Analyst Price Target Update on MPLX LP (NYSE:MPLX)

MPLX LP (NYSE:MPLX) stock has received a short term price target of $ 38.63 from 8 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $4.78. The higher estimate of target price is $46 , while the lower price target estimate is $33

Many analysts have stated their opinion on the company shares. Mitsubishi UFJ initiates coverage on MPLX LP (NYSE:MPLX). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 26, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (Exec VP and CFO) of Mplx Lp, Buese Nancy sold 5,000 shares at $34 on May 23, 2016. The Insider selling transaction had a total value worth of $170,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

MPLX LP (NYSE:MPLX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.61 points or 1.85% at $32.4 with 1,557,940 shares getting traded. Post opening the session at $32.64, the shares hit an intraday low of $32.21 and an intraday high of $32.85 and the price was in this range throughout the day. The company has a market cap of $10,992 million and the number of outstanding shares have been calculated to be 339,263,320 shares. The 52-week high of MPLX LP (NYSE:MPLX) is $76.2923 and the 52-week low is $16.34.

MPLX LP is a fee-based master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. The Companys assets include interest in a network of common carrier crude oil and product pipeline systems and storage assets in the Midwest and Gulf Coast regions of the United States. It has interest in a butane cavern in Neal, West Virginia with one million barrels of natural gas liquids storage capacity. It charges tariff for transporting crude oil, refined products and other hydrocarbon-based products through its pipelines and at its barge dock, and fees for storing crude oil and products at its storage facilities. It also operates additional crude oil and product pipelines owned by MPC and third parties for which the Company is paid operating fees. It also has interest in Pipe Line Holdings.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.