MPLX Stock Summary and Trading Ideas (MPLX LP Common Units Representing Limited Partner Interests | NYSE:MPLX)

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.

MPLX LP Common Units Representing Limited Partner Interests trades on the NYSE stock market under the symbol MPLX.

As of January 16, 2025, MPLX stock price climbed to $50.81 with 1,183,539 million shares trading.

MPLX has a beta of 0.45, meaning it tends to be less sensitive to market movements. MPLX has a correlation of 0.13 to the broad based SPY ETF.

MPLX has a market cap of $51.77 billion. This is considered a Large Cap stock.

Last quarter MPLX LP Common Units Representing Limited Partner Interests reported $3 billion in Revenue and $1.01 earnings per share. This fell short of revenue expectation by $-118 million and missed earnings estimates by -$.03.

In the last 3 years, MPLX traded as high as $51.94 and as low as $27.47.

The top ETF exchange traded funds that MPLX belongs to (by Net Assets): AMLP, MLPA, EMLP, MLPX, AMZA.

MPLX has outperformed the market in the last year with a price return of +46.2% while the SPY ETF gained +26.1%. MPLX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +16.4% and +4.5%, respectively, while the SPY returned +1.9% and +1.2%, respectively.

MPLX support price is $49.48 and resistance is $50.90 (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 shares will trade within this expected range on the day.