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Mplx Stock Forecast, Price & News

$29.38
+0.62 (+2.16 %)
(As of 09/27/2021 12:07 PM ET)
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Today's Range
$29.01
$29.44
50-Day Range
$26.20
$29.32
52-Week Range
$15.05
$31.40
Volume87,579 shs
Average Volume2.23 million shs
Market Capitalization$30.13 billion
P/E Ratio11.39
Dividend Yield9.56%
Beta1.91
30 days | 90 days | 365 days | Advanced Chart
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Mplx logo

About Mplx

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets; and distribution fuels services. It operates through the Logistics and Storage (L&S), and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products and water. The Gathering and Processing segment gathers, processes and transports natural gas; gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH.

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MarketRank

Overall MarketRank

2.07 out of 5 stars

Oils/Energy Sector

116th out of 345 stocks

Pipelines, Except Natural Gas Industry

10th out of 20 stocks

Analyst Opinion: 1.4Community Rank: 4.8Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
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Mplx (NYSE:MPLX) Frequently Asked Questions

Is Mplx a buy right now?

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

What stocks does MarketBeat like better than Mplx?

Wall Street analysts have given Mplx a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Mplx wasn't one of them. MarketBeat thinks these five companies 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 Tuesday, November 2nd 2021.
View our earnings forecast for Mplx
.

How can I listen to Mplx's earnings call?

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

How were Mplx's earnings last quarter?

Mplx Lp (NYSE:MPLX) announced its quarterly earnings results on Wednesday, August, 4th. The pipeline company reported $0.66 EPS for the quarter, meeting analysts' consensus estimates of $0.66. The pipeline company earned $2.40 billion during the quarter, compared to the consensus estimate of $2.26 billion. Mplx had a trailing twelve-month return on equity of 22.71% and a net margin of 30.35%. The firm's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share.
View Mplx's earnings history
.

How has Mplx's stock price been impacted by Coronavirus?

Mplx's stock was trading at $15.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MPLX stock has increased by 88.6% and is now trading at $29.06.
View which stocks have been most impacted by COVID-19
.

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

Mplx declared a quarterly dividend on Wednesday, July 28th. Shareholders of record on Friday, August 6th will be given a dividend of $0.6875 per share on Friday, August 13th. This represents a $2.75 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend is Thursday, August 5th.
View Mplx's dividend history
.

Is Mplx a good dividend stock?

Mplx pays an annual dividend of $2.75 per share and currently has a dividend yield of 9.56%. MPLX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Mplx does not yet have a strong track record of dividend growth. The dividend payout ratio of Mplx is 112.70%. 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 92.28% in the coming year. This indicates that Mplx may not be able to sustain their current dividend.
View Mplx's dividend history.

What price target have analysts set for MPLX?

9 brokers have issued 12 month target prices for Mplx's stock. Their forecasts range from $27.96 to $33.00. On average, they expect Mplx's stock price to reach $30.99 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
View analysts' price targets for Mplx
or view top-rated stocks among Wall Street analysts.

Who are Mplx's key executives?

Mplx's management team includes the following people:
  • Michael J. Hennigan, Chairman, President & Chief Executive Officer
  • Gregory Scott Floerke, Chief Operating Officer & Executive Vice President (LinkedIn Profile)
  • John J. Quaid, Chief Financial Officer & Executive Vice President
  • Molly R. Benson, Secretary, Chief Securities & Governance Officer
  • Pamela K. M. Beall, Director & Executive Vice President

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 many different retail and institutional investors. Top institutional shareholders include Blackstone Inc (6.60%), Invesco Ltd. (2.08%), Tortoise Capital Advisors L.L.C. (1.69%), Goldman Sachs Group Inc. (1.50%), Bank of America Corp DE (1.33%) and Bank of America Corp DE (1.33%).
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 Goldman Sachs Group Inc., Natixis, Credit Suisse AG, Tortoise Capital Advisors L.L.C., Bank of Montreal Can, CIBC Private Wealth Group LLC, Zimmer Partners LP, and Marshall Wace North America L.P..
View insider buying and selling activity for Mplx
or view top insider-selling stocks.

Which institutional investors are buying Mplx stock?

MPLX stock was bought by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Bank of America Corp DE, Amundi, Salient Capital Advisors LLC, Kayne Anderson Capital Advisors LP, Mariner LLC, Infrastructure Capital Advisors LLC, and Deutsche Bank AG.
View insider buying and selling activity for Mplx
or or view top insider-buying stocks.

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 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 $29.06.

How much money does Mplx make?

Mplx has a market capitalization of $29.80 billion and generates $7.57 billion in revenue each year. The pipeline company earns $-720,000,000.00 in net income (profit) each year or $2.44 on an earnings per share basis.

How many employees does Mplx have?

Mplx employs 2,020 workers across the globe.

When was Mplx founded?

Mplx was founded in 2012.

What is Mplx's official website?

The official website for Mplx is www.mplx.com.

Where are Mplx's headquarters?

Mplx is headquartered at 200 EAST HARDIN STREET, FINDLAY OH, 45840.

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 9/27/2021 by MarketBeat.com Staff

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