MPLXMPLX
Market Cap: $43.5B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
152% more call options, than puts
Call options by funds: $164M | Put options by funds: $64.8M
100% more repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 98
26% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 34
4% more funds holding in top 10
Funds holding in top 10: 25 [Q1] → 26 (+1) [Q2]
2% more funds holding
Funds holding: 475 [Q1] → 484 (+9) [Q2]
5% more capital invested
Capital invested by funds: $9.68B [Q1] → $10.1B (+$468M) [Q2]
0.36% more ownership
Funds ownership: 23.16% [Q1] → 23.52% (+0.36%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
RBC Capital Elvira Scotto 76% 1-year accuracy 13 / 17 met price target | 10%upside $47 | Outperform Reiterated | 28 Aug 2024 |
Wells Fargo Michael Blum 85% 1-year accuracy 17 / 20 met price target | 17%upside $50 | Overweight Maintained | 7 Aug 2024 |
Barclays Christine Cho 62% 1-year accuracy 23 / 37 met price target | 6%upside $45 | Overweight Maintained | 12 Jul 2024 |
Financial journalist opinion
Based on 30 articles about MPLX published over the past 30 days