Mplx - MPLX Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MPLX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MPLX, but not buy additional shares or sell existing shares.
View MPLX analyst ratings or view top-rated stocks.

10 analysts have issued 1 year price objectives for Mplx's stock. Their MPLX share price forecasts range from $34.00 to $41.00. On average, they anticipate the company's share price to reach $38.50 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for MPLX or view top-rated stocks among Wall Street analysts.

Mplx's stock was trading at $32.84 on January 1st, 2023. Since then, MPLX shares have increased by 3.5% and is now trading at $34.00.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our MPLX earnings forecast.

Mplx will be holding an earnings conference call on Tuesday, May 2nd at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Mplx Lp (NYSE:MPLX) released its earnings results on Tuesday, January, 31st. The pipeline company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.06. The pipeline company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.62 billion. Mplx had a trailing twelve-month return on equity of 30.16% and a net margin of 33.96%. The company's revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 EPS.

Mplx declared a quarterly dividend on Wednesday, January 11th. Stockholders of record on Monday, February 6th will be paid a dividend of $0.775 per share on Tuesday, February 14th. This represents a $3.10 annualized dividend and a yield of 9.12%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for MPLX.

ETFs with the largest weight of Mplx (NYSE:MPLX) stock in their portfolio include InfraCap MLP ETF (AMZA), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), Global X MLP & Energy Infrastructure ETF (MLPX), VanEck Energy Income ETF (EINC), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR) and FT Energy Income Partners Strategy ETF (EIPX).

Mplx (NYSE:MPLX) pays an annual dividend of $3.10 per share and currently has a dividend yield of 9.23%. MPLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 82.67%. 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 85.40% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MPLX.

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).

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

Mplx's stock is owned by a variety of retail and institutional investors. Top institutional investors include Moneta Group Investment Advisors LLC (6.95%), Alps Advisors Inc. (2.06%), Tortoise Capital Advisors L.L.C. (1.17%), Bank of America Corp DE (1.10%), Kayne Anderson Capital Advisors LP (0.65%) and Chickasaw Capital Management LLC (0.62%). Insiders that own company stock include Frank M Semple and Gregory Scott Floerke.
View institutional ownership trends.

Shares of MPLX stock 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.
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One share of MPLX stock can currently be purchased for approximately $34.00.

Mplx (NYSE:MPLX) has a market capitalization of $34.04 billion and generates $11.61 billion in revenue each year. The pipeline company earns $3.94 billion in net income (profit) each year or $3.75 on an earnings per share basis.

The company employs 5,811 workers across the globe.

Mplx's mailing address is 200 EAST HARDIN STREET, FINDLAY OH, 45840. The official website for the company is www.mplx.com. The pipeline company can be reached via phone at (419) 421-2414 or via email at lr@marathonpetroleum.com.