As of Friday close, MPLX LP’s (NYSE:MPLX) stock was up $0.11, moving up 0.32 percent to $35.03. The average number of shares traded per day over the past five days has been 3,781,340 shares. 3 times new highs have been achieved over the past 5 days, with a $0.07 gain in that time frame. In the last twenty days, the average volume was 2,242,730, while in the previous 50 days, it was 2,069,694.
Since last month, MPLX stock rose 0.52%. Shares of the company fell to $34.47 on 09/06/23, the lowest level in the past month. A 52-week high of $35.85 was reached on 07/27/23 after having rallying from a 52-week low of $28.56. Since the beginning of this year, MPLX’s stock price has risen by 6.67% or $2.19, and marked a new high 17 times. However, the stock has declined by -2.29% since its 52-week high.
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Valuation Metrics
Right now, MPLX LP (MPLX) has a P/E ratio of about 8.79. The stock’s beta is 1.38. Besides these, the trailing price-to-sales (P/S) ratio of 3.20, the price-to-book (PB) ratio of 2.93, and the price-to-cash flow ratio of 8.49 may also be considered.
The latest dividend of $0.7750 per share was paid out, remained unchanged from last year’s $0.7750. On Tuesday November 1 2022, a $0.07 dividend increase was announced.
Financial Health
In the three months ended June 29, MPLX LP’s quick ratio stood at 1.70, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.78, and the total debt-to-equity ratio was 1.78. On the profitability front, the trailing twelve-month gross margin is 57.20% percent. In the year ended June 29, EBITDA margin amounted to 50.56%, whereas operating margins totaled 46.60%. Based on annual data, MPLX earned $4.91 billion in gross profit and brought in $11.61 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 15.10%. Return on equity (ROE) for the past 12 months was 33.80%.
In MPLX LP’s quarter-end financial report for June 29, it reported total debt of $20.41 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MPLX’s revenue fell -9.29% to $2.71 billion during the quarter, while net income inched up to $2.69 billion. While analysts expected MPLX LP to report $0.89 quarterly earnings, the actual figure was $0.91 per share, beating the consensus estimate by 2.20%. During the quarter, the company generated $1.5 billion in EBITDA. The liabilities of MPLX LP were 23.65 billion at the end of its most recent quarter ended June 29, and its total debt was $20.91 billion. The value of shareholders’ equity is $1.0 billion.
Technical Picture
This quick technical analysis looks at MPLX LP’s (MPLX) price momentum. With a historical volatility rate of 5.01%, the RSI 9-day stood at 57.40% on 22 September.
With respect to its five-day moving average, the current MPLX LP price is up by +0.20% percent or $0.07. At present, MPLX shares trade +0.83% above its 20-day simple moving average and +0.43% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.63% above its SMA50 and +5.07% above its SMA200.
Stochastic coefficient K was 62.01% and Stochastic coefficient D was 63.68%, while ATR was 0.34. Given the Stochastic reading of 58.33% for the 14-day period, the RSI (14) reading has been calculated as 55.22%. As of today, the MACD Oscillator reading stands at 0.08, while the 14-day reading stands at 0.16.
Analyst Ratings
JP Morgan upgraded its rating on MPLX LP (NYSE: MPLX) to an Overweight in a note to investors on March 14, 2023. The analysts firm previously had a Neutral rating on the stock.MPLX LP (MPLX) has been rated Overweight by analysts. According to 0 brokerage firms, MPLX is a sell, and 4 firms recommend it is a Hold. There are 1 analyst 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 $41.00, the current consensus forecast for the stock is $36.00 – $45.00. Based on these forecasts, analysts predict MPLX LP (MPLX) will achieve an average price target of $40.46.
