Published On: Wed, Oct 19th, 2016

MPLX LP (NYSE:MPLX) Updated Analyst Coverage


A number of investment brokers have recently updated their price targets on shares of MPLX LP (NYSE:MPLX).

Most recent broker ratings

09/30/2016 – Mizuho began new coverage on MPLX LP giving the company a “neutral” rating. They now have a USD 35 price target on the stock.

09/09/2016 – FBR Capital Markets began new coverage on MPLX LP giving the company a “market perform” rating. They now have a USD 35 price target on the stock.

08/23/2016 – Jefferies began new coverage on MPLX LP giving the company a “hold” rating. They now have a USD 35 price target on the stock.

07/19/2016 – Barclays began new coverage on MPLX LP giving the company a “overweight” rating. They now have a USD 42 price target on the stock.

05/26/2016 – Mitsubishi UFJ began new coverage on MPLX LP giving the company a “neutral” rating. They now have a USD 38 price target on the stock.

05/17/2016 – MPLX LP had its “buy” rating reiterated by analysts at Citigroup.

05/03/2016 – MPLX LP had its “buy” rating reiterated by analysts at Ladenburg Thalmann. They now have a USD 46 price target on the stock.

05/02/2016 – RBC Capital began new coverage on MPLX LP giving the company a “outperform” rating. They now have a USD 45 price target on the stock.

04/29/2016 – MPLX LP was upgraded to “buy” by analysts at Stifel Nicolaus. They now have a USD 36 price target on the stock.

04/29/2016 – MPLX LP was upgraded to “outperform” by analysts at Credit Suisse. They now have a USD 40 price target on the stock.

04/21/2016 – Raymond James began new coverage on MPLX LP giving the company a “market perform” rating.

04/08/2016 – MPLX LP was downgraded to “hold” by analysts at Evercore ISI. They now have a USD 27 price target on the stock.

03/23/2016 – MPLX LP had its “buy” rating reiterated by analysts at Goldman Sachs. They now have a USD 34 price target on the stock.

03/15/2016 – MPLX LP had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 34 price target on the stock.

02/05/2016 – MPLX LP had its “neutral” rating reiterated by analysts at Bank of America Merrill Lynch. They now have a USD 26 price target on the stock.

The share price of MPLX LP (NYSE:MPLX) was down -0.19% during the last day of trading, with a day high of 31.77. 761593 shares were traded during the last session.

The stock’s 50 day moving average is 32.40 and its 200 day moving average is 32.31. The stock’s market capitalization is 10.51B. MPLX LP has a 52-week low of 16.34 and a 52-week high of 45.63.

MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires 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. The Company’s segments are Logistics and Storage (L&S) and Gathering and Processing (G&P). Its assets include infrastructure to support Marathon Petroleum Corporation (MPC), including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Company owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities with approximately 4,530 thousand barrels (mbbls) of available storage capacity.