MPLX
MPLX
Market cap $48.4B

47.46 USD

+0.44

0.94%

At close Nov 18, 4:00 PM EST

After hours

47.59

+0.13

0.27%

1 day

0.94%

5 days

2.28%

1 month

7.04%

3 months

11.41%

6 months

16.15%

Year to date

29.42%

1 year

32.53%

5 years

105.54%

10 years

-30.72%

About: MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in 2019.

Employees: 5,810

Energy Pipe Lines, Except Natural Gas

0

Funds holding %

of 6,735 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

177% more call options, than puts

Call options by funds: $162M | Put options by funds: $58.3M

102% more repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 97

7% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 44

1% more funds holding

Funds holding: 485 [Q2] → 488 (+3) [Q3]

1% less capital invested

Capital invested by funds: $10.4B [Q2] → $10.3B (-$137M) [Q3]

1.5% less ownership

Funds ownership: 24.22% [Q2] → 22.72% (-1.5%) [Q3]

4% less funds holding in top 10

Funds holding in top 10: 26 [Q2] → 25 (-1) [Q3]

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$43

9%

downside

Avg. target

$49

4%

upside

High target

$55

16%

upside

9 analyst ratings

8 positive

89%

0 neutral

0%

1 negative

11%

RBC Capital Elvira Scotto 86% 1-year accuracy 24 / 28 met price target	10%upside $52	Outperform Maintained	18 Nov 2024
UBS Brian Reynolds 0 / 0 met price target	16%upside $55	Buy Maintained	15 Nov 2024
Wells Fargo Michael Blum 82% 1-year accuracy 14 / 17 met price target	12%upside $53	Overweight Maintained	7 Nov 2024
B of A Securities Jean Ann Salisbury 71% 1-year accuracy 10 / 14 met price target	9%downside $43	Underperform Reinstated	17 Oct 2024
RBC Capital Elvira Scotto 86% 1-year accuracy 24 / 28 met price target	5%upside $50	Outperform Maintained	16 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 25 articles about MPLX published over the past 30 days

MPLX Vs. Western Midstream: Two Highest Yielding MLPs, One Is Superior

MPLX LP and Western Midstream are top MLPs in the Alerian MLP ETF, accounting for over 25% of AMLP's assets under management. Both MPLX and WES offer the highest distribution yields in the MLP sector, with MPLX at 8.14% and WES at 9.16%. I am bullish on both due to their high yields, strong balance sheets, and low valuations, making them ideal for income-seeking portfolios.

MPLX Vs. Western Midstream: Two Highest Yielding MLPs, One Is Superior

The Motley Fool

Energy Stocks Have Soared This Year, but, These 3 Still Look Like Great Buys

Energy Stocks Have Soared This Year, but, These 3 Still Look Like Great Buys

Energy Stocks Have Soared This Year, but, These 3 Still Look Like Great Buys

Two 8% Dividend Yields To Let The Compounding Do Its Magic

My strategy focuses on high-yield securities with stable income streams to reduce stress, ensure stable investment progress, and limit capital impairment risk. The Top 3 criteria for security selection are: investment-grade balance sheets, strong dividend coverage, and defensive, non-cyclical business models. The idea is to emphasize a buy-and-hold approach with deep analysis upfront to minimize portfolio churn and maximize compounding benefits.

Two 8% Dividend Yields To Let The Compounding Do Its Magic

5 Relatively Secure And Cheap Dividend Stocks - November 2024: Yields Up To 9%

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.35%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 9%.

5 Relatively Secure And Cheap Dividend Stocks - November 2024: Yields Up To 9%

Zacks Investment Research

Why MPLX LP (MPLX) is a Top Momentum Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Why MPLX LP (MPLX) is a Top Momentum Stock for the Long-Term

8-10% Dividend Yields: If I Could Only Buy 3 In November 2024

Chasing yields above 10% is risky. 8-10% yields offer a sweet spot when combined with stable cash flows and strong balance sheets. I share three of these stocks that I really like right now.

8-10% Dividend Yields: If I Could Only Buy 3 In November 2024

Zacks Investment Research

MPLX LP Q3 Earnings and Revenues Lag Estimates on Higher Costs

MPLX Q3 earnings and revenues rise year over year on increased gathered and processed volumes and higher contributions from its Logistics and Storage segment.

MPLX LP Q3 Earnings and Revenues Lag Estimates on Higher Costs

The Motley Fool

This Nearly 8.5%-Yielding Dividend Stock Has Plenty of Fuel to Grow Through at Least 2026

MPLX continues to add new expansion projects to its backlog.

This Nearly 8.5%-Yielding Dividend Stock Has Plenty of Fuel to Grow Through at Least 2026

MPLX: Strong Q3 Earnings Reinforce Bullish Case

MPLX LP benefits from solid industry tailwinds, including rising U.S. energy demand and its position as a leading midstream player. Impressive financial resilience with record adjusted EBITDA, strategic growth investments, and strong distribution yield of 8.63%. Valuation compelling at $71 fair value, with attractive P/E ratio compared to peers.

MPLX: Strong Q3 Earnings Reinforce Bullish Case

MPLX LP Common Units (MPLX) Q3 2024 Earnings Call Transcript

MPLX LP Common Units (NYSE:MPLX ) Q3 2024 Earnings Conference Call November 5, 2024 9:30 AM ET Company Participants Kristina Kazarian - Vice President Finance and Investor Relations Maryann T. Mannen - President and Chief Executive Officer Kristopher Hagedorn - Executive Vice President and Chief Financial Officer Gregory S.

MPLX LP Common Units (MPLX) Q3 2024 Earnings Call Transcript

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