MPLX LP (NYSE:MPLX) has a beta value of 1.87 and has seen 3,559,097 shares traded in the last trading session. The company, currently valued at $29.2 Billion, closed the last trade at $28.15 per share which meant it gained $0.84 on the day or 3.08% during that session. The MPLX stock price is -1.07% off its 52-week high price of $28.45 and 57.55% above the 52-week low of $11.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.15 Million shares traded. The 3-month trading volume is 2.59 Million shares.
The consensus among analysts is that MPLX LP (MPLX) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 2 rate it as Overweight. 3 out of 17 have rated it as a Hold, with 11 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.63.
MPLX LP (NYSE:MPLX) trade information
Sporting 3.08% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, May 04 when the MPLX stock price touched $28.45- or saw a rise of 1.04%. Year-to-date, MPLX LP shares have moved 30.02%, while the 5-day performance has seen it change 5.99%. Over the past 30 days, the shares of MPLX LP (NYSE:MPLX) have changed 7.77%. Short interest in the company has seen 16.89 Million shares shorted with days to cover at 6.52.
Wall Street analysts have a consensus price target for the stock at $28.94, which means that the shares’ value could jump 2.81% from current levels. The projected low price target is $27 while the price target rests at a high of $32. In that case, then, we find that the current price level is +13.68% off the targeted high while a plunge would see the stock lose -4.09% from current levels.
MPLX LP (MPLX) estimates and forecasts
Figures show that MPLX LP shares have outperformed across the wider relevant industry. The company’s shares have gained +63.57% over the past 6 months, with this year growth rate of 420%, compared to 16.5% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 124.2% and 10.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +14.7%.
5 analysts offering their estimates for the company have set an average revenue estimate of $2.13 Billion for the current quarter. 5 have an estimated revenue figure of $2.17 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $992Million and $2.08 Billion respectively for this quarter and the next, and analysts expect sales will grow by 114.9% for the current quarter and 4.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.8% over the past 5 years. Earnings growth for 2021 is a modest -177.7% while over the next 5 years, the company’s earnings are expected to increase by 35.4%.
MPLX LP is expected to release its next earnings report between August 02 and August 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.75 at a share yield of 10.07%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 8.89%.
MPLX LP (NYSE:MPLX)’s Major holders
Insiders own 62.64% of the company shares, while shares held by institutions stand at 28.97% with a share float percentage of 77.54%. Investors are also buoyed by the number of investors in a company, with MPLX LP having a total of 338 institutions that hold shares in the company. The top two institutional holders are Blackstone Group Inc. with over 67.92 Million shares worth more than $1.47 Billion. As of December 30, 2020, Blackstone Group Inc. held 6.55% of shares outstanding.
The other major institutional holder is Invesco Ltd., with the holding of over 22.81 Million shares as of December 30, 2020. The firm’s total holdings are worth over $493.89 Million and represent 2.2% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps ETF Tr-Alerian MLP ETF and Invesco Oppenheimer Steelpath MLP Income. As of February 27, 2021, the former fund manager holds about 1.9% shares in the company for having 19692187 shares of worth $468.87 Million while later fund manager owns 11.84 Million shares of worth $281.9 Million as of February 27, 2021, which makes it owner of about 1.14% of company’s outstanding stock.