MPLX LP (MPLX) Shares Slide -3.85%

MPLX LP (MPLX) : During the past 4 weeks, traders have been relatively bearish on MPLX LP (MPLX), hence the stock is down -4.54% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.79% relative to the S&P 500. The 4-week change in the price of the stock is -1.34% and the stock has fallen -3.85% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.12% and the 50-Day Moving Average is 1.64%. MPLX LP is up 0.81% in the last 3-month period. Year-to-Date the stock performance stands at -14.77%.


MPLX LP (NYSE:MPLX): On Fridays trading session , Opening price of the stock was $32.5 with an intraday high of $32.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.87. However, the stock managed to close at $32.45, a loss of 0.95% for the day. On the previous day, the stock had closed at $32.76. The total traded volume of the day was 1,703,688 shares.

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Your email address will not be published.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.