S&P 500   5,254.35 (+0.11%)
DOW   39,807.37 (+0.12%)
QQQ   443.97 (-0.19%)
AAPL   171.41 (-1.10%)
MSFT   420.72 (-0.17%)
META   485.90 (-1.61%)
GOOGL   150.80 (-0.05%)
AMZN   180.38 (+0.31%)
TSLA   175.79 (-2.25%)
NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.05%)
CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
AMC   3.72 (-14.29%)
PFE   27.75 (-0.11%)
PYPL   66.99 (+0.63%)
XOM   116.24 (+1.10%)
S&P 500   5,254.35 (+0.11%)
DOW   39,807.37 (+0.12%)
QQQ   443.97 (-0.19%)
AAPL   171.41 (-1.10%)
MSFT   420.72 (-0.17%)
META   485.90 (-1.61%)
GOOGL   150.80 (-0.05%)
AMZN   180.38 (+0.31%)
TSLA   175.79 (-2.25%)
NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.05%)
CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
AMC   3.72 (-14.29%)
PFE   27.75 (-0.11%)
PYPL   66.99 (+0.63%)
XOM   116.24 (+1.10%)
S&P 500   5,254.35 (+0.11%)
DOW   39,807.37 (+0.12%)
QQQ   443.97 (-0.19%)
AAPL   171.41 (-1.10%)
MSFT   420.72 (-0.17%)
META   485.90 (-1.61%)
GOOGL   150.80 (-0.05%)
AMZN   180.38 (+0.31%)
TSLA   175.79 (-2.25%)
NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.05%)
CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
AMC   3.72 (-14.29%)
PFE   27.75 (-0.11%)
PYPL   66.99 (+0.63%)
XOM   116.24 (+1.10%)
S&P 500   5,254.35 (+0.11%)
DOW   39,807.37 (+0.12%)
QQQ   443.97 (-0.19%)
AAPL   171.41 (-1.10%)
MSFT   420.72 (-0.17%)
META   485.90 (-1.61%)
GOOGL   150.80 (-0.05%)
AMZN   180.38 (+0.31%)
TSLA   175.79 (-2.25%)
NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.05%)
CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
AMC   3.72 (-14.29%)
PFE   27.75 (-0.11%)
PYPL   66.99 (+0.63%)
XOM   116.24 (+1.10%)

Mplx (MPLX) Stock Price, News & Analysis

$41.56
+0.25 (+0.61%)
(As of 04:10 PM ET)
Today's Range
$41.30
$41.66
50-Day Range
$36.92
$40.87
52-Week Range
$33.12
$41.66
Volume
1.84 million shs
Average Volume
2.14 million shs
Market Capitalization
$42.01 billion
P/E Ratio
10.91
Dividend Yield
8.18%
Price Target
$42.71

Mplx MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
2.8% Upside
$42.71 Price Target
Short Interest
Bearish
3.16% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of Mplx in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.00%
From $4.00 to $4.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.29 out of 5 stars

Oils/Energy Sector

206th out of 239 stocks

Pipelines, Except Natural Gas Industry

7th out of 10 stocks

MPLX stock logo

About Mplx Stock (NYSE:MPLX)

MPLX LP is a leading midstream energy infrastructure and logistics company operating primarily in the United States. With headquarters in Findlay, Ohio, MPLX LP was founded in 2012 as a subsidiary of Marathon Petroleum Corporation. The company plays a vital role in the gathering, processing, transporting, and storing of various energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined products, and other hydrocarbon-based commodities. MPLX LP operates through two main segments: Logistics and Storage and Gathering and Processing.

MPLX LP's mission is to provide reliable and efficient midstream solutions that connect energy producers to consumers. The company strives to facilitate the safe and timely movement of energy products, supporting the overall energy infrastructure of the United States. With an extensive network of pipelines, terminals, storage facilities, and marine assets, MPLX LP contributes to the seamless energy flow across key regions, ensuring reliable supply for end-users.

The company's target market encompasses a wide range of industries, including oil and gas producers, refineries, petrochemical manufacturers, and other energy-related entities. MPLX LP is a crucial link in the energy value chain by offering comprehensive midstream services, helping its customers efficiently transport and store their products.

MPLX LP is led by a seasoned management team that brings industry expertise and strategic vision to the company's operations. At the helm is Michael J. Hennigan, who assumed the role of Chairman, President, and Chief Executive Officer in 2019. With a strong track record in the energy sector, Hennigan spearheads MPLX LP's strategic initiatives and oversees the company's overall performance.

MPLX LP has demonstrated a solid financial performance in recent years, reflecting its effective management and strategic positioning within the midstream energy industry. The company has consistently delivered strong revenue growth. This upward trajectory can be attributed to its extensive asset base and the growing demand for energy infrastructure services.

The company has achieved a healthy net profit margin of over 30%, showcasing its ability to generate robust returns on its operations. These results highlight MPLX LP's effective cost management and operational efficiency.

While MPLX LP has reported notable financial success, it is essential to consider the company's debt levels and their impact on its overall financial picture. MPLX LP maintains a debt-to-equity ratio that indicates a moderate level of debt. It is crucial for the company to carefully manage its debt obligations to maintain financial stability and flexibility in the face of potential market fluctuations.

MPLX LP operates within the midstream energy infrastructure sector, which is critical in facilitating the efficient transportation, storage, and distribution of energy products. The company competes in the pipelines and storage sub-industry, providing essential services to support the energy value chain.

Within the industry, MPLX LP possesses a competitive advantage due to its extensive network of assets, strategic locations, and established customer relationships. The company's scale and comprehensive midstream capabilities position it favorably to serve its target market effectively.

MPLX LP stands well-positioned to capitalize on various growth opportunities within the energy sector. As the demand for energy products continues to rise, the need for reliable midstream infrastructure is paramount. MPLX LP can leverage its existing assets and industry expertise to expand its operations and capture a larger market share.

The company's competitive advantages, such as its extensive pipeline network and storage capacity, enable it to accommodate increasing volumes of energy products. MPLX LP can explore strategic partnerships, acquisitions, and organic growth initiatives to enhance its market position further and pursue attractive growth prospects.

While MPLX LP exhibits strength in its operations, it is important to consider the potential risks and challenges that could impact its performance. The company operates in a highly regulated industry, subject to changing governmental policies, environmental considerations, and market dynamics. Adapting to evolving regulations and maintaining compliance is crucial for continued success.

Additionally, fluctuations in energy prices and market conditions can influence the demand for midstream services. MPLX LP must navigate potential volatility in commodity markets and adapt to customer needs and preferences changes. The company's risk management strategies, including hedging and diversification, are pivotal in mitigating these risks.

MPLX Stock Price History

MPLX Stock News Headlines

MPLX: Expect Continued Steady Growth And Returns
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Summit Midstream Partners to sell Utica assets to MPLX
MPLX Sep 2024 38.000 call
MPLX Apr 2024 42.000 put
Dividend Yield Alert: 3 Top MLPs With Over 5% Yields
3 High-Yield MLPs for Big Income
Decoding Globe Life Inc (GL): A Strategic SWOT Insight
Decoding MPLX LP (MPLX): A Strategic SWOT Insight
See More Headlines
Receive MPLX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Mplx and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
1/30/2024
Ex-Dividend for 2/14 Dividend
2/02/2024
Dividend Payable
2/14/2024
Today
3/28/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
5,810
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$42.71
High Stock Price Target
$46.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+3.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$3.93 billion
Pretax Margin
35.25%

Debt

Sales & Book Value

Annual Sales
$11.28 billion
Cash Flow
$5.24 per share
Book Value
$12.65 per share

Miscellaneous

Outstanding Shares
1,010,720,000
Free Float
N/A
Market Cap
$41.75 billion
Optionable
Optionable
Beta
1.35

Social Links

(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Key Executives

  • Mr. Michael J. Hennigan (Age 65)
    Chairman of the Board, President & CEO of MPLX GP LLC
    Comp: $7.11M
  • Mr. Gregory Scott FloerkeMr. Gregory Scott Floerke (Age 61)
    Executive VP & COO of MPLX GP LLC
    Comp: $1.43M
  • Mr. Shawn M. Lyon (Age 56)
    Senior Vice President of Logistics & Storage - MPLX GP LLC
    Comp: $1.33M
  • Mr. Carl Kristopher Hagedorn (Age 48)
    Executive VP, CFO at MPLX GP LLC & Director
  • Ms. Kelly D. Wright (Age 41)
    VP, Controller & Principal Accounting Officer of MPLX GP LLC
  • Ms. Kristina Anna Kazarian (Age 41)
    Vice President of Finance & Investor Relations - MPLX GP LLC
  • Ms. Molly R. Benson (Age 57)
    Chief Legal Officer & Corporate Secretary of MPLX GP LLC
  • Mr. Timothy J. Aydt (Age 60)
    Executive Vice President of MPLX GP LLC
    Comp: $1.89M
  • Mr. Raymond L. Brooks (Age 63)
    Senior Vice President
  • Mr. Phillip M. Anderson Jr. (Age 58)
    Senior Vice President of Business Development of MPLX GP LLC

Should I Buy Mplx Stock? MPLX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Mplx was last updated on Wednesday, March 27, 2024 at 10:58 PM.

Pros

Here are some ways that investors could benefit from investing in Mplx Lp:

  • Mplx stock trading up 1.5% indicates positive market sentiment and potential for growth.
  • Analysts have set new price targets for Mplx, with several giving the stock "buy" and "strong buy" ratings, suggesting confidence in its performance.
  • Institutional investors like Alps Advisors Inc. and Invesco Ltd. have significantly increased their holdings in Mplx, indicating strong belief in the company's future prospects.
  • Mplx has a market cap of $39.05 billion, showing it is a sizable player in the industry with potential for stability and growth.
  • The company has a diverse range of institutional investors and hedge funds, with 22.43% ownership, indicating confidence in its long-term viability.

Cons

Investors should be bearish about investing in Mplx Lp for these reasons:

  • While the stock has shown positive movement, the beta of 1.35 indicates higher volatility compared to the market average, which may pose risks for investors.
  • Mplx's debt-to-equity ratio of 1.52 suggests a relatively high level of debt, which could impact the company's financial health and flexibility in the future.
  • The company's 52-week high of $39.95 may indicate limited potential for significant short-term gains, as the stock is trading close to its peak.
  • The current price-to-earnings ratio of 10.24 should be considered in relation to industry averages to assess if the stock is overvalued or undervalued.
  • Investors should monitor the company's quick ratio and current ratio to ensure its ability to meet short-term obligations and manage liquidity effectively.

MPLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Mplx stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mplx in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MPLX shares.
View MPLX analyst ratings
or view top-rated stocks.

What is Mplx's stock price target for 2024?

7 Wall Street research analysts have issued 12 month price objectives for Mplx's shares. Their MPLX share price targets range from $38.00 to $46.00. On average, they expect the company's stock price to reach $42.71 in the next year. This suggests a possible upside of 2.8% 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 2024?

Mplx's stock was trading at $36.72 at the beginning of the year. Since then, MPLX stock has increased by 13.2% and is now trading at $41.56.
View the best growth stocks for 2024 here
.

When is Mplx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our MPLX earnings forecast
.

How can I listen to Mplx's earnings call?

Mplx will be holding an earnings conference call on Tuesday, April 30th 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) posted its quarterly earnings data on Tuesday, January, 30th. The pipeline company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.15. The pipeline company earned $2.97 billion during the quarter, compared to the consensus estimate of $2.88 billion. Mplx had a net margin of 34.82% and a trailing twelve-month return on equity of 31.85%. Mplx's quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS.

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

Mplx declared a quarterly dividend on Wednesday, January 24th. Investors of record on Monday, February 5th will be given a dividend of $0.85 per share on Wednesday, February 14th. This represents a $3.40 annualized dividend and a dividend yield of 8.18%. The ex-dividend date is Friday, February 2nd.
Read our dividend analysis for MPLX
.

Is Mplx a good dividend stock?

Mplx (NYSE:MPLX) pays an annual dividend of $3.40 per share and currently has a dividend yield of 8.32%. 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 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 89.24%. 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 80.95% 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).

Who are Mplx's major shareholders?

Mplx's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Blackstone Inc. (2.34%), Mirae Asset Global Investments Co. Ltd. (0.65%), Kayne Anderson Capital Advisors LP (0.57%), UBS Group AG (0.57%), Chickasaw Capital Management LLC (0.57%) and Clearbridge Investments LLC (0.50%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MPLX) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners