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MPLX LP (NYSE:MPLX) Has Recovered 7.2% So Far, But Another -45.27% Loss Cannot Be Ruled Out

In recent trading session, MPLX LP (NYSE:MPLX) saw 1.04 million shares changing hands at last check today with its beta currently measuring 1.50. Company’s recent per share price level of $29.60 trading at -$1.52 or -4.88% at last check today assigns it a market valuation of $31.94B. That most recent trading price of MPLX’s stock is at a discount of -19.9% from its 52-week high price of $35.49 and is indicating a premium of 7.2% from its 52-week low price of $27.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.2 million shares which gives us an average trading volume of 1.48 million if we extend that period to 3-months.

For MPLX LP (MPLX), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 14 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.84 in the current quarter.

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MPLX LP (NYSE:MPLX) trade information

Upright in the red during last session for losing -4.88%, in the last five days MPLX remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $29.60 price level, adding 10.11% to its value on the day. MPLX LP’s shares saw a change of 5.17% in year-to-date performance and have moved -5.53% in past 5-day. MPLX LP (NYSE:MPLX) showed a performance of -5.53% in past 30-days. Number of shares sold short was 16.59 million shares which calculate 11.52 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $37.92 to the stock, which implies a rise of 21.94% to its recent value today. Analysts have been projecting $34.00 as a low price target for the stock while placing it at a high target of $43.00. It follows that stock’s current price would drop -45.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -14.86% for stock’s current value.

MPLX LP (MPLX) estimates and forecasts

Statistics highlight that MPLX LP is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -5.27% of value to its shares in past 6 months, showing an annual growth rate of 14.69% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 13.50% in the current quarter and calculating 7.70% increase in the next quarter. This year revenue growth is estimated to rise 8.60% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.73 billion for the same. And 5 analysts are in estimates of company making revenue of $2.73 billion in the next quarter that will end on Dec 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 295.30% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 456.80% while estimates for its earnings growth in next 5 years are of 9.94%.

MPLX Dividends

MPLX LP is more likely to be releasing its next quarterly report on November 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

MPLX LP (NYSE:MPLX)’s Major holders

Insiders are in possession of 64.13% of company’s total shares while institution are holding 23.79 percent of that, with stock having share float percentage of 66.32%. Investors also watch the number of corporate investors in a company very closely, which is 23.79% institutions for MPLX LP that are currently holding shares of the company. Blackstone Inc is the top institutional holder at MPLX for having 57.57 million shares of worth $1.7 billion. And as of Jun 29, 2022, it was holding 5.69% of the company’s outstanding shares.

The second largest institutional holder is Alps Advisors Inc., which was holding about 40.44 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 4.00% of outstanding shares, having a total worth of $1.19 billion.

On the other hand, Alps ETF Tr-Alerian MLP ETF and Invesco Steelpath MLP Income Fund are the top two Mutual Funds which own company’s shares. As of May 30, 2022, the former fund manager was holding 19.4 million shares of worth $572.23 million or 1.92% of the total outstanding shares. The later fund manager was in possession of 11.79 million shares on May 30, 2022, making its stake of worth around $347.79 million in the company or a holder of 1.16% of company’s stock.

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