MPLX stock icon

MPLX
MPLX

$41.42
0.61%
 

About: MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in 2019.

Employees: 5,810

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 12 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

108% more call options, than puts

Call options by funds: $158M | Put options by funds: $76M

61% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 44

19% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 126

14% more capital invested

Capital invested by funds: $8.15B [Q4 2023] → $9.32B (+$1.17B) [Q1 2024]

9% more funds holding in top 10

Funds holding in top 10: 23 [Q4 2023] → 25 (+2) [Q1 2024]

6% more funds holding

Funds holding: 435 [Q4 2023] → 462 (+27) [Q1 2024]

0.15% more ownership

Funds ownership: 22.15% [Q4 2023] → 22.31% (+0.15%) [Q1 2024]

Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$43
4%
upside
Avg. target
$46
12%
upside
High target
$49
18%
upside

8 analyst ratings

positive
100%
neutral
0%
negative
0%
JP Morgan
Jeremy Tonet
11%upside
$46
Overweight
Maintained
3 May 2024
Truist Securities
Neal Dingmann
16%upside
$48
Buy
Maintained
2 May 2024
Stifel
Selman Akyol
13%upside
$47
Buy
Maintained
1 May 2024
UBS
Brian Reynolds
18%upside
$49
Buy
Maintained
12 Apr 2024
Barclays
Christine Cho
4%upside
$43
Overweight
Maintained
5 Apr 2024

Financial journalist opinion

Based on 12 articles about MPLX published over the past 30 days