MPLX LP (MPLX) concluded trading on Wednesday at a closing price of $45.63, with 8.89 million shares of worth about $405.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.95% during that period and on November 13, 2024 the price saw a loss of about -0.80%. Currently the company’s common shares owned by public are about 1.00B shares, out of which, 365.31M shares are available for trading.
Stock saw a price change of -1.74% in past 5 days and over the past one month there was a price change of 3.49%. Year-to-date (YTD), MPLX shares are showing a performance of 24.26% which increased to 29.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.10 but also hit the highest price of $47.62 during that period. The average intraday trading volume for MPLX LP shares is 1.44 million. The stock is currently trading 1.73% above its 20-day simple moving average (SMA20), while that difference is up 2.86% for SMA50 and it goes to 8.95% higher than SMA200.
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MPLX LP (NYSE: MPLX) currently have 1.00B outstanding shares and institutions hold larger chunk of about 23.08% of that.
The stock has a current market capitalization of $46.49B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 10.74, while it has posted earnings per share of $4.25 in the same period. Its PEG reads 1.59 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 1.64. 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 1.70% while standing at 1.45% over the month.
Stock’s fiscal year EPS is expected to rise by 11.56% while it is estimated to increase by 4.54% in next year. EPS is likely to shrink at an annualized rate of 6.75% 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 BofA Securities on October 17, 2024 offering an Underperform rating for the stock and assigned a target price of $43 to it. Coverage by Goldman stated MPLX LP (MPLX) stock as a Buy in their note to investors on October 06, 2023, suggesting a price target of $40 for the stock. On March 14, 2023, JP Morgan Upgrade their recommendations, while on January 09, 2023, Wolfe Research Upgrade their ratings for the stock with a price target of $36. Stock get a Neutral rating from Citigroup on December 09, 2022.
