BofA Securities has recently resumed MPLX LP (MPLX) stock to Underperform rating, as announced on October 17, 2024, according to Finviz. Earlier, on October 6, 2023, Goldman had resumed the stock to Buy, setting a price target of $40. JP Morgan also raised Overweight rating with a price target of $41. Additionally, Wolfe Research raised Outperform rating on January 9, 2023, with a target price of $36. Citigroup analysts, in their report published on December 9, 2022, also initiated Neutral rating for MPLX LP’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
MPLX LP (MPLX) Stock Trading Recap
On Thursday, MPLX LP (MPLX) stock saw a modest uptick, ending the day at $49.75 which represents a slight increase of $0.50 or 1.02% from the prior close of $49.25. The stock opened at $49.5 and touched a low of $49.19 during the day, reaching a high of $50.18. The volume of shares traded was 2.43 million exceeding the average volume of 1.91 million.
Sponsored
MPLX Stock Performance and Moving Averages
In recent trading, MPLX LP (MPLX) stock price has shown some volatility, fluctuating -2.18% over the last five trades and 6.58% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 12.25%, and it has plunged by -7.10% in the previous three months. Currently, MPLX is trading at -1.46%, -3.91%, and 3.87% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MPLX, a Energy sector stock, is trading -9.33% below its 52-week high but remains 24.87% above its 52-week low. The Average True Range (ATR) (14 days) of 1.52 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
MPLX LP’s Profitability and Valuation Ratios
MPLX LP’s profitability metrics reveal financial health. The company currently boasts an operating margin of 40.27% and a profit margin of 38.81%, with a gross margin of 12.25%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, MPLX LP’s market capitalization stands at $50.78 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 11.49, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 10.30. Additionally, the Price-to-Sales Ratio is 4.46, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.67, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 63.97% of MPLX LP (MPLX)’s shares, while financial institutions hold 21.33%.
Notable insider trades include HAGEDORN CARL KRISTOPHER, Exec VP & Chief Fin Ofc at MPLX LP (MPLX), who sold 4,000 shares on Nov 18 ’24, at $47.24 each, totaling $0.19 million.
