With 2.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.94 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $53.32 whereas the lowest price it dropped to was $51.94. The 52-week range on MPLX shows that it touched its highest point at $53.55 and its lowest point at $37.04 during that stretch. It currently has a 1-year price target of $53.14. With its current market cap of 52.99 billion, MPLX has annualized dividend of $3.51 while the current yield stands at 6.74%. MPLX paid its most recent dividend on 1731024000, while the ex-dividend date for that was 1738540800. Beta for the stock currently stands at 1.39.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MPLX was up-trending over the past week, with a rise of 0.25%, but this was up by 9.06% over a month. Three-month performance surged to 16.25% while six-month performance rose 21.46%. The stock gained 35.06% in the past year, while it has gained 8.67% so far this year. A look at the trailing 12-month EPS for MPLX yields 4.25 with Next year EPS estimates of 4.36. For the next quarter, that number is 1.04. This implies an EPS growth rate of 10.31% for this year and 3.98% for next year. EPS is expected to grow by 6.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.78%.
Float and Shares Shorts:
At present, 1.02 billion MPLX shares are outstanding with a float of 364.79 million shares on hand for trading. On 2025-01-15, short shares totaled 9.21 million, which was 89.99999999999999 higher than short shares on 1734048000. In addition to Mr. Michael J. Hennigan as the firm’s Executive Chairman of the Board of MPLX GP LLC, Mr. Gregory Scott Floerke serves as its Executive VP & COO.
Institutional Ownership:
Through their ownership of 0.25238 of MPLX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MPLX reported revenue of $2776000000.0 and operating income of $1126000000.0. The EBITDA in the recently reported quarter was $1617000000.0 and diluted EPS was $1.01.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MPLX since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MPLX analysts setting a high price target of 58.0 and a low target of 44.0, the average target price over the next 12 months is 51.93938. Based on these targets, MPLX could surge 11.52% to reach the target high and fall by -15.4% to reach the target low. Reaching the average price target will result in a decline of -0.14% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.26216 being high and $4.16187 being low. For MPLX, this leads to a yearly average estimate of $4.19196.
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