MPLX LP [MPLX] gain 8.01% so far this year. What now?

MPLX LP [NYSE: MPLX] traded at a low on Tuesday, posting a -0.50 loss after which it closed the day’ session at $39.66.

The results of the trading session contributed to over 5579703 shares changing hands. Over the past one week, the price volatility of MPLX LP stands at 1.67% while the volatility over the past one month is 1.27%.

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The market cap for MPLX stock reached $40.09 billion, with 1.00 billion shares outstanding and 356.69 million shares in the current float. Compared to the average trading volume of 2.19M shares, MPLX reached a trading volume of 5579703 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about MPLX LP [MPLX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MPLX shares is $43.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MPLX stock is a recommendation set at 1.79. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for MPLX LP shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 06, 2023. While these analysts kept the previous recommendation, JP Morgan raised their target price from $37 to $41. The new note on the price target was released on March 14, 2023, representing the official price target for MPLX LP stock. Previously, the target price had yet another raise to $36, while Wolfe Research analysts kept a Outperform rating on MPLX stock.

The Average True Range (ATR) for MPLX LP is set at 0.55, with the Price to Sales ratio for MPLX stock in the period of the last 12 months amounting to 3.75. The Price to Book ratio for the last quarter was 3.20, with the Price to Cash per share for the same quarter was set at 1.04. Price to Free Cash Flow for MPLX in the course of the last twelve months was 8.98 with Quick ratio for the last quarter at 1.01.

How has MPLX stock performed recently?

MPLX LP [MPLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.01. With this latest performance, MPLX shares dropped by -1.59% in over the last four-week period, additionally plugging by 9.80% over the last 6 months – not to mention a rise of 13.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MPLX stock in for the last two-week period is set at 36.01, with the RSI for the last a single of trading hit 25.17, and the three-weeks RSI is set at 43.15 for MPLX LP [MPLX]. The present Moving Average for the last 50 days of trading for this stock 40.01, while it was recorded at 40.53 for the last single week of trading, and 36.79 for the last 200 days.

MPLX LP [MPLX]: Deeper insight into the fundamentals

MPLX LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.01 and a Current Ratio set at 1.07.

Earnings analysis for MPLX LP [MPLX]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MPLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MPLX LP go to 4.20%.

Insider trade positions for MPLX LP [MPLX]

The top three institutional holders of MPLX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MPLX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MPLX stock with ownership which is approximately 5.8386%.

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