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NYSE:MPLX

Mplx Stock Forecast, Price & News

$17.93
+0.34 (+1.93 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$17.29
Now: $17.93
$17.93
50-Day Range
$17.37
MA: $18.46
$20.02
52-Week Range
$6.87
Now: $17.93
$30.53
Volume8.51 million shs
Average Volume4.15 million shs
Market Capitalization$18.98 billion
P/E RatioN/A
Dividend Yield15.63%
Beta1.97
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. 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, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products. MPLX LP also engages in the inland marine business, which transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Midwest and Gulf Coast regions through inland marine vessels. The company's assets include approximately 8,000 miles of crude oil and refined product pipelines across 17 states; terminal facilities for refined petroleum products with a combined total shell capacity of approximately 23.7 million barrels primarily located in the Midwest, Gulf Coast, and Southeast regions; tank farm assets with a storage capacity of approximately 56 million barrels; and 48 rail and truck racks, 21 docks, and gasoline blenders. Its storage caverns consist of butane, propane, and liquefied petroleum gas storage with a combined capacity of 4,175 million barrels located in Neal, West Virginia; Woodhaven, Michigan; and Robinson, Illinois. The company's marine business owns and operates 23 boats, 256 barges, and third-party chartered equipment, as well as a marine repair facility located on the Ohio River. MPLX GP LLC acts as the general partner of MPLX LP. MPLX LP was founded in 2012 and is based in Findlay, Ohio. MPLX LP is a subsidiary of Marathon Petroleum Corporation.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.71 out of 5 stars


Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
CUSIPN/A
Phone419-421-2414

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.04 billion
Cash Flow$3.43 per share
Book Value$15.13 per share

Profitability

Net Income$1.03 billion

Miscellaneous

Employees6,200
Outstanding Shares1,058,750,000
Market Cap$18.98 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$17.93
+0.34 (+1.93 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mplx (NYSE:MPLX) Frequently Asked Questions

How has Mplx's stock been impacted by COVID-19?

Mplx's stock was trading at $15.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MPLX stock has increased by 16.4% and is now trading at $17.93.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Mplx?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Mplx
.

When is Mplx's next earnings date?

Mplx is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Mplx
.

How were Mplx's earnings last quarter?

Mplx Lp (NYSE:MPLX) released its quarterly earnings results on Monday, August, 3rd. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.48 by $0.10. The pipeline company earned $2.08 billion during the quarter, compared to the consensus estimate of $1.95 billion. Mplx had a positive return on equity of 17.33% and a negative net margin of 26.44%. The firm's revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS.
View Mplx's earnings history
.

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

Mplx announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.688 per share on Friday, August 14th. This represents a $2.75 annualized dividend and a dividend yield of 15.35%. The ex-dividend date is Thursday, August 6th.
View Mplx's dividend history
.

What price target have analysts set for MPLX?

14 brokerages have issued twelve-month price targets for Mplx's stock. Their forecasts range from $19.00 to $33.00. On average, they expect Mplx's stock price to reach $24.43 in the next year. This suggests a possible upside of 36.2% from the stock's current price.
View analysts' price targets for Mplx
.

Are investors shorting Mplx?

Mplx saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 15,930,000 shares, a decrease of 13.7% from the June 15th total of 18,450,000 shares. Based on an average daily trading volume, of 4,070,000 shares, the short-interest ratio is presently 3.9 days. Approximately 4.4% of the shares of the stock are short sold.
View Mplx's Short Interest
.

Who are some of Mplx's key competitors?

What other stocks do shareholders of Mplx own?

Who are Mplx's key executives?

Mplx's management team includes the following people:
  • Mr. Gary R. Heminger, Chairman & CEO of MPLX GP LLC (Age 66)
  • Mr. Michael J. Hennigan, Pres & Director of MPLX GP LLC (Age 60)
  • Ms. Pamela K. M. Beall, Exec. VP, CFO & Director of MPLX GP LLC (Age 63)
  • Mr. John S. Swearingen, Exec. VP of Logistics & Storage of MPLX GP LLC (Age 60)
  • Mr. Gregory Scott Floerke, Exec. VP of Gathering & Processing of MPLX GP LLC (Age 56)

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 Blackstone Group Inc (4.92%), Alps Advisors Inc. (2.10%), Goldman Sachs Group Inc. (2.03%), Bank of America Corp DE (1.15%), UBS Group AG (0.99%) and CIBC Private Wealth Group LLC (0.84%). Company insiders that own Mplx stock include Garry L Peiffer and Gary R Heminger.
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 Alps Advisors Inc., Goldman Sachs Group Inc., HITE Hedge Asset Management LLC, Bank of America Corp DE, TPG Group Holdings SBS Advisors Inc., California Public Employees Retirement System, UBS Group AG, and Miller Howard Investments Inc. NY.
View insider buying and selling activity for Mplx
.

Which institutional investors are buying Mplx stock?

MPLX stock was purchased by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Brookfield Asset Management Inc., Salient Capital Advisors LLC, Marshall Wace North America L.P., CIBC Private Wealth Group LLC, Chickasaw Capital Management LLC, Jennison Associates LLC, and Raymond James Financial Services Advisors Inc.. Company insiders that have bought Mplx stock in the last two years include Garry L Peiffer, and Gary R Heminger.
View insider buying and selling activity for Mplx
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Mplx's stock price today?

One share of MPLX stock can currently be purchased for approximately $17.93.

How big of a company is Mplx?

Mplx has a market capitalization of $18.98 billion and generates $9.04 billion in revenue each year. The pipeline company earns $1.03 billion in net income (profit) each year or $2.32 on an earnings per share basis. Mplx employs 6,200 workers across the globe.

What is Mplx's official website?

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

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 9/19/2020 by MarketBeat.com Staff

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