It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Mplx’s stock is owned by many different retail and institutional investors. Top institutional investors include Kayne Anderson Capital Advisors LP (0.62%), Chickasaw Capital Management LLC (0.57%), Mirae Asset Global Investments Co. Ltd. (0.53%), Clearbridge Investments LLC (0.50%), JPMorgan Chase & Co. (0.45%) and BROOKFIELD Corp ON (0.42%). Insiders that own company stock include Frank M Semple and Gregory Scott Floerke. The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
- Oil, natural gas and coal prices have soared as the war in Ukraine combined with sur…
- The company was incorporated in 2012 and is headquartered in Findlay, Ohio.
- MPLX LP is led by a seasoned management team that brings industry expertise and strategic vision to the company’s operations.
- Since then, MPLX shares have increased by 6.2% and is now trading at $34.86.
- Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Gathering and Processing segment gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH. MPLX LP operates within the midstream energy infrastructure sector, which is critical in facilitating the efficient transportation, storage, and distribution of energy products.
Financials
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a https://bigbostrade.com/ trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
Marathon Petroeleum Corp. said Friday it is contributing its joint-interest ownership in certain pipelines and storage facilities to MPLX for a total consideration of $1.05 billion. FINDLAY, Ohio , August 2, 2022 /PRNewswire/ — Reported second-quarter net income attributable to MPLX of $875 million and adjusted EBITDA attributable to MPLX of $1.5 billion Generated $1.5 billion i… FINDLAY, Ohio , Nov. 1, 2022 /PRNewswire/ — Net income attributable to MPC of $4.5 billion , or $9.06 per diluted share; reported adjusted net income of $3.9 billion, or $7.81 per diluted share Adjus…
MPC said profit more than doubled amid growth in its refining and marketing and midstream segments. The company, which refines, transports and markets petroleum products, reported a second quarter … 10 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Mplx in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “hold” MPLX shares.
To see all exchange delays and terms of use please see Barchart’s disclaimer. 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. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
It reflects how much an investor will earn aside from any capital gains in the stock. One of the only sectors of the market that is skyrocketing amid broad market weakness in 2022 is the energy sector. Oil, natural gas and coal prices have soared as the war in Ukraine combined with sur… According to 8 analysts, the average rating for MPLX stock is “Buy.” The 12-month stock price forecast is $39.88, which is an increase of 14.40% from the latest price. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Rallied 5.7% in premarket trade Wednesday, after the energy midstream logistics master limited partnership agreed to be acquired by MPLX L.P. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
MPLX deal to buy Andeavor represents a 7.3% premium
FINDLAY, Ohio , Nov. 1, 2022 /PRNewswire/ — Reported third-quarter net income attributable to MPLX of $1,428 million; includes $509 million non-cash lease reclassification gain Reported adjusted EBIT… FINDLAY, Ohio , Jan. 31, 2023 /PRNewswire/ — Fourth -quarter net income attributable to MPLX of $816 million and full-year net income of $3.9 billion Fourth -quarter adjusted EBITDA attributable to M… FINDLAY, Ohio , May 2, 2023 /PRNewswire/ — First -quarter net income attributable to MPLX of $943 million and net cash provided by operating activities of $1,227 million, up 14% and 9%, respectively,… FINDLAY, Ohio , Aug. 1, 2023 /PRNewswire/ — Reported second-quarter net income attributable to MPLX of $933 million and generated net cash provided by operating activities of $1,437 million Adjusted … One share of MPLX stock can currently be purchased for approximately $34.86. The company has achieved a healthy net profit margin of over 30%, showcasing its ability to generate robust returns on its operations.
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. Marathon Petroleum Corp. said Friday it agreed to sell its general partner economic interest in MPLX LP, a master limited partnership formed to develop and acquire midstream energy assets, to MPLX in exchange for 275 mill… Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested.
MPLX’s second quarter earnings rise as throughputs rise
A hold rating indicates that analysts believe investors should maintain any existing positions they have in MPLX, but not buy additional shares or sell existing shares. 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.
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. 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.
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. MPLX reported slightly higher earnings for the second quarter of 2023 on Tuesday as the U.S. midstream company transported greater volumes of energy products through its pipeline systems. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
These results highlight MPLX LP’s effective cost management and operational efficiency. MPLX’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
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Marathon (MPC) Q2 Earnings Top Despite a Plunge in Margins
Data may be intentionally delayed pursuant to supplier requirements. Marathon Petroleum Corp.’s fourth-quarter earnings and revenue surged past expectations, the latest indication that the energy sector could be recovering. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
The company competes in the pipelines and storage sub-industry, providing essential services to support the energy value chain. MPLX LP has demonstrated a solid financial performance in recent years, reflecting its effective management and strategic positioning within the midstream energy industry. This upward trajectory can be attributed to its extensive how to download metatrader 4 on mac asset base and the growing demand for energy infrastructure services. We expect MPLX to generate over $500 million in excess cash flow after capital spending and distributions in 2023. The management team has prioritized unit buybacks, as buybacks between 2020 and 2022 total over $1 billion, but has shifted to boosting the distribution in 2023.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Stockholders of record on Friday, August 4th will be given a dividend of $0.775 per share on Monday, August 14th. This represents a $3.10 annualized dividend and a dividend yield of 8.89%. The ex-dividend date of this dividend is Thursday, August 3rd.
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MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and over-the-road modes of transportation. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation. MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services.
These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.