Is MPLX LP (MPLX) a good stock to buy now?

MPLX LP (NYSE: MPLX) is 16.69% 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 $42.63 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $42.85, the stock is 2.13% and 1.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 0.52% at the moment leaves the stock 7.94% off its SMA200. MPLX registered 23.34% gain for a year compared to 6-month gain of 8.92%.

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The stock witnessed a -0.56% loss in the last 1 month and extending the period to 3 months gives it a 6.57%, and is 0.59% 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 1.04% over the week and 1.81% over the month.

MPLX LP (MPLX) has around 5810 employees, a market worth around $43.73B and $10.99B in sales. Current P/E ratio is 10.38 and Fwd P/E is 9.68. Profit margin for the company is 37.89%. Distance from 52-week low is 24.31% and -1.31% 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 11.95% this year.

MPLX LP (MPLX) Top Institutional Holders

544.0 institutions hold shares in MPLX LP (MPLX), with institutional investors hold 71.07% of the company’s shares. The shares outstanding are 1.00B, and float is at 362.99M with Short Float at 1.95%. Institutions hold 25.85% of the Float.

The top institutional shareholder in the company is ALPS ADVISORS INC with over 26.16 million shares valued at $1.11 billion. The investor’s holdings represent 2.5954% of the MPLX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKSTONE INC. with 23.14 million shares valued at $985.52 million to account for 2.2956 of the shares outstanding. The other top investors are INVESCO LTD. which holds 21.17 million shares representing 2.0997% and valued at over $901.42 million, while BANK OF AMERICA CORP /DE/ holds 1.7063 of the shares totaling 17.2 million with a market value of $732.52 million.