MPLX LP [NYSE: MPLX] closed the trading session at $45.63.
The stocks have a year to date performance of 24.26 percent and weekly performance of -1.74 percent. The stock has been moved at 12.95 percent over the last six months. The stock has performed 3.49 percent around the most recent 30 days and changed 9.03 percent over the most recent 3-months.
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If compared to the average trading volume of 1.44M shares, MPLX reached to a volume of 8890585 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $49.21 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 2.00. 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.
BofA Securities have made an estimate for MPLX LP shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 17, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on October 06, 2023, representing the official price target for MPLX LP stock. Previously, the target price had yet another raise from $37 to $41, while JP Morgan kept a Overweight rating on MPLX stock.
The Average True Range (ATR) for MPLX LP is set at 0.77, with the Price to Sales ratio for MPLX stock in the period of the last 12 months amounting to 4.20. The Price to Book ratio for the last quarter was 3.43, with the Price to Cash per share for the same quarter was set at 2.38. Price to Free Cash Flow for MPLX in the course of the last twelve months was 9.81 with Quick ratio for the last quarter at 0.95.
MPLX stock trade performance evaluation
MPLX LP [MPLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.74. With this latest performance, MPLX shares gained by 3.49% in over the last four-week period, additionally plugging by 12.95% over the last 6 months – not to mention a rise of 29.30% 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 56.74, with the RSI for the last a single of trading hit 55.07, and the three-weeks RSI is set at 57.25 for MPLX LP [MPLX]. The present Moving Average for the last 50 days of trading for this stock 44.36, while it was recorded at 46.19 for the last single week of trading, and 41.88 for the last 200 days.
MPLX LP [MPLX]: An insightful look at the core fundamentals
MPLX LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 0.99.
Earnings per share (EPS) analysis for MPLX LP [MPLX] stock
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 6.75%.
MPLX LP [MPLX]: Institutional Ownership
There are presently around $26.14%, or 72.10%% of MPLX stock, in the hands of institutional investors. The top three institutional holders of MPLX stocks are: ALPS ADVISORS INC with ownership of 26.16 million shares, which is approximately 2.5954%. BLACKSTONE INC., holding 23.14 million shares of the stock with an approximate value of $$985.52 million in MPLX stocks shares; and BLACKSTONE INC., currently with $$901.42 million in MPLX stock with ownership which is approximately 2.0997%.
