MPLX LP (MPLX) concluded trading on Thursady at a closing price of $39.75, with 3.92 million shares of worth about $155.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.03% during that period and on Thursady the price saw a loss of about -0.23%. Currently the company’s common shares owned by public are about 1.00B shares, out of which, 347.30M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 57 times over the past 12 months. They bought 172,476 shares in 43 of the transactions. In 14 selling transactions, insiders dumped 44,909 shares.
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Stock saw a price change of 4.17% in past 5 days and over the past one month there was a price change of 6.00%. Year-to-date (YTD), MPLX shares are showing a performance of 8.25% which increased to 14.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $33.03 but also hit the highest price of $39.92 during that period. The average intraday trading volume for MPLX LP shares is 2.02 million. The stock is currently trading 4.09% above its 20-day simple moving average (SMA20), while that difference is up 6.60% for SMA50 and it goes to 11.94% higher than SMA200.
MPLX LP (NYSE: MPLX) currently have 1.00B outstanding shares and institutions hold larger chunk of about 21.68% of that.
The stock has a current market capitalization of $39.80B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 10.44, while it has posted earnings per share of $3.81 in the same period. Its PEG reads 4.54 and has Quick Ratio of 1.85 while making debt-to-equity ratio of 1.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MPLX, volatility over the week remained 1.30% while standing at 1.16% over the month.
Analysts are in expectations that MPLX LP (MPLX) stock would likely to be making an EPS of $0.96 in the current quarter, while forecast for next quarter EPS is $1 and it is $4.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.91 which is $1.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.91 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.76% while it is estimated to increase by 4.62% in next year. EPS is likely to shrink at an annualized rate of 2.30% for next 5-years, compared to annual growth of 10.66% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on October 06, 2023 offering a Buy rating for the stock and assigned a target price of $40 to it. Coverage by JP Morgan stated MPLX LP (MPLX) stock as an Overweight in their note to investors on March 14, 2023, suggesting a price target of $41 for the stock. On January 09, 2023, Wolfe Research Upgrade their recommendations, while on December 09, 2022, Citigroup Initiated their ratings for the stock with a price target of $33.50. Stock get an Underperform rating from BofA Securities on September 29, 2022.
