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Monday, January 30, 2023

Value Investing Philosophy And MPLX LP (NYSE: MPLX)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for MPLX LP (MPLX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.09, or -0.27%, to $33.75. The MPLX LP has recorded 22,313 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that MPLX LP Reports Third-Quarter 2022 Financial Results.


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Stocks Info

MPLX belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $33.84 and fluctuated between $33.99 as its day high and $33.76 as its day low. The current market capitalization of MPLX LP is $34.53B. A total of 0.95 million shares were traded on the day, compared to an average of 1.71M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MPLX has seen 6 BUY and 0 SELL insider trades, representing the acquisition of 5,868 and the disposition of 0 shares. Over the last 12 months, there were 56 BUYs and 23 SELLs from insiders. Insiders purchased 188,539 shares during that period but sold 94,977.

In the most recent transaction, Floerke Gregory Scott sold 2,500 shares of MPLX for 35.00 per share on Apr 19. After the transaction, the Exec. VP and COO now owns 80,212 company shares. In a previous transaction on Feb 07, Floerke Gregory Scott sold 2,500 shares at 33.20 per share. MPLX shares that Exec. VP and COO owns now total 76,836.

Among the insiders who sold shares, SEMPLE FRANK M disposed of 28,000 shares on Feb 02 at a per-share price of $34.00. This resulted in the Director holding 333,337 shares of MPLX after the transaction. In another insider transaction, SEMPLE FRANK M sold 28,000 shares at $33.00 per share on Feb 01. Company shares held by the Director now total 361,337.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. MPLX LP pays an annual dividend of $3.10, resulting in a dividend yield of 9.16%, and it has a price to earnings (P/E) ratio of 8.95. MPLX’s most recent ex-dividend date was 11/14/2022 when it declared a $0.7750 quarterly dividend that was paid in cash on 11/22/2022. Previously, the company paid the dividend on 8/12/2022 with an ex-dividend date of 8/4/2022. The MPLX stock dividend was $0.7050 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MPLX in the last 3 months, the mean price target is $38.73 with high estimates of $44.00 and low estimates of $35.00. In terms of 52-week highs and lows, MPLX has a high of $35.49 and a low of $27.47.

As of this writing, MPLX has an earnings estimate of $0.83 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.86 per share and a lower estimate of $0.81. The company reported an EPS of $0.78 in the last quarter, which was 2.60% higher than expectations of $0.76.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MPLX is Hold with a score of 3.89. A total of 5 analysts rated the stock as Buy while 2 rated it as Overweight while 5 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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