MPLX LP (MPLX) concluded trading on Thursday ata closing price of $41.85, with 2.84 million shares of worth about $119.04 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.67% during that period and on August 15, 2024 the price saw a gain of about 1.06%. Currently the company’s common shares owned by public are about 1.00B shares, out of which, 361.53M shares are available for trading.
Stock saw a price change of -0.62% in past 5 days and over the past one month there was a price change of -2.01%. Year-to-date (YTD), MPLX shares are showing a performance of 13.97% which increased to 19.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.47 but also hit the highest price of $43.42 during that period. The average intraday trading volume for MPLX LP shares is 1.75 million. The stock is currently trading -0.77% below its 20-day simple moving average (SMA20), while that difference is down -0.23% for SMA50 and it goes to 6.02% higher than SMA200.
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MPLX LP (NYSE: MPLX) currently have 1.00B outstanding shares and institutions hold larger chunk of about 22.93% of that.
The stock has a current market capitalization of $42.71B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 10.14, while it has posted earnings per share of $4.13 in the same period. Its PEG reads 2.20 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 1.65. 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 1.96% while standing at 1.84% over the month.
Stock’s fiscal year EPS is expected to rise by 10.32% while it is estimated to increase by 4.74% in next year. EPS is likely to shrink at an annualized rate of 4.60% for next 5-years, compared to annual growth of 10.78% 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.
