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. One of the only sectors of the market that is skyrocketing amid broad market weakness in 2022 is the energy sector.
- As the demand for energy products continues to rise, the need for reliable midstream infrastructure is paramount.
- Mplx’s most recent quarterly dividend payment of $0.7750 per share was made to shareholders on Monday, August 14, 2023.
- The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
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 Stock – Frequently Asked Questions
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.
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.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to MPLX LP and Phillips 66 as they could maintain their solid performance. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation coinberry review or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
Analyst Ratings
Data may be intentionally delayed pursuant to supplier requirements. Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment. While MPLX LP exhibits strength in its operations, it is important to consider the potential risks and challenges that could impact its performance.
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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. 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 trading advantage led to the creation of our proven Zacks Rank stock-rating system.
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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.
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.
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 thinkmarkets broker review 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.
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. 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. 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. Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 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.
These results highlight MPLX LP’s effective cost management and operational efficiency. Highlights important summary options statistics to provide a the best white label crypto exchange solutions 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.
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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 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.
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. 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.