MPLX LP (NYSE: MPLX) is 16.01% higher on its value in year-to-date trading and has touched a low of $34.47 and a high of $43.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MPLX stock was last observed hovering at around $42.39 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $42.60, the stock is 1.21% and 1.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 0.50% at the moment leaves the stock 7.74% off its SMA200. MPLX registered 22.45% gain for a year compared to 6-month gain of 9.15%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -1.18% loss in the last 1 month and extending the period to 3 months gives it a 5.32%, and is 5.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.84% over the week and 1.91% over the month.
MPLX LP (MPLX) has around 5810 employees, a market worth around $43.48B and $10.99B in sales. Current P/E ratio is 10.32 and Fwd P/E is 9.67. Profit margin for the company is 37.89%. Distance from 52-week low is 23.59% and -1.89% from its 52-week high. The company has generated returns on investments over the last 12 months (12.48%).
The EPS is expected to grow by 10.70% this year.
MPLX LP (MPLX) Top Institutional Holders
543.0 institutions hold shares in MPLX LP (MPLX), with institutional investors hold 71.06% of the company’s shares. The shares outstanding are 1.00B, and float is at 362.96M with Short Float at 1.95%. Institutions hold 25.84% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 25.7 million shares valued at $$1.07 billion. The investor’s holdings represent 2.5654 of the MPLX Shares outstanding. As of 2024-03-31, the second largest holder is BLACKSTONE INC. with 23.22 million shares valued at $$965.21 million to account for 2.3178 of the shares outstanding. The other top investors are INVESCO LTD. which holds 20.82 million shares representing 2.0775 and valued at over $$865.15 million, while GOLDMAN SACHS GROUP INC holds 1.4545 of the shares totaling 14.57 million with a market value of $$605.7 million.
