Mplx Stock Forecast, Price & News NYSE:MPLX

Mplx Stock Forecast, Price & News NYSE:MPLX

Mplx’s most recent quarterly dividend payment of $0.7750 per share was made to shareholders on Monday, August 14, 2023. 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.

  • MPLX LP has demonstrated a solid financial performance in recent years, reflecting its effective management and strategic positioning within the midstream energy industry.
  • Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits.
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  • Adapting to evolving regulations and maintaining compliance is crucial for continued success.

That’s because it trades at a low valuation of 8.8 times earnings and 6.9 times cash flow. If you are buying or selling stocks and funds listed abroad, you could be hit with extra cost for your cross border money transfer. Use Wise money transfer to avoid hidden currency exchange markup or open a Wise account to conveniently manage your money in up to 40 currencies. 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 … 9 Wall Street analysts have issued 1 year price targets for Mplx’s shares.

Their brilliance at producing passive income seems to have caught the market’s eye this year as all three have rallied. Here’s a look at whether it’s too late to buy these income machines. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

Marathon Petroleum drops joint-interest ownership in certain assets to MPLX for $1.05 billion

The MLP produces plenty of cash to fund its big-time distribution and expansion program. It generated nearly $1.6 billion in cash during the second quarter, covering its distribution with $579 million to spare. It used that excess cash to fund expansion projects ($387 million) and maintain a strong balance sheet. 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.

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, city index: a reliable broker 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).

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FAQs for MPLX LP Pref Share Stock

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. 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. Within the industry, MPLX LP possesses a competitive advantage due to its extensive network of assets, strategic locations, and established customer relationships.

The consensus among Wall Street research analysts is that investors should “moderate buy” MPLX shares. 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 trade360 broker review industry expertise to expand its operations and capture a larger market share. Enterprise Products Partners (EPD 0.69%), Energy Transfer (ET 0.44%), and MPLX (MPLX 0.81%) are some of the best passive income producers in the energy sector. The trio of master limited partnerships (MLPs) offers big-time yielding payouts that should continue growing in the future.

MPLX price to earnings (PE)

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. However, even with that rally, the MLP still yields an attractive 9.8%.

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 trading 212 forex broker review processing assets from MarkWest, which it acquired in 2015. Buying or selling a stock that’s not traded in your local currency? Convert MPLX LP stocks or shares into any currency with our handy tool, and you’ll always know what you’re getting.

MPLX Stock News Headlines

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

The company’s scale and comprehensive midstream capabilities position it favorably to serve its target market effectively. 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. MPLXP’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.

It has produced nearly $2.6 billion in distributable cash through the first half of this year, enough to cover its big-time payout by 1.6 times. That gave it excess cash to fund expansions while maintaining a strong balance sheet. It will also use excess cash to opportunistically repurchase units. The company’s strong financial profile and growth outlook drive its view that it can increase its distribution at a 3% to 5% annual rate.

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