Analysts Issue Research Notes On MPLX LP (MPLX)

KOSK Stock
KOSK Stock

MPLX LP (NYSE:MPLX) finished Thursday with a subtraction of -$1.87 to close at $29.25, a downside of -6.01 percent. An average of 1,259,270 shares of common stock have been traded in the last five days. There was a fall of -$3.21 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,277,243 shares traded, while the 50-day average volume stands at 1,363,857.

MPLX stock has decreased by -5.53% in the last month. The company shares reached their 1-month lowest point of $29.17 on 09/23/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $27.47 and a high of $35.49 in 52 weeks. It has reached a new high 18 times so far this year and achieved 5.17% or -$0.31 in price. In spite of this, the price is down -17.58% from the 52-week high.

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Insider Transactions

157 days have passed since MPLX LP (MPLX) last reported insider trading activity. Floerke Gregory Scott, who is Exec. VP and COO, most recently acquired $2,500 shares at $35.00 per share on Apr 19. In this transaction, the insider spent $87,500. Exec. VP and COO, Floerke Gregory Scott, disposed of 2,500 shares at a price of $33.20 on Feb 07. The insider now owns more than $83,000 worth of shares. Prior to that, Director SEMPLE FRANK M went on to Sale 28,000 shares at $34.00 each on Feb 02. An amount of $952,000 was transacted.

Valuation Metrics

MPLX LP (MPLX) has a trailing price-to-earnings (P/E) ratio of 9.92. The stock’s beta is 1.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.95, the price-to-book (PB) ratio at 2.79, and the price-to-cash flow ratio at 31.78.

The company has a payout ratio of 89.40%. The company’s most recent quarterly dividend payment was $0.7050 a share, without any change from last year. Its latest increase dividend $0.0175 reported on Wednesday November 3 2021.

Financial Health

The quick ratio of MPLX LP for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.75 and a total debt to equity ratio of 1.84 for the quarter ending June 29. Its gross profit as reported stood at $3.99 billion compared to revenue of $10.03 billion.

Earnings Surprise

For the three-month period that ended June 29, MPLX LP had $18.77 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $844.0 million in the quarter, while revenues were grew 20.02%. The analyst consensus anticipated MPLX LP’s latest quarter earnings to come in at $0.81 per share, but it turned out to be $0.83, a 2.50% surprise. For the quarter, EBITDA amounted to $1.45 billion. Shareholders own equity worth $1.01 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MPLX LP (MPLX) price momentum. RSI 9-day as of the close on 22 September was 16.39%, suggesting the stock is oversold, with historical volatility in this time frame at 28.46%.

As of today, MPLX’s price is $31.42 -9.88% or -$3.21 from its 5-day moving average. MPLX is currently trading -12.83% lower than its 20-day SMA and -9.66% lower than its 100-day SMA. However, the stock’s current price level is +0.31% above the SMA50 and -1.94% below the SMA200.

The stochastic %K and %D were 11.54% and 19.17%, respectively, and the average true range (ATR) was 0.89. With the 14-day stochastic at 2.32% and the average true range at 0.83, the RSI (14) stands at 26.05%. The stock has reached -1.33 on the 9-day MACD Oscillator while the 14-day reading was at -1.58.

Analyst Ratings

The consensus rating for MPLX LP (MPLX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MPLX, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $34.00 and $43.00, with a median target of $37.50. Taking a look at these predictions, the average price target given by analysts for MPLX LP (MPLX) stock is $37.92.


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