How Does Wall Street Rate Shares Of MPLX LP (MPLX)?

MPLX LP (NYSE:MPLX) saw an upside of 2.02% to close Monday at $30.31 after adding $0.6 on the day. The 5-day average trading volume is 1,636,920 shares of the company’s common stock. It has gained $30.55 in the past week. An average of 2,065,805 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,901,970.

MPLX’s 1-month performance is 7.71% or $2.17 on its low of $27.43 reached on 09/20/21. The company’s shares have touched a 52-week low of $16.47 and high of $31.40, with the stock’s rally to the 52-week high happening on 06/15/21. YTD, MPLX has achieved 40.00% or $8.66. However, the current price is down -3.47%% from the 52-week high price.


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Insider Transactions

On May 06, 159 days have gone by since the last insider trading activity for MPLX LP (MPLX). Floerke Gregory Scott (Exec. VP and COO) most recently sold 2,500 shares at $27.00 per share on May 06. This transaction cost the insider $67,500. COO and Exec. VP, Floerke Gregory Scott, sold 2,500 shares at a price of $25.00 on Jan 13. Then, on Dec 04, COO and Exec. VP Floerke Gregory Scott sold 2,500 shares at a price of $23.00 per share. This transaction amounted to $57,500.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 82.02 and a low of 7.042. MPLX stock has a beta of 1.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.33 while the price-to-book (PB) in the most recent quarter is 2.61, with the price to cash flow ratio at 23.19.

MPLX LP pays an annual dividend of $2.75 per share. Its dividend yield is 9.07% and the payout ratio is 106.60%. MPLX’s most recent quarterly dividend payment was made on Aug. 13, when it paid $0.6875 a share compared with prior rate of $0.6880, down -0.07% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.0005 reported on Wednesday July 28 2021. Measured over the last 3 years, the Dividend has been growing by 24.43% yearly.

It is projected that MPLX LP’s next ex-dividend date will be on 5-Nov. MPLX is expected to distribute $0.6875 as its next dividend.

MPLX LP’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.80 meaning that MPLX stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.69, while the total debt to equity was 1.69. In terms of profitability, the gross margin trailing 12 months is 61.40%. The trailing 12-month EBITDA margin is 55.67% while for the period ending June 29; MPLX LP’s operating margin was 40.30%. The firm’s gross profit as reported stood at $211.0 million against revenue of $7.57 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected MPLX to announce $0.67 per share in earnings in its latest quarter, but it posted $0.66, representing a -1.50% surprise. EBITDA for the quarter stood at more than $1.27 billion. MPLX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 22.98 billion, with total debt at $19.76 billion. Shareholders hold equity totaling $1.03 billion

Technical Picture

Let’s look briefly at MPLX LP (MPLX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 71.84% to suggest the stock is trending Overbought, with historical volatility in this time period at 18.00%.

The stock’s 5-day moving average is $29.52, reflecting a +2.99% or $0.88 change from its current price. MPLX is currently trading +5.98% above its 20-day SMA, +4.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +6.80% and +37.46% respectively.

Stochastic %K and %D was 84.64% and 75.85% and the average true range (ATR) pointed at 0.69. The RSI (14) points at 65.96%, while the 14-day stochastic is at 90.79% with the period’s ATR at 0.69. The stock’s 9-day MACD Oscillator is pointing at 0.56 and 0.73 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for MPLX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MPLX as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.

What is MPLX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $30.00 and a high of $36.00, with their median price target at $33.00. Looking at these predictions, the average price target given by analysts is for MPLX LP (MPLX) stock is $33.12.

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