MPLX LP Company Profile (NYSE:MPLX)


MPLX LP logoMPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products. Its segments are Logistics and Storage (L&S), and Gathering and Processing (G&P). The L&S segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. As of December 31, 2016, the G&P segment operated various natural gas gathering systems that had a combined 5,439 million cubic feet per day (mmcf/d) throughput capacity. As of December 31, 2016, its assets included infrastructure to support MPC, including approximately 2,900 miles of crude oil and refined product pipelines across nine states.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Transportation Services
  • Sub-Industry: N/A
  • Symbol: NYSE:MPLX
  • CUSIP: N/A
  • Web:
  • Market Cap: $14.29927 billion
  • Outstanding Shares: 388,521,000
Average Prices:
  • 50 Day Moving Avg: $34.18
  • 200 Day Moving Avg: $34.79
  • 52 Week Range: $30.09 - $39.43
  • Trailing P/E Ratio: 42.05
  • Foreward P/E Ratio: 20.58
  • P/E Growth: 4.72
Sales & Book Value:
  • Annual Revenue: $3.04 billion
  • Price / Sales: 4.50
  • Book Value: $26.12 per share
  • Price / Book: 1.35
  • Annual Dividend: $2.25
  • Dividend Yield: 6.4%
  • EBIDTA: $1.47 billion
  • Net Margins: 19.07%
  • Return on Equity: 6.13%
  • Return on Assets: 3.51%
  • Debt-to-Equity Ratio: 0.67%
  • Current Ratio: 1.07%
  • Quick Ratio: 0.99%
  • Average Volume: 1.42 million shs.
  • Beta: 1.36
  • Short Ratio: 6.66

Frequently Asked Questions for MPLX LP (NYSE:MPLX)

What is MPLX LP's stock symbol?

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

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

MPLX LP declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.5625 per share on Monday, August 14th. This represents a $2.25 annualized dividend and a yield of 6.39%. The ex-dividend date is Thursday, August 3rd. This is a boost from MPLX LP's previous quarterly dividend of $0.44. View MPLX LP's Dividend History.

How were MPLX LP's earnings last quarter?

MPLX LP (NYSE:MPLX) released its earnings results on Thursday, July, 27th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.16 by $0.09. The business had revenue of $916 million for the quarter, compared to the consensus estimate of $884.70 million. MPLX LP had a return on equity of 6.13% and a net margin of 19.07%. The business's quarterly revenue was up 31.2% compared to the same quarter last year. During the same period last year, the business earned ($0.11) earnings per share. View MPLX LP's Earnings History.

When will MPLX LP make its next earnings announcement?

MPLX LP is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for MPLX LP.

Where is MPLX LP's stock going? Where will MPLX LP's stock price be in 2017?

13 brokerages have issued 1-year price objectives for MPLX LP's shares. Their forecasts range from $38.00 to $47.00. On average, they expect MPLX LP's share price to reach $42.25 in the next twelve months. View Analyst Ratings for MPLX LP.

Who are some of MPLX LP's key competitors?

Who are MPLX LP's key executives?

MPLX LP's management team includes the folowing people:

  • Gary R. Heminger, Chairman of the Board, Chief Executive Officer of MPLX GP LLC
  • Michael J. Hennigan, President, Director of MPLX GP LLC
  • Pamela K. M. Beall, Chief Financial Officer, Executive Vice President, Director of MPLX GP LLC
  • John S. Swearingen, Vice President, Crude Oil and Refined Products Pipelines
  • C. Corwin Bromley, Executive Vice President, General Counsel (chief legal officer), Secretary of MPLX GP LLC
  • Gregory S. Floerke, Executive Vice President and Chief Operating Officer - MarkWest Operations of MPLX GP LLC
  • Randy S. Nickerson, Executive Vice President and Chief Commercial Officer, MarkWest Assets
  • Paula L. Rosson, Senior Vice President, Chief Accounting Officer of MPLX GP LLC
  • Molly R. Benson, Chief Compliance Officer, Vice President, Secretary of MPLX GP LLC
  • Peter Gilgen, Vice President, Treasurer of MPLX GP LLC

Who owns MPLX LP stock?

MPLX LP's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (5.35%), Tortoise Capital Advisors L.L.C. (5.10%), Kayne Anderson Capital Advisors LP (2.78%), Center Coast Capital Advisors LP (2.39%), Atlantic Trust Group LLC (1.74%) and Advisory Research Inc. (1.61%). Company insiders that own MPLX LP stock include C Corwin Bromley, Frank M Semple, Gary R Heminger, Gregory Scott Floerke, Nancy Buese, Paula L Rosson and Randy S Nickerson. View Institutional Ownership Trends for MPLX LP.

Who sold MPLX LP stock? Who is selling MPLX LP stock?

MPLX LP's stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Neuberger Berman Group LLC, FMR LLC, Renaissance Technologies LLC, JPMorgan Chase & Co., Miller Howard Investments Inc. NY, Global X Management Co. LLC and Chicago Partners Investment Group LLC. Company insiders that have sold MPLX LP stock in the last year include C Corwin Bromley, Frank M Semple, Gregory Scott Floerke, Nancy Buese and Randy S Nickerson. View Insider Buying and Selling for MPLX LP.

Who bought MPLX LP stock? Who is buying MPLX LP stock?

MPLX LP's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Balyasny Asset Management LLC, Alps Advisors Inc., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Brookfield Asset Management Inc., Forsta AP Fonden, Tortoise Capital Advisors L.L.C. and Atlantic Trust Group LLC. View Insider Buying and Selling for MPLX LP.

How do I buy MPLX LP stock?

Shares of MPLX LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MPLX LP's stock price today?

One share of MPLX LP stock can currently be purchased for approximately $35.20.

MarketBeat Community Rating for MPLX LP (NYSE MPLX)
Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  225 (Vote Outperform)
Underperform Votes:  187 (Vote Underperform)
Total Votes:  412
MarketBeat's community ratings are surveys of what our community members think about MPLX LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for MPLX LP (NYSE:MPLX) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 11 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $42.25 (20.03% upside)

Analysts' Ratings History for MPLX LP (NYSE:MPLX)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/5/2017Stifel NicolausReiterated RatingBuy$43.00 -> $42.00MediumView Rating Details
8/28/2017Jefferies Group LLCLower Price TargetBuy$42.00 -> $41.00LowView Rating Details
7/28/2017Royal Bank Of CanadaReiterated RatingBuyLowView Rating Details
7/22/2017ScotiabankSet Price TargetBuy$44.00LowView Rating Details
7/20/2017GuggenheimInitiated CoverageBuy -> Buy$40.00HighView Rating Details
4/3/2017Citigroup Inc.Boost Price TargetBuy$44.00 -> $45.00LowView Rating Details
3/2/2017FBR & CoReiterated RatingHoldN/AView Rating Details
3/1/2017Mitsubishi UFJ Financial GroupUpgradeNeutral -> Overweight$43.00N/AView Rating Details
2/2/2017Barclays PLCBoost Price TargetOverweight$42.00 -> $44.00N/AView Rating Details
1/10/2017Wells Fargo & CompanyUpgradeMarket Perform -> OutperformN/AView Rating Details
1/4/2017MizuhoUpgradeNeutral -> Buy$37.00 -> $42.00N/AView Rating Details
12/8/2016Evercore ISIUpgradeHold -> Buy$27.00 -> $39.00N/AView Rating Details
10/31/2016Raymond James Financial, Inc.UpgradeMkt Perform -> Strong-Buy$42.00N/AView Rating Details
5/3/2016Ladenburg Thalmann Financial ServicesLower Price TargetBuy$50.00 -> $46.00N/AView Rating Details
4/29/2016Credit Suisse GroupUpgradeNeutral -> Outperform$35.00 -> $40.00N/AView Rating Details
3/23/2016Goldman Sachs Group, Inc. (The)Boost Price TargetBuy$30.00 -> $34.00N/AView Rating Details
3/15/2016Deutsche Bank AGReiterated RatingBuy$27.00 -> $34.00N/AView Rating Details
2/6/2016Bank of America CorporationReiterated RatingNeutral$38.00 -> $26.00N/AView Rating Details
2/4/2016Howard WeilLower Price TargetSector Outperform$51.00 -> $29.00N/AView Rating Details
12/4/2015J P Morgan Chase & CoLower Price Target$56.00 -> $49.00N/AView Rating Details
(Data available from 9/19/2015 forward)


Earnings History for MPLX LP (NYSE:MPLX)
Earnings by Quarter for MPLX LP (NYSE:MPLX)
Earnings History by Quarter for MPLX LP (NYSE MPLX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$0.26N/AView Earnings Details
7/27/2017Q2 2017$0.16$0.26$884.70 million$916.00 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.19$0.19$691.38 million$886.00 millionViewN/AView Earnings Details
2/1/2017Q416$0.23$0.17$687.77 million$714.00 millionViewListenView Earnings Details
10/27/2016Q316$0.17$0.21$654.87 million$703.00 millionViewListenView Earnings Details
7/28/2016Q216$0.28($0.11)$657.88 million$564.00 millionViewListenView Earnings Details
4/28/2016Q116$0.19($0.33)$613.90 million$609.00 millionViewListenView Earnings Details
2/3/2016Q415$0.32($0.14)$147.27 million$269.00 millionViewListenView Earnings Details
10/29/2015Q3$0.57$0.41$158.80 million$148.60 millionViewListenView Earnings Details
7/30/2015Q215$0.50$0.50$138.85 million$147.60 millionViewListenView Earnings Details
4/30/2015Q1$0.53$0.46$139.90 million$137.50 millionViewListenView Earnings Details
2/4/2015Q414$0.47$0.38$137.33 million$139.10 millionViewListenView Earnings Details
10/30/2014Q314$0.39$0.37$135.88 million$138.00 millionViewListenView Earnings Details
7/31/2014Q214$0.43$0.37$127.70 million$133.90 millionViewListenView Earnings Details
5/1/2014Q1$0.33$0.41$130.82 million$137.30 millionViewListenView Earnings Details
1/29/2014Q413$0.27$0.27$123.77 million$125.60 millionViewListenView Earnings Details
10/31/2013Q313$0.31$0.29$128.59 million$123.80 millionViewListenView Earnings Details
8/1/2013Q2 2013$0.28$0.26$124.19 million$122.20 millionViewListenView Earnings Details
4/30/2013Q1 2013$0.26$0.26$124.02 million$114.70 millionViewListenView Earnings Details
1/30/2013Q4 2012$0.24$0.18$115.32 million$128.30 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for MPLX LP (NYSE:MPLX)
Current Year EPS Consensus Estimate: $0.92 EPS
Next Year EPS Consensus Estimate: $1.71 EPS


Current Dividend Information for MPLX LP (NYSE:MPLX)
Most Recent Dividend:8/14/2017
Annual Dividend:$2.25
Dividend Yield:6.39%
Dividend Growth:25.30% (3 Year Average)
Payout Ratio:271.09% (Trailing 12 Months of Earnings)
244.57% (Based on This Year's Estimates)
131.58% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for MPLX LP (NYSE:MPLX)

Dividend History by Quarter for MPLX LP (NYSE MPLX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for MPLX LP (NYSE:MPLX)
Institutional Ownership Percentage: 63.13%
Insider Trades by Quarter for MPLX LP (NYSE:MPLX)
Institutional Ownership by Quarter for MPLX LP (NYSE:MPLX)
Insider Trades by Quarter for MPLX LP (NYSE:MPLX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/15/2017C Corwin BromleyVPSell5,000$34.65$173,250.00View SEC Filing  
9/14/2017C Corwin BromleyVPSell500$34.82$17,410.00View SEC Filing  
9/13/2017C Corwin BromleyVPSell2,500$34.50$86,250.00View SEC Filing  
6/12/2017Gary R HemingerCEOBuy9,000$33.26$299,340.00View SEC Filing  
3/15/2017Randy S NickersonVPSell15,000$36.20$543,000.00View SEC Filing  
2/15/2017Randy S NickersonVPSell15,000$38.61$579,150.00View SEC Filing  
1/24/2017Gregory Scott FloerkeCOOSell1,000$37.00$37,000.00View SEC Filing  
1/17/2017Randy S NickersonVPSell15,000$36.08$541,200.00View SEC Filing  
1/4/2017C Corwin BromleyVPSell2,500$36.00$90,000.00View SEC Filing  
1/4/2017Gregory Scott FloerkeCOOSell1,000$36.00$36,000.00View SEC Filing  
1/3/2017Gregory Scott FloerkeCOOSell1,000$35.00$35,000.00View SEC Filing  
12/27/2016Frank M SempleDirectorSell45,000$34.00$1,530,000.00View SEC Filing  
12/21/2016Randy S NickersonVPSell7,855$33.01$259,293.55View SEC Filing  
12/20/2016Randy S NickersonVPSell7,145$33.01$235,856.45View SEC Filing  
11/15/2016Randy S NickersonVPSell15,000$33.07$496,050.00View SEC Filing  
11/1/2016C Corwin BromleyVPSell10,000$34.52$345,200.00View SEC Filing  
10/31/2016Randy S NickersonVPSell15,000$34.03$510,450.00View SEC Filing  
10/27/2016Frank M SempleDirectorSell45,000$34.00$1,530,000.00View SEC Filing  
10/24/2016C Corwin BromleyVPSell5,000$32.02$160,100.00View SEC Filing  
10/12/2016Gregory Scott FloerkeCOOSell1,000$31.00$31,000.00View SEC Filing  
9/23/2016Nancy BueseCFOSell15,000$32.81$492,150.00View SEC Filing  
7/1/2016Paula L RossonCAOSell12,267$33.38$409,472.46View SEC Filing  
5/23/2016C Corwin BromleyVPSell2,500$34.00$85,000.00View SEC Filing  
5/23/2016Nancy BueseCFOSell5,000$34.00$170,000.00View SEC Filing  
4/11/2016C Corwin BromleyVPSell5,000$29.58$147,900.00View SEC Filing  
9/10/2015C. Richard WilsonDirectorBuy4,000$45.67$182,680.00View SEC Filing  
8/28/2015Timothy T GriffithCFOBuy1,000$50.26$50,260.00View SEC Filing  
8/27/2015Gary R HemingerCEOBuy17,450$48.72$850,164.00View SEC Filing  
8/20/2015Donald C TemplinVPBuy3,000$51.12$153,360.00View SEC Filing  
8/20/2015Timothy T GriffithCFOBuy1,000$51.34$51,340.00View SEC Filing  
12/12/2014Gary R HemingerCEOBuy9,300$61.40$571,020.00View SEC Filing  
3/11/2014C. Richard WilsonDirectorBuy3,000$49.42$148,260.00View SEC Filing  
5/21/2013C. Richard WilsonDirectorBuy3,000$38.46$115,380.00View SEC Filing  
10/31/2012David A DaberkoDirectorBuy10,000$22.00$220,000.00View SEC Filing  
10/31/2012Donald C TemplinCFOBuy15,000$22.00$330,000.00View SEC Filing  
10/31/2012Garry L PeifferPresidentBuy26,500$22.00$583,000.00View SEC Filing  
10/31/2012Gary R HemingerCEOBuy60,000$22.00$1,320,000.00View SEC Filing  
10/31/2012George P ShaffnerCOOBuy4,000$22.00$88,000.00View SEC Filing  
10/31/2012Timothy T GriffithVPBuy5,000$22.00$110,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for MPLX LP (NYSE:MPLX)
Latest Headlines for MPLX LP (NYSE:MPLX)
DateHeadline logoMPLX Completes Successful Binding Open Season on Wood River-to-Patoka Pipeline Expansion - Nasdaq - September 19 at 5:14 AM logoMplx Lp (MPLX) Upgraded by BidaskClub to "Hold" - September 16 at 10:32 AM logoMplx Lp (MPLX) Receives Consensus Recommendation of "Buy" from Brokerages - September 16 at 8:16 AM logoC Corwin Bromley Sells 500 Shares of Mplx Lp (MPLX) Stock - September 15 at 8:50 PM logoMplx Lp (MPLX) VP Sells $173,250.00 in Stock - September 15 at 8:03 PM logoC Corwin Bromley Sells 2,500 Shares of Mplx Lp (MPLX) Stock - September 15 at 8:02 PM logoMPLX LP breached its 50 day moving average in a Bullish Manner : MPLX-US : September 14, 2017 - September 14 at 4:11 PM logoMPLX LP (MPLX) PT Lowered to $42 at Stifel Following Dropdown Transaction - - September 5 at 9:43 PM logoMplx Lp's (MPLX) Buy Rating Reiterated at Stifel Nicolaus - September 5 at 2:54 PM logoMPLX And Marathon Petroleum Make A Billion Dollar Deal - Seeking Alpha - September 5 at 5:40 AM logoMarathon Petroleum (MPC) Vends $1.05 Billion Assets to MPLX - Nasdaq - September 4 at 7:37 PM logoMarathon Petroleum (MPC) Drops Down JV Ownership in Certain Assets to MPLX (MPLX) for $1.05B - September 2 at 6:24 AM logoRecent MPC News - September 2 at 6:24 AM logoMarathon Petroleum drops joint-interest ownership in certain assets to MPLX for $1.05 billion - September 2 at 6:24 AM logoMPLX LP breached its 50 day moving average in a Bullish Manner : MPLX-US : September 1, 2017 - September 2 at 6:24 AM logoMPLX LP : MPLX-US: Dividend Analysis : August 07th, 2017 (record date) : By the numbers : September 1, 2017 - September 2 at 6:24 AM logoMorgan Stanley Added Major Position in MPLX in 2Q17 - August 31 at 7:27 AM logoTechnical Research on Oil and Gas Equities -- Energy Transfer Equity, Frank's Intl., MPLX L.P., and Williams Partners - August 30 at 6:49 AM logoMplx Lp (MPLX) PT Lowered to $41.00 - August 28 at 10:52 AM logo18 Straight Hikes, A 9% Yield, More Hikes Ahead For This YieldCo LP - August 27 at 1:16 AM logoMPLX LP – Value Analysis (NYSE:MPLX) : August 23, 2017 - August 24 at 9:31 AM logo$863.47 Million in Sales Expected for Mplx Lp (MPLX) This Quarter - August 24 at 7:10 AM logoMplx Lp (MPLX) Receives Consensus Recommendation of "Buy" from Analysts - August 22 at 11:12 AM logoMplx Lp (MPLX) Expected to Post Earnings of $0.28 Per Share - August 22 at 8:14 AM logoForm 4 MPLX LP For: Aug 14 Filed by: Wilson C. Richard - August 17 at 4:30 AM logoMPLX LP breached its 50 day moving average in a Bearish Manner : MPLX-US : August 11, 2017 - August 12 at 5:48 AM logoContrasting Mplx Lp (NYSE:MPLX) & Tallgrass Energy Partners, (TEP) - August 11 at 6:40 PM logoSum Up The Pieces: ZMLP Could Be Worth $19 - - Nasdaq - August 9 at 1:02 AM logoMPLX LP (NYSE:MPLX) Stock Rating Lowered by BidaskClub - August 6 at 8:42 AM logoMPLX LP (NYSE:MPLX) Expected to Announce Quarterly Sales of $863.47 Million - August 6 at 7:34 AM logoMPLX LP announces retirement of Executive VP and General Counsel C. Corwin Bromley, appointment of Suzanne Gagle as VP and General Counsel - August 5 at 4:07 AM logo Brokerages Expect Mplx Lp (MPLX) to Post $0.25 Earnings Per Share - August 4 at 7:24 AM logoMPLX LP (MPLX) Ex-Dividend Date Scheduled for August 03, 2017 - Nasdaq - August 3 at 5:46 AM logoMPLX Announces Binding Open Season for Wood River-to-Patoka Pipeline Expansion - August 2 at 6:03 AM logoCorporate News Blog - TransCanada to Inject Fresh Capital for Capacity Expansion of Canadian Mainline System - August 1 at 2:07 AM logoMplx Lp (MPLX) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS - July 29 at 11:56 PM logoRecord Earnings, 18 Straight Hikes, 12%-15% Distribution Growth, Guidance Up Again, Insider Buying - July 29 at 8:00 PM logoMplx Lp (MPLX) Plans Quarterly Dividend of $0.56 - July 29 at 11:16 AM logoMplx Lp (NYSE:MPLX) Receives "Buy" Rating from Royal Bank Of Canada - July 29 at 8:37 AM logoMPLX LP 2017 Q2 - Results - Earnings Call Slides - July 29 at 4:42 AM logoMplx Lp (MPLX) Given Consensus Recommendation of "Buy" by Analysts - July 28 at 8:26 AM logoInvestor Network: MPLX LP to Host Earnings Call - July 28 at 5:28 AM logoEdited Transcript of MPLX earnings conference call or presentation 27-Jul-17 3:00pm GMT - July 28 at 5:28 AM logoMPLX LP increases quarterly distribution - Nasdaq - July 27 at 4:29 AM logoETFs with exposure to MPLX LP : July 24, 2017 - July 24 at 7:15 PM logoScotiabank Reiterates $44.00 Price Target for Mplx Lp (MPLX) - July 23 at 10:40 PM logoPre-Market Technical Pulse on Oil & Gas Pipelines Stocks -- Frank's ... - PR Newswire (press release) - July 22 at 6:37 AM logoMplx Lp (NYSE:MPLX) Earns Buy Rating from Analysts at Guggenheim - July 20 at 10:52 AM logoMplx Lp (NYSE:MPLX) Rating Increased to Buy at BidaskClub - July 16 at 11:26 PM logoMplx Lp (MPLX) Rating Lowered to Strong Sell at Zacks Investment Research - July 15 at 1:06 PM



MPLX LP (MPLX) Chart for Tuesday, September, 19, 2017

This page was last updated on 9/19/2017 by Staff