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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
3rd Massive Dollar Upheaval Has Started (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
3rd Massive Dollar Upheaval Has Started (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
3rd Massive Dollar Upheaval Has Started (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
3rd Massive Dollar Upheaval Has Started (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
3rd Massive Dollar Upheaval Has Started (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
3rd Massive Dollar Upheaval Has Started (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
NYSE:MPLX

Mplx - MPLX Stock Forecast, Price & News

$31.16
+0.57 (+1.86%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$30.63
$31.37
50-Day Range
$27.98
$34.29
52-Week Range
$26.80
$35.49
Volume
1.20 million shs
Average Volume
2.14 million shs
Market Capitalization
$31.54 billion
P/E Ratio
9.96
Dividend Yield
9.22%
Price Target
$38.14

Mplx MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
22.4% Upside
$38.14 Price Target
Short Interest
Healthy
4.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.40mentions of Mplx in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.47%
From $3.24 to $3.32 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Oils/Energy Sector

120th out of 254 stocks

Pipelines, Except Natural Gas Industry

5th out of 13 stocks

MPLX stock logo

About Mplx (NYSE:MPLX) Stock

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; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

Mplx Trading Up 1.8 %

Shares of MPLX Stock traded up $0.56 during trading on Tuesday, hitting $31.15. 32,409 shares of the stock traded hands, compared to its average volume of 1,525,427. The firm has a market capitalization of $31.53 billion, a P/E ratio of 9.90 and a beta of 1.55. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.74 and a quick ratio of 0.68. The firm's fifty day moving average price is $30.66 and its 200-day moving average price is $31.94. Mplx has a 52-week low of $26.80 and a 52-week high of $35.49.

Mplx (NYSE:MPLX - Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The pipeline company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.59 billion. Mplx had a net margin of 30.73% and a return on equity of 28.66%. The business's revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, research analysts forecast that Mplx will post 3.24 earnings per share for the current fiscal year.

Mplx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be given a $0.705 dividend. This represents a $2.82 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date of this dividend is Thursday, August 4th. Mplx's payout ratio is 90.10%.

Wall Street Analyst Weigh In

MPLX has been the topic of several research analyst reports. US Capital Advisors cut Mplx from an "overweight" rating to a "hold" rating in a report on Tuesday, July 26th. UBS Group lowered their target price on Mplx from $41.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, July 8th. Morgan Stanley boosted their target price on Mplx from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 26th. Finally, Raymond James boosted their target price on Mplx from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, April 20th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Mplx currently has a consensus rating of "Moderate Buy" and an average price target of $38.14.

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MPLX Stock News Headlines

Reminder - MPLX Goes Ex-Dividend Soon
MPLX: Q2 Earnings Insights - Benzinga
MPLX LP Reports Second-Quarter 2022 Financial Results
MPLX: Dividend Insights - Benzinga
Should You Buy MPLX LP (MPLX) Ahead of Earnings?
See More Headlines
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MPLX Company Calendar

Ex-Dividend for 5/13 Dividend
5/05/2022
Dividend Payable
5/13/2022
Last Earnings
8/02/2022
Ex-Dividend for 8/12 Dividend
8/04/2022
Today
8/10/2022
Dividend Payable
8/12/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
5,836
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$38.14
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+22.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$3.08 billion
Pretax Margin
31.09%

Debt

Sales & Book Value

Annual Sales
$10.03 billion
Cash Flow
$4.50 per share
Book Value
$11.22 per share

Miscellaneous

Outstanding Shares
1,012,304,000
Free Float
N/A
Market Cap
$31.54 billion
Optionable
Optionable
Beta
1.55

Social Links


Key Executives

  • Mr. Michael J. Hennigan (Age 63)
    Chairman, Pres & CEO of MPLX GP LLC
    Comp: $6.55M
  • Mr. John J. Quaid (Age 50)
    Exec. VP, CFO & Director of MPLX GP LLC
    Comp: $1.33M
  • Mr. Gregory Scott Floerke (Age 59)
    Exec. VP & COO of MPLX GP LLC
    Comp: $1.34M
  • Ms. Suzanne Gagle (Age 56)
    Gen. Counsel of MPLX GP LLC
    Comp: $1.8M
  • Mr. Timothy J. Aydt (Age 58)
    Exec. VP & Chief Commercial Officer of MPLX GP LLC
    Comp: $1.28M
  • Mr. Shawn M. Lyon (Age 54)
    VP of Operations - MPLX GP LLC
  • Ms. Kelly D. Wright (Age 39)
    VP, Controller & Principal Accounting Officer of MPLX GP LLC
  • Ms. Kristina Anna Kazarian (Age 39)
    VP of Investor Relations - MPLX GP LLC
  • Ms. Molly R. Benson (Age 55)
    VP, Chief Securities, Governance & Compliance Officer and Corp. Sec. of MPLX GP LLC
  • Mr. Raymond L. Brooks (Age 61)
    Exec. VP of MPLX GP LLC













MPLX Stock - Frequently Asked Questions

Should I buy or sell Mplx stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MPLX shares.
View MPLX analyst ratings
or view top-rated stocks.

What is Mplx's stock price forecast for 2022?

7 equities research analysts have issued 1-year target prices for Mplx's stock. Their MPLX share price forecasts range from $35.00 to $43.00. On average, they expect the company's share price to reach $38.14 in the next year. This suggests a possible upside of 22.4% from the stock's current price.
View analysts price targets for MPLX
or view top-rated stocks among Wall Street analysts.

How has Mplx's stock performed in 2022?

Mplx's stock was trading at $29.59 at the start of the year. Since then, MPLX stock has increased by 5.3% and is now trading at $31.16.
View the best growth stocks for 2022 here
.

When is Mplx's next earnings date?

Mplx is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our MPLX earnings forecast
.

How were Mplx's earnings last quarter?

Mplx Lp (NYSE:MPLX) announced its quarterly earnings results on Tuesday, August, 2nd. The pipeline company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.02. The pipeline company earned $2.94 billion during the quarter, compared to the consensus estimate of $2.59 billion. Mplx had a net margin of 30.73% and a trailing twelve-month return on equity of 28.66%. The company's revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share.

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

Mplx declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Friday, August 5th will be given a dividend of $0.705 per share on Friday, August 12th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 9.05%. The ex-dividend date is Thursday, August 4th.
Read our dividend analysis for MPLX
.

Is Mplx a good dividend stock?

Mplx (NYSE:MPLX) pays an annual dividend of $2.82 per share and currently has a dividend yield of 9.22%. 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 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 90.10%. 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 84.94% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MPLX.

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 a number of institutional and retail investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (0.76%), Chickasaw Capital Management LLC (0.70%), CIBC Private Wealth Group LLC (0.48%), Mirae Asset Global Investments Co. Ltd. (0.43%), Salient Capital Advisors LLC (0.25%) and ING Groep NV (0.22%). Insiders that own company stock include Frank M Semple and Gregory Scott Floerke.
View institutional ownership trends
.

How do I buy shares of Mplx?

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.
Compare Top Brokerages Here.

What is Mplx's stock price today?

One share of MPLX stock can currently be purchased for approximately $31.16.

How much money does Mplx make?

Mplx (NYSE:MPLX) has a market capitalization of $31.54 billion and generates $10.03 billion in revenue each year. The pipeline company earns $3.08 billion in net income (profit) each year or $3.13 on an earnings per share basis.

How many employees does Mplx have?

Mplx employs 5,836 workers across the globe.

When was Mplx founded?

Mplx was founded in 2012.

How can I contact Mplx?

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.

This page (NYSE:MPLX) was last updated on 8/10/2022 by MarketBeat.com Staff

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