MPLX LP (MPLX) Reached A New High 1 time During The Past Five Days

As of Friday close, MPLX LP’s (NYSE:MPLX) stock was down -$0.37, moving down -1.21 percent to $30.15. The average number of shares traded per day over the past five days has been 1,821,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.36 fall in that time frame. In the last twenty days, the average volume was 1,525,380, while in the previous 50 days, it was 1,896,094.

Since last month, MPLX stock rose 4.00%. Shares of the company fell to $27.50 on 07/06/22, the lowest level in the past month. A 52-week high of $35.49 was reached on 04/21/22 after having rallying from a 52-week low of $26.32. Since the beginning of this year, MPLX’s stock price has risen by 1.89% or $0.56, and marked a new high 18 times. However, the stock has declined by -15.05% since its 52-week high.

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MPLX LP (MPLX) last reported insider trading activity 109 days ago on Apr 19. Floerke Gregory Scott, the Exec. VP and COO of the company, disposed of 2,500 shares for $35.00 on Apr 19. It resulted in a $87,500 divestment by the insider. Floerke Gregory Scott sold 2,500 shares at an average price of $33.20 on Feb 07. The insider now owns 76,836 shares following the transaction. On Feb 02, Director SEMPLE FRANK M sold 28,000 shares at $34.00 apiece. The transaction was valued at $952,000.

Valuation Metrics

Right now, MPLX LP (MPLX) has a P/E ratio of about 10.19. The stock’s beta is 1.55. Besides these, the trailing price-to-sales (P/S) ratio of 2.92, the price-to-book (PB) ratio of 2.73, and the price-to-cash flow ratio of 33.19 may also be considered.

The latest dividend of $0.7050 per share was paid out, remained unchanged from last year’s $0.7050. On Wednesday November 3 2021, a $0.0175 dividend increase was announced.

Financial Health

In the three months ended June 29, MPLX LP’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.76, and the total debt-to-equity ratio was 1.85. On the profitability front, the trailing twelve-month gross margin is 56.90% percent. In the year ended June 29, operating margins totaled 39.60%. Based on annual data, MPLX earned $3.99 billion in gross profit and brought in $10.03 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.00%. Return on equity (ROE) for the past 12 months was 26.20%.

In MPLX LP’s quarter-end financial report for June 29, it reported total debt of $18.77 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MPLX’s revenue rose 18.54% to $2.61 billion during the quarter, while net income inched up to $2.94 billion. While analysts expected MPLX LP to report $0.81 quarterly earnings, the actual figure was $0.83 per share, beating the consensus estimate by 2.50%. During the quarter, the company generated $1.45 billion in EBITDA. The liabilities of MPLX LP were 23.64 billion at the end of its most recent quarter ended June 29, and its total debt was $20.63 billion. The value of shareholders’ equity is $1.01 billion.

Technical Picture

This quick technical analysis looks at MPLX LP’s (MPLX) price momentum. With a historical volatility rate of 32.33%, the RSI 9-day stood at 38.38% on 05 August.

With respect to its five-day moving average, the current MPLX LP price is down by -7.26% percent or -$2.36. At present, MPLX shares trade +1.55% above its 20-day simple moving average and -6.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.46% below its SMA50 and -2.65% below its SMA200.

Stochastic coefficient K was 33.65% and Stochastic coefficient D was 57.80%, while ATR was 0.87. Given the Stochastic reading of 4.90% for the 14-day period, the RSI (14) reading has been calculated as 44.24%. As of today, the MACD Oscillator reading stands at -0.79, while the 14-day reading stands at -0.42.

Analyst Ratings

MPLX LP (MPLX) has been rated Overweight by analysts. According to 0 brokerage firms, MPLX is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate MPLX LP stock as buy, with 7 recommending it as overweight.

With a median target price of $37.00, the current consensus forecast for the stock is $34.00 – $43.00. Based on these forecasts, analysts predict MPLX LP (MPLX) will achieve an average price target of $37.31.


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