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NYSE:MPLX

Mplx Stock Forecast, Price & News

$21.64
-0.63 (-2.83 %)
(As of 11/27/2020 12:59 PM ET)
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Today's Range
$21.64
Now: $21.64
$22.36
50-Day Range
$15.97
MA: $18.37
$22.58
52-Week Range
$6.87
Now: $21.64
$27.36
Volume20,975 shs
Average Volume3.84 million shs
Market Capitalization$22.51 billion
P/E RatioN/A
Dividend Yield12.18%
Beta1.95
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, such as asphalt; and sale of residue gas and condensate. Its pipeline network includes 13,000 miles of pipeline throughout the United States; storage caverns consist of butane, propane, and liquefied petroleum gas storage with a combined capacity of 4.7 million barrels located in Neal in West Virginia, Woodhaven in Michigan, Robinson in Illinois, and Jal in New Mexico, as well as marine business owns and operates 23 boats, 286 barges, and 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. Further, 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. Additionally, the company operates 62 terminal facilities for refined petroleum products with a combined total shell capacity of approximately 23.6 million barrels primarily located in the Midwest, Gulf Coast, and Southeast regions. MPLX GP LLC acts as the general partner of MPLX LP. The company was founded in 2012 and is headquartered 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: 1.4Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.31 out of 5 stars


Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
CUSIPN/A
Phone419-421-2414
Employees6,200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.04 billion
Cash Flow$3.88 per share
Book Value$15.13 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Outstanding Shares1,040,169,000
Market Cap$22.51 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$21.64
-0.63 (-2.83 %)
(As of 11/27/2020 12:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mplx (NYSE:MPLX) Frequently Asked Questions

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

Mplx's stock was trading at $15.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MPLX stock has increased by 40.4% and is now trading at $21.64.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Mplx?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Mplx
.

What stocks does MarketBeat like better than Mplx?

Wall Street analysts have given Mplx a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mplx wasn't one of them. MarketBeat thinks these five stocks 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, February 3rd 2021.
View our earnings forecast for Mplx
.

How were Mplx's earnings last quarter?

Mplx Lp (NYSE:MPLX) issued its quarterly earnings results on Monday, November, 2nd. The pipeline company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.58 by $0.03. The pipeline company earned $2.25 billion during the quarter, compared to analysts' expectations of $2.07 billion. Mplx had a positive return on equity of 18.87% and a negative net margin of 26.09%. The company's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS.
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, October 27th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.688 per share on Friday, November 13th. This represents a $2.75 annualized dividend and a dividend yield of 12.72%. The ex-dividend date of this dividend is Thursday, November 5th.
View Mplx's dividend history
.

What price target have analysts set for MPLX?

14 equities research analysts have issued 12-month price objectives for Mplx's shares. Their forecasts range from $18.00 to $28.00. On average, they expect Mplx's share price to reach $22.83 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
View analysts' price targets for Mplx
.

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).

Who are Mplx's key executives?

Mplx's management team includes the following people:
  • Mr. Michael J. Hennigan, Chairman, CEO & Pres of MPLX GP LLC (Age 61, Pay $4.31M)
  • Ms. Pamela K. M. Beall, Exec. VP, CFO & Director of MPLX GP LLC (Age 64, Pay $1.66M)
  • Mr. Gregory Scott Floerke, Exec. VP of Gathering, Processing, Trucks & Rail and COO - MPLX GP LLC (Age 57, Pay $1.58M)
  • Ms. Suzanne Gagle, Gen. Counsel of MPLX GP LLC (Age 54, Pay $1.01M)
  • Mr. Shawn M. Lyon, VP of Operations - MPLX GP LLC (Age 52)
  • Ms. Kristina Anna Kazarian, VP of Investor Relations - MPLX GP LLC (Age 37)
  • Ms. Molly R. Benson, VP, Chief Securities, Governance & Compliance Officer and Corp. Sec. of MPLX GP LLC (Age 53)
  • Mr. Timothy J. Aydt, Exec. VP of Pipelines, Terminals & Marine and Chief Commercial Officer (Age 56)
  • Mr. Raymond L. Brooks, Sr. VP of MPLX GP LLC (Age 59)
  • Mr. Phillip M. Anderson Jr., Sr. VP of Bus. Devel. of MPLX GP LLC (Age 54)

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 investors include Blackstone Group Inc (6.32%), Tortoise Capital Advisors L.L.C. (2.33%), Alps Advisors Inc. (1.79%), CIBC Private Wealth Group LLC (0.89%), Morgan Stanley (0.83%) and JPMorgan Chase & Co. (0.75%). 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 Tortoise Capital Advisors L.L.C., Alps Advisors Inc., Kayne Anderson Capital Advisors LP, Dividend Assets Capital LLC, Chickasaw Capital Management LLC, Americana Partners LLC, Miller Howard Investments Inc. NY, and Spirit of America Management Corp NY.
View insider buying and selling activity for Mplx
.

Which major investors are buying Mplx stock?

MPLX stock was acquired by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Natixis, Morgan Stanley, CIBC Private Wealth Group LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, Lonestar Capital Management LLC, and Eagle Global 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
.

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 $21.64.

How big of a company is Mplx?

Mplx has a market capitalization of $22.51 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 11/27/2020 by MarketBeat.com Staff

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