These results highlight MPLX LP’s effective cost management and operational efficiency. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart.
- The company, which refines, transports and markets petroleum products, reported a second quarter …
- After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
- To break things down more, MPLX LP belongs to the Oil and Gas – Production and Pipelines industry, a group that includes 12 individual companies and currently sits at #93 in the Zacks Industry Rank.
- The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
- It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments.
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 company’s scale and comprehensive midstream capabilities position it favorably to serve its target market effectively. 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.
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Mplx’s most recent quarterly dividend payment of $0.7750 per share was made to shareholders on Monday, August 14, 2023. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Shareholders of record on Friday, August 4th will be paid a dividend of $0.775 per share on Monday, August 14th.
- View analysts price targets for MPLX or view top-rated stocks among Wall Street analysts.
- 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.
- The scores are based on the trading styles of Value, Growth, and Momentum.
- Shareholders of record on Friday, August 4th will be paid a dividend of $0.775 per share on Monday, August 14th.
- Data may be intentionally delayed pursuant to supplier requirements.
- MPLX LP is led by a seasoned management team that brings industry expertise and strategic vision to the company’s operations.
Plus, MPLX info will be updated daily in your free Zacks.com Portfolio Tracker.
MPLX LP Reports Second-Quarter 2022 Financial Results
MPLX LP maintains a debt-to-equity ratio that indicates a moderate level of debt. It is crucial for the company to carefully manage its debt obligations to maintain financial stability and flexibility in the face of potential market fluctuations. 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.
Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.
Is It Time to Buy MPLX? Shares are up today.
The Barchart Technical Opinion rating is a 100% Buy with a Strongest short term outlook on maintaining the current direction. These master limited partnerships have excellent track records of paying dividends. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would tifia forex broker review 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.
About MPLX
This represents a $3.10 dividend on an annualized basis and a yield of 8.59%. The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023. Since then, MPLX stock has increased by 9.9% and trade99 review is now trading at $36.09. Access our top stock picks, proprietary research reports, stock screeners and more. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
MPLX Overview
With a strong track record in the energy sector, Hennigan spearheads MPLX LP’s strategic initiatives and oversees the company’s overall performance. /PRNewswire/ — Reported second-quarter net income attributable to MPLX of $933 million and generated net cash provided by operating activities of $1,437… Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
Over the past three years, the company’s dividend has grown by an average of 2.93% per year. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Mplx and its competitors with MarketBeat’s FREE daily newsletter. The company has achieved a healthy net profit margin of over 30%, showcasing its ability to generate robust returns on its operations.
About MPLX LP
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 bitmex review information was not collected, or for certain other reasons have been excluded from these return calculations. MPLX LP is a midstream energy comapny that gathers, processes, and transports natural gas, natural gas liquids, and crude oil, as well as other hydrocarbon-based products. MPLX was incorporated in 2012 and is headquartered in Findlay, OH.
The consensus among Wall Street equities research analysts is that investors should “moderate buy” MPLX shares. The company’s target market encompasses a wide range of industries, including oil and gas producers, refineries, petrochemical manufacturers, and other energy-related entities. MPLX LP is a crucial link in the energy value chain by offering comprehensive midstream services, helping its customers efficiently transport and store their products. 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. 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.
MPLX LP operates within the midstream energy infrastructure sector, which is critical in facilitating the efficient transportation, storage, and distribution of energy products. The company competes in the pipelines and storage sub-industry, providing essential services to support the energy value chain. 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 equities research analysts have issued 12 month price objectives for Mplx’s stock. On average, they anticipate the company’s stock price to reach $39.78 in the next year.
Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. 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. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
Oil, natural gas and coal prices have soared as the war in Ukraine combined with sur… Marathon Petroleum Corp.’s fourth-quarter earnings and revenue surged past expectations, the latest indication that the energy sector could be recovering. Rallied 5.7% in premarket trade Wednesday, after the energy midstream logistics master limited partnership agreed to be acquired by MPLX L.P. According to 9 analysts, the average rating for MPLX stock is “Buy.” The 12-month stock price forecast is $39.89, which is an increase of 10.44% from the latest price. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.