MPLX LP [NYSE: MPLX] traded at a high on Thursday, posting a 3.21 gain after which it closed the day’ session at $53.36.
The results of the trading session contributed to over 5261153 shares changing hands. Over the past one week, the price volatility of MPLX LP stands at 2.08% while the volatility over the past one month is 1.87%.
The market cap for MPLX stock reached $54.36 billion, with 1.02 billion shares outstanding and 364.79 million shares in the current float. Compared to the average trading volume of 1.89M shares, MPLX reached a trading volume of 5261153 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 $53.14 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 1.04, with the Price to Sales ratio for MPLX stock in the period of the last 12 months amounting to 4.92. The Price to Book ratio for the last quarter was 4.01, 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 11.47 with Quick ratio for the last quarter at 0.95.
How has MPLX stock performed recently?
MPLX LP [MPLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.85. With this latest performance, MPLX shares gained by 12.38% in over the last four-week period, additionally plugging by 23.78% over the last 6 months – not to mention a rise of 40.24% 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 70.15, with the RSI for the last a single of trading hit 73.87, and the three-weeks RSI is set at 67.34 for MPLX LP [MPLX]. The present Moving Average for the last 50 days of trading for this stock 49.19, while it was recorded at 51.86 for the last single week of trading, and 44.23 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 0.95 and a Current Ratio set at 0.99.
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 6.80%.
Insider trade positions for MPLX LP [MPLX]
There are presently around $25.23%, or 69.59%% 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%.
