Published On: Mon, Jul 17th, 2017

MPLX LP (NYSE:MPLX) – Latest Broker Consensus

Currently 19 brokers are covering MPLX LP (NYSE:MPLX), 8 rate it “Buy”, 9 “Outperform”, 0 “Underperform”, 0 “Sell”, while 2 “Hold”.

Below are the most recently updated broker updates which include ratings and price targets for MPLX LP (NYSE:MPLX).

04/03/2017 – Broker: Citigroup Rating: buy New Target: 45 reiteration

03/01/2017 – Broker: Mitsubishi UFJ Rating: overweight New Target: 43 upgrade

02/02/2017 – Broker: Barclays Rating: overweight New Target: 44 reiteration

01/10/2017 – Broker: Wells Fargo Rating: outperform upgrade

01/04/2017 – Broker: Mizuho Rating: buy New Target: 42 upgrade

12/08/2016 – Broker: Evercore ISI Rating: buy New Target: 39 upgrade

10/31/2016 – Broker: Raymond James Rating: strong buy New Target: 42 upgrade

10/31/2016 – Broker: Jefferies Rating: buy New Target: 40 upgrade

09/09/2016 – Broker: FBR Capital Markets Rating: market perform New Target: 35 newcoverage

05/03/2016 – Broker: Ladenburg Thalmann Rating: buy New Target: 46 reiteration

05/02/2016 – Broker: RBC Capital Rating: outperform New Target: 45 newcoverage

04/29/2016 – Broker: Stifel Nicolaus Rating: buy New Target: 36 upgrade

04/29/2016 – Broker: Credit Suisse Rating: outperform New Target: 40 upgrade

03/23/2016 – Broker: Goldman Sachs Rating: buy New Target: 34 reiteration

03/15/2016 – Broker: Deutsche Bank Rating: buy New Target: 34 reiteration

The average price target from the most recent broker reports is 40.36

The stock increased +2.47% (+0.86) during the last days session, reaching 35.70 and roughly 860064 shares were bought or sold by traders.

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products. Its segments are Logistics and Storage (L&S), and Gathering and Processing (G&P). The L&S segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. As of December 31, 2016, the G&P segment operated various natural gas gathering systems that had a combined 5,439 million cubic feet per day (mmcf/d) throughput capacity. As of December 31, 2016, its assets included infrastructure to support MPC, including approximately 2,900 miles of crude oil and refined product pipelines across nine states.