Market Insight: MPLX LP (MPLX)’s Notable Drop, Closing at 40.45

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In the latest session, MPLX LP (NYSE: MPLX) closed at $40.45 down -1.80% from its previous closing price of $41.19. In other words, the price has decreased by -$1.80 from its previous closing price. On the day, 5.48 million shares were traded. MPLX stock price reached its highest trading level at $41.29 during the session, while it also had its lowest trading level at $39.84.

Ratios:

For a deeper understanding of MPLX LP’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 106.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.26. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.72. In the meantime, Its Debt-to-Equity ratio is 1.56 whereas as Long-Term Debt/Eq ratio is at 1.44.

On March 14, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $37 to $41.

Wolfe Research Upgraded its Peer Perform to Outperform on January 09, 2023, while the target price for the stock was maintained at $36.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MPLX now has a Market Capitalization of 42106023936 and an Enterprise Value of 62466117632. As of this moment, MPLX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.39, and their Forward P/E ratio for the next fiscal year is 9.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.80 while its Price-to-Book (P/B) ratio in mrq is 3.18. Its current Enterprise Value per Revenue stands at 5.789 whereas that against EBITDA is 11.223.

Stock Price History:

The Beta on a monthly basis for MPLX is 1.34, which has changed by 0.18970585 over the last 52 weeks, in comparison to a change of 0.26159418 over the same period for the S&P500. Over the past 52 weeks, MPLX has reached a high of $42.90, while it has fallen to a 52-week low of $33.12. The 50-Day Moving Average of the stock is -1.47%, while the 200-Day Moving Average is calculated to be 8.07%.

Shares Statistics:

For the past three months, MPLX has traded an average of 2.16M shares per day and 2006550 over the past ten days. A total of 1.00B shares are outstanding, with a floating share count of 358.61M. Insiders hold about 64.71% of the company’s shares, while institutions hold 21.63% stake in the company. Shares short for MPLX as of 1714435200 were 12110054 with a Short Ratio of 5.60, compared to 1711584000 on 10662425. Therefore, it implies a Short% of Shares Outstanding of 12110054 and a Short% of Float of 3.3000000000000003.

Dividends & Splits

According to the company, the forward annual dividend rate for MPLX is 3.33, from 3.325 in the trailing year. Against a Trailing Annual Dividend Yield of 0.08072348The stock’s 5-year Average Dividend Yield is 10.3.

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