

Mplx has a market capitalization of $20.19 billion and generates $9.04 billion in revenue each year. The pipeline company earns $1.03 billion in net income (profit) each year or $2.32 on an earnings per share basis. Mplx employs 6,200 workers across the globe.

What is Mplx's official website?

The official website for Mplx is 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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