MPLX LP (MPLX) : 11 analysts are covering MPLX LP (MPLX) and their average rating on the stock is 2, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. MPLX LP (MPLX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
MPLX LP (MPLX) : Average target price received by MPLX LP (MPLX) is $38.75 with an expected standard deviation of $4.62. The most aggressive target on the stock is $46, whereas the most downbeat target is $34. 8 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy.
MPLX LP (NYSE:MPLX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.07 and $33.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.83, notching a gain of 6.16% for the day. The total traded volume was 1,199,901 . The stock had closed at $32.81 on the previous day.
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.