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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
The 3-Stock Retirement Blueprint (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
The 3-Stock Retirement Blueprint (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
Here's Bill Bonner's "4th and Final Prediction" (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
The 3-Stock Retirement Blueprint (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
The 3-Stock Retirement Blueprint (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
Here's Bill Bonner's "4th and Final Prediction" (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
The 3-Stock Retirement Blueprint (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
The 3-Stock Retirement Blueprint (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
Here's Bill Bonner's "4th and Final Prediction" (Ad)
NYSE:MPLX

Mplx - MPLX Stock Forecast, Price & News

$32.15
-0.27 (-0.83%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$31.41
$32.33
50-Day Range
$27.98
$34.29
52-Week Range
$26.80
$35.49
Volume
1.23 million shs
Average Volume
2.12 million shs
Market Capitalization
$32.55 billion
P/E Ratio
10.27
Dividend Yield
8.70%
Price Target
$38.14

Mplx MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
18.6% Upside
$38.14 Price Target
Short Interest
Healthy
4.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Mplx in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.77%
From $3.25 to $3.34 Per Share

Overall MarketRank

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

2.09 out of 5 stars

Oils/Energy Sector

143rd out of 261 stocks

Pipelines, Except Natural Gas Industry

7th out of 14 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 Stock Performance

MPLX Stock traded down $0.29 during trading on Monday, reaching $32.13. The stock had a trading volume of 60,812 shares, compared to its average volume of 2,124,497. The stock's 50 day moving average is $30.57 and its two-hundred day moving average is $31.94. The firm has a market cap of $32.53 billion, a PE ratio of 10.27 and a beta of 1.55. Mplx has a 52 week low of $26.80 and a 52 week high of $35.49. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.63.

Mplx (NYSE:MPLX - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The pipeline company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.02. Mplx had a net margin of 30.73% and a return on equity of 28.66%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The firm's revenue was up 22.8% compared to the same quarter last year. As a group, equities analysts anticipate that Mplx will post 3.25 earnings per share for the current year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were issued a $0.705 dividend. The ex-dividend date was Thursday, August 4th. This represents a $2.82 dividend on an annualized basis and a yield of 8.78%. Mplx's dividend payout ratio is currently 90.10%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. US Capital Advisors cut shares of Mplx from an "overweight" rating to a "hold" rating in a research note on Tuesday, July 26th. UBS Group reduced their price target on shares of Mplx from $41.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, July 8th. Raymond James upped their price objective on Mplx from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, April 20th. Finally, Morgan Stanley lifted 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Mplx currently has an average rating of "Moderate Buy" and a consensus price target of $38.14.

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MPLX Stock News Headlines

MPLX LP announces redemption of senior notes
Reminder - MPLX Goes Ex-Dividend Soon
MPLX: Q2 Earnings Insights - Benzinga
MPLX LP Reports Second-Quarter 2022 Financial Results
MPLX: Dividend Insights - Benzinga
See More Headlines
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MPLX Company Calendar

Last Earnings
8/02/2022
Ex-Dividend for 8/12 Dividend
8/04/2022
Dividend Payable
8/12/2022
Today
8/15/2022
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
+18.6%
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
$4.31 per share
Book Value
$11.22 per share

Miscellaneous

Outstanding Shares
1,012,304,000
Free Float
N/A
Market Cap
$32.55 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 research 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 research 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 brokerages have issued 1 year target prices for Mplx's shares. Their MPLX share price forecasts range from $35.00 to $43.00. On average, they anticipate the company's stock price to reach $38.14 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
View analysts price targets for MPLX
or view top-rated stocks among Wall Street analysts.

How have MPLX shares performed in 2022?

Mplx's stock was trading at $29.59 at the beginning of the year. Since then, MPLX shares have increased by 8.7% and is now trading at $32.15.
View the best growth stocks for 2022 here
.

When is Mplx's next earnings date?

The company 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) released its quarterly earnings results on Tuesday, August, 2nd. The pipeline company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The pipeline company earned $2.94 billion during the quarter, compared to analyst estimates of $2.59 billion. Mplx had a net margin of 30.73% and a trailing twelve-month return on equity of 28.66%. The business's quarterly revenue was up 22.8% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS.

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

Mplx announced a quarterly dividend on Tuesday, July 26th. Investors of record on Friday, August 5th will be paid a dividend of $0.705 per share on Friday, August 12th. This represents a $2.82 annualized dividend and a yield of 8.77%. The ex-dividend date of this dividend 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 8.70%. 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 84.43% 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 variety of institutional and retail investors. Top institutional shareholders include Alps Advisors Inc. (2.00%), Tortoise Capital Advisors L.L.C. (1.33%), Kayne Anderson Capital Advisors LP (0.76%), Chickasaw Capital Management LLC (0.70%), UBS Group AG (0.57%) and CIBC Private Wealth Group LLC (0.48%). 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 $32.15.

How much money does Mplx make?

Mplx (NYSE:MPLX) has a market capitalization of $32.55 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?

The company 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 8/16/2022 by MarketBeat.com Staff

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