28-Mar-2024
Russian cuts to crude output may bring $100 oil, J.P. Morgan says
Seeking Alpha News (Wed, 27-Mar 2:07 PM ET)
Mackay Maintains Buy Rating on MPLX LP Citing Strategic Ventures and Asset Optimization
TipRanks (Tue, 26-Mar 5:55 PM ET)
Enbridge forms U.S. Gulf Coast gas supply JV with MPLX, WhiteWater/I Squared Capital
Seeking Alpha News (Tue, 26-Mar 8:28 AM ET)
PRNewswire (Tue, 26-Mar 7:00 AM ET)
MPLX LP 2023 K-1 tax packages now available on company website
PRNewswire (Thu, 21-Mar 8:00 AM ET)
MPLX LP to Report First-Quarter Financial Results on April 30, 2024
PRNewswire (Tue, 19-Mar 4:55 PM ET)
PRNewswire (Wed, 28-Feb 4:40 PM ET)
MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
PRNewswire (Tue, 30-Jan 6:45 AM ET)
MPLX LP Announces Quarterly Distribution
PRNewswire (Wed, 24-Jan 12:35 PM ET)
MPLX LP 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 July 2019.
MPLX LP Common Units Representing Limited Partner Interests trades on the NYSE stock market under the symbol MPLX.
As of March 28, 2024, MPLX stock price climbed to $41.56 with 1,503,226 million shares trading.
MPLX has a beta of 0.27, meaning it tends to be less sensitive to market movements. MPLX has a correlation of 0.10 to the broad based SPY ETF.
MPLX has a market cap of $41.60 billion. This is considered a Large Cap stock.
Last quarter MPLX LP Common Units Representing Limited Partner Interests reported $3 billion in Revenue and $1.10 earnings per share. This beat revenue expectation by $86 million and exceeded earnings estimates by $.16.
In the last 3 years, MPLX stock traded as high as $41.66 and as low as $24.90.
The top ETF exchange traded funds that MPLX belongs to (by Net Assets): AMLP, MLPA, EMLP, AMZA, MLPX.
MPLX stock has underperformed the market in the last year with a return of +31.4%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MPLX shares. However, MPLX has outperformed the market in the last 3 month and 2 week periods, returning +16.2% and +1.9%, while SPY returned +10.1% and +1.7%, respectively. This indicates MPLX has been having a stronger performance recently.
MPLX support price is $40.97 and resistance is $41.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MPLX stock will trade within this expected range on the day.