Gain detailed insights into the trading activity of Congress members for MPLX on our government trades page. Stay updated on how elected officials are investing in MPLX.

MPLX - Government Trades

MPLX

MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in 2019.

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C-Suite Buys of the Week: Airlines and Infrastructure are Heating Up

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iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

Marathon Petroleum shares rise after surpassing Q3 expectations and returning $3 billion to shareholders in third quarter FY24.

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As geopolitical tensions between Iran and Israel escalate, the global energy markets are once again on edge. Recent developments, including Iranian missile strikes on Tel Aviv and Israel&#39;s ground operations in southern Lebanon, have rattled investor confidence.

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Imperial Oil Limited (AMEX:IMO) has experienced 16% growth in its share price year to date (YTD), significantly outperforming the broader oil and energy sector, which has seen a 0.3% decline. This stark disparity raises a key question for investors: Should they invest in the stock now or wait for a more favorable opportunity?

Imperial&#39;s Shares Gain 16% YTD: Should You Buy or Wait for Now?

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Transocean Ltd. (NYSE: RIG) has secured a new assignment with the British oil major, BP plc (NYSE: BP), in the U.S. Gulf of Mexico.

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SLB (NYSE: SLB), an American oilfield services company, has announced a breakthrough in sustainable lithium production at its demonstration plant in Clayton Valley, NV.

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TRGP

The Williams Companies, Inc. (NYSE: WMB) is on an ambitious path to expand its natural gas infrastructure with the addition of 12 projects representing approximately 4.2 billion cubic feet per day (bcfd) of capacity from 2024 to 2027.

Williams to Boost Natural Gas Capacity With 12 New Projects

Oceaneering International Inc. (NYSE: OII) has secured multiple awards in the U.K. North Sea region. The company&#39;s UK-based subsidiary Oceaneering International Servicesannounced several contracts with multiple operators in the region.

Oceaneering Secures Multiple Contracts in the UK North Sea

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Equinor ASA (NYSE: EQNR), a Norwegian energy giant, announced the cancellation of its offshore wind projects in Spain and Portugal, following a previous similar decision to exit Vietnam.

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Eni SpA (NYSE: E), an Italian energy giant, has received approval from Indonesian authorities to develop two offshore fields, paving the way for a new gas and condensates production hub in the Kutei Basin off the coast of Indonesia. This move is set to enhance Eni&#39;s gas production capacity significantly.

Eni Secures New Offshore Gas Hub Approvals in Indonesia

MPLX LP Common Units Representing Limited Partner Interests

MPLX LP

8 analysts have shared their evaluations of MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $51.38, along with a high estimate of $55.00 and a low estimate of $43.00. Surpassing the previous average price target of $49.14, the current average has increased by 4.56%.
<img src="https://www.benzinga.com/files/images/story/2024/1734552013_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of MPLX among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$52.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Brian Reynolds</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Jean Ann Salisbury</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Underperform</td>
<td>$43.00</td>
<td>-</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$45.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to MPLX. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MPLX compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for MPLX's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into MPLX's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MPLX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MPLX analyst ratings.</a>
<h2>Unveiling the Story Behind MPLX</h2>
MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in 2019.
<h3>Breaking Down MPLX's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: MPLX displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 2.28%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 37.14%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): MPLX's ROE excels beyond industry benchmarks, reaching 7.52%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): MPLX's ROA stands out, surpassing industry averages. With an impressive ROA of 2.68%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: MPLX's debt-to-equity ratio is below the industry average at 1.66, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About MPLX Stock

Wells Fargo analyst Michael Blum maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Overweight and raises the price target from $53 to $54.

Price Target

Wells Fargo Maintains Overweight on MPLX, Raises Price Target to $54

MPLX's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) short percent of float has risen 8.2% since its last report. The company recently reported that it has 10.22 million shares sold short, which is 2.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>MPLX Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733754618_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MPLX has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing MPLX's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, MPLX's peer group average for short interest as a percentage of float is 4.06%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About MPLX?

Last week was the 13F filings deadline at the SEC.
All stripes of money managers, from freshly minted mutual fund managers to hedge fund pros and patrician blue blood family offices, must send the Securities and Exchange Commission a list of every stock they owned at the end of the third quarter.
A simple comparison of this quarter&#8217;s filing to the last one shows what the best and brightest of Wall Street have been buying and selling recently.
The financial media and instant experts of the Internet have been all over the place in the last week, telling us what Warren Buffett, Cathie Wood, Michael Burry, Bill Ackman, and many other celebrity investors have been doing with their money recently.
It is undoubtedly a fun topic and occasionally interesting, but knowing what multi-gazillionaires are doing with their cash is not very useful for those of us still working to cobble together the first billion.
One of the most critical pieces of information from the quarterly filings is that most people who get paid to manage America&#8217;s money are mediocre at best.
What most do not realize is that this mediocrity is mostly intentional.
To be great, you must be different.
As Sir John Templeton pointed out, you cannot be great if you do what everyone else does.
Being different on Wall Street can get you fired.
Being a portfolio manager is a perfect job.
The easiest way to keep that job is to do what everybody else is doing.
That way, if something goes wrong, it is the market&#8217;s fault.
If you try to be great and something goes wrong, it is your fault.
The unemployment line beckons.
The trick to making money from the acts of idea piracy I perform every quarter is to dig deep and find those investors who dare to be different and are not managing so much money that mediocre is the best they can achieve.
One of the finest examples of that small handful of investors worthy of being raided is Glenn Greenberg of Brave Warriors Advisors.
The tale of Glenn Greenberg&#8217;s investing career is not a rags-to-riches tale by any stretch of the imagination.
His mother was the great-granddaughter of the founder of the Gimbels chain of department stores in New York.
While Gimbels closed in 1986, it was a major player in the retail industry for 144 years and is best known today (especially this time of year) for its role in &#8220;A Miracle on 34th Street.&#8221;
His father is Hall of Fame slugger Hank Greenberg, one of the greatest power hitters of all time. He helped lead the Detroit Tigers to two World Series titles.
Like many of the best investors, Glenn Greenberg did not take a traditional route to Wall Street. He got a degree in English from Yale University and followed that with a Master of Arts in Literature from New York University.
Then he went to Columbia and procured an MBA.
After completing his MBA in 1971, Greenberg joined Morgan Guaranty Trust&#8217;s Pension group as an analyst and portfolio manager, where he worked for five years. In 1978, he moved to Central-National Gottesman, collaborating with Arthur Ross and Edgar Wachenheim, two successful off-the-radar screen investors.
In 1984, Greenberg went out on his own with Chieftain Capital until 2010 when he outperformed the S&amp;P 500 by 50% annually.
He and his partner parted company, and Greenberg founded Brave Warrior Advisors.
The outperformance has continued at Brave Warrior as Greenberg has outperformed the indexes by a wide margin.
Greenberg uses a value-oriented philosophy and takes a handful of positions in companies he considers excellent businesses that can be purchased at attractive prices.
Like most fund managers, Greenberg holds stocks for years, not just months.
Idea pirates who owned the top ten stocks in the Brave Warrior Portfolio have done very well.
Greenberg was only adding shares of a handful of his holdings in the past quarter.
The largest addition was a new position in Ryanair Holdings (Ticker: RYAAY), the Dublin-based discount airline.
Ryanair is known for its high operating efficiency and strong market position. The airline currently offers over 3,600 flights to destinations in 340 cities worldwide.
Ryanair has ambitious growth plans and is targeting a 50% growth in passenger numbers by the end of the decade, supported by its growing fleet of fuel-efficient aircraft.
The airline&#8217;s strong balance sheet will allow it to manage the ebbs and flows of the global economy and air travel.
Coupled with its history of consistent profitability and a shareholder-friendly approach to capital returns, the company&#8217;s growth plans and strong balance sheet create the opportunity for massive long-term gains for patient, aggressive investors.
Brave Warrior was also buying more TD Synnex Corp (Ticker: SNX) shares. Synnex is a leading global distributor and solutions aggregator for the IT ecosystem, with over 150,000 customers in over 100 countries worldwide.
Synnex distributes products from over 2,500 vendors, including many in fast-growing marketplace segments like cloud, cybersecurity, big data/analytics, AI, IoT, mobility, and everything as a service.
Whoever the biggest winner in technology is going forward, there is a good chance Synnex will sell a significant percentage of the gear and equipment needed to reach their goals.
The firm&#8217;s third largest purchase is one of my favorite companies in one of my favorite industries.
We are not done using oil and gas.
We are not even close to being done.
We will need enormous amounts of both, especially natural gas, to fund the future of industry and technology.
It will all move through pipelines, terminals, processing centers, and other infrastructure.
Oil and gas companies will pay a fee to move their products through that infrastructure.
Much of that infrastructure is owned by MPLX (Ticker: MPLX), a publicly traded MLP.
They collect the fees and pay them out to shareholders as dividends.
The shares currently yield right around 7.5%.
The value of the assets they own and the cash they produce should increase over time.
A few years ago, I had a friend tell me they did not want to buy MLPs like MPLX because they hated dealing with K-1 forms at tax time.
Since then, he would have collected more than half the dividend purchase price, and the stock has almost tripled.
It would have been more profitable to pay the accountant.
Stealing ideas from Glenn Greenberg and his team may not be the most exciting thing you have ever done with your portfolio.
There is a good chance it could be the most profitable.

Truist Securities analyst Neal Dingmann maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Buy and raises the price target from $48 to $55.

Truist Securities Maintains Buy on MPLX, Raises Price Target to $55

RBC Capital analyst Elvira Scotto maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Outperform and raises the price target from $50 to $52.

RBC Capital Maintains Outperform on MPLX, Raises Price Target to $52

MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for MPLX, revealing an average target of $49.12, a high estimate of $55.00, and a low estimate of $43.00. Marking an increase of 2.63%, the current average surpasses the previous average price target of $47.86. 
<img src="https://www.benzinga.com/files/images/story/2024/1731693651_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of MPLX's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Reynolds</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$55.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Jean Ann Salisbury</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Underperform</td>
<td>$43.00</td>
<td>-</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Brian Reynolds</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$51.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$47.00</td>
<td>$47.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to MPLX. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MPLX compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of MPLX's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into MPLX's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MPLX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MPLX analyst ratings.</a>
<h2>Discovering MPLX: A Closer Look</h2>
MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in 2019.
<h3>A Deep Dive into MPLX's Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining MPLX's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.28% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: MPLX's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 37.14% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): MPLX's ROE excels beyond industry benchmarks, reaching 7.52%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.68%, the company showcases effective utilization of assets.
Debt Management: MPLX's debt-to-equity ratio is below the industry average at 1.66, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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8 Analysts Have This To Say About MPLX

UBS analyst Brian Reynolds maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Buy and raises the price target from $51 to $55.

UBS Maintains Buy on MPLX, Raises Price Target to $55

Wells Fargo analyst Michael Blum maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Overweight and raises the price target from $50 to $53.

Wells Fargo Maintains Overweight on MPLX, Raises Price Target to $53

Marathon Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) shares are trading higher after its&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41740316/marathon-petroleum-corp-reports-third-quarter-2024-results" rel="noreferrer noopener">third-quarter results</a>.
Total revenues and other income of&nbsp;$35.4 billion&nbsp;topped the consensus of&nbsp;$32.8 billion.
Adjusted EBITDA was&nbsp;$2.49 billion&nbsp;for the quarter, compared with&nbsp;$5.71 billion in prior year quarter. Refining operating costs per barrel were&nbsp;$5.30&nbsp;versus&nbsp;$5.14&nbsp;a year ago.&nbsp;
Read: <a target="_blank" href="https://www.benzinga.com/news/24/11/41725310/marathon-petroleum-q3-earnings-preview-can-strong-sales-volume-offset-rising-costs" rel="noreferrer noopener">Marathon Petroleum Q3 Earnings Preview: Can Strong Sales Volume Offset Rising Costs?</a>
Refining &amp; Marketing refined product sales volume for the quarter was 3,685 mbpd&nbsp;(vs. 3,596 mbpd a year ago); Crude oil capacity utilization was&nbsp;94% (flat year over year).&nbsp;&nbsp;
Refining&nbsp;&amp; Marketing segment adjusted EBITDA declined to&nbsp;$1.053 billion from&nbsp;$4.373 billion a year ago due to lower market crack spreads.
Adjusted EPS for the quarter was&nbsp;$1.87,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">above the consensus of&nbsp;$0.98</a>.
As of September-end, Marathon Petroleum had&nbsp;$5.1&nbsp;billion&nbsp;of&nbsp;cash, cash equivalents,&nbsp;and&nbsp;short-term investments and&nbsp;$5 billion&nbsp;available&nbsp;on&nbsp;its bank revolving credit facility.
In the&nbsp;third quarter, the company returned around&nbsp;$3.0&nbsp;billion&nbsp;to shareholders, including&nbsp;$2.7&nbsp;billion&nbsp;in share repurchases and&nbsp;$273&nbsp;million&nbsp;in dividends. Through&nbsp;October 31, the company bought back an additional&nbsp;$0.5 billion&nbsp;of shares.
Additionally, the company&#8217;s board approved an incremental&nbsp;$5 billion&nbsp;share repurchase authorization. With the addition of this new authorization, Marathon Petroleum has&nbsp;$8.5 billion&nbsp;available under its share repurchase authorizations.&nbsp;
On&nbsp;October 30, the company increased its quarterly dividend to&nbsp;$0.91&nbsp;per share. The dividend is payable&nbsp;on December 10 to shareholders of record on&nbsp;November 20.&nbsp;&nbsp;&nbsp;
Outlook: Marathon Petroleum expects&nbsp;fourth-quarter Refining operating costs per barrel of&nbsp;$5.50 and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Refinery throughputs of 2,880 mbpd</a>.&nbsp;
Marathon Petroleum owns the general partner and majority limited partner interest in&nbsp;MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>), which reported&nbsp;third-quarter earnings per limited partner unit of&nbsp;$1.01, missing the consensus of&nbsp;$1.07, and revenues&nbsp;of&nbsp;$2.97 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41740434/mplx-lp-reports-third-quarter-2024-financial-results" rel="noreferrer noopener">missing the consensus of&nbsp;$3.09 billion</a>.&nbsp;MPLX returned&nbsp;$949 million of capital to unitholders in the quarter.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>) and&nbsp;VanEck Oil Refiners ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRAK#NYSE">CRAK</a>).
Price Action: MPC shares are up 2.80% at $149.00 premarket at the last check Tuesday.
Photo via Shutterstock
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Marathon Petroleum Q3 Earnings: Outpaces Expectations, Powers Up Shareholder Rewards & More

WIIM

MPLX shares are trading higher. The company reported Q3 financial results.

MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) reported quarterly earnings of $1.01 per share which missed the analyst consensus estimate of $1.07 by 5.61 percent. The company reported quarterly sales of $2.972 billion which missed the analyst consensus estimate of $3.092 billion by 3.87 percent. This is a 2.06 percent increase over sales of $2.912 billion the same period last year.

Earnings Misses

MPLX Q3 2024 GAAP EPS $1.01 Misses $1.07 Estimate, Sales $2.972B Miss $3.092B Estimate

The board of directors of the general partner of MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) has declared a quarterly cash distribution of $0.9565 per common unit for the third quarter of 2024, or $3.826 on an annualized basis.

MPLX LP Increases Quarterly Distribution From $0.85 To $0.9565

B of A Securities analyst Jean Ann Salisbury reinstates MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Underperform and announces $43 price target.

Initiation

B of A Securities Reinstates Underperform on MPLX, Announces $43 Price Target

RBC Capital analyst Elvira Scotto maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Outperform and raises the price target from $47 to $50.

RBC Capital Maintains Outperform on MPLX, Raises Price Target to $50

In the latest quarter, 5 analysts provided ratings for MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>), showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $48.4, along with a high estimate of $51.00 and a low estimate of $45.00. Marking an increase of 3.42%, the current average surpasses the previous average price target of $46.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1728586853_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of MPLX by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Brian Reynolds</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$51.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$47.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$47.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MPLX. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MPLX compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of MPLX's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of MPLX's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MPLX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MPLX analyst ratings.</a>
<h2>Get to Know MPLX Better</h2>
MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in 2019.
<h3>MPLX's Economic Impact: An Analysis</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining MPLX's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 7.53% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: MPLX's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 43.63% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.65%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): MPLX's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.13% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: MPLX's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.67.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 5 Ratings For MPLX

Barclays analyst Theresa Chen maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Overweight and raises the price target from $45 to $49.

Barclays Maintains Overweight on MPLX, Raises Price Target to $49

MPLX's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) short percent of float has risen 4.05% since its last report. The company recently reported that it has 9.55 million shares sold short, which is 2.57% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.18 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>MPLX Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727799312_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MPLX has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing MPLX's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, MPLX's peer group average for short interest as a percentage of float is 3.15%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into MPLX's Recent Short Interest

UBS analyst Brian Reynolds maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Buy and raises the price target from $49 to $51.

UBS Maintains Buy on MPLX, Raises Price Target to $51

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $46.75, a high estimate of $50.00, and a low estimate of $45.00. This current average reflects an increase of 2.19% from the previous average price target of $45.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1726509660_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive MPLX is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$47.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$43.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to MPLX. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of MPLX compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of MPLX's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of MPLX's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MPLX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MPLX analyst ratings.</a>
<h2>Discovering MPLX: A Closer Look</h2>
MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in 2019.
<h3>MPLX: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: MPLX's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 7.53%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: MPLX's net margin is impressive, surpassing industry averages. With a net margin of 43.63%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): MPLX's ROE excels beyond industry benchmarks, reaching 8.65%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): MPLX's ROA excels beyond industry benchmarks, reaching 3.13%. This signifies efficient management of assets and strong financial health.
Debt Management: MPLX's debt-to-equity ratio is below the industry average. With a ratio of 1.67, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing MPLX: Insights From 4 Financial Analysts

12%-Yielding Monthly Dividends From Blue Chip Midstreams: Is SRV A Buy?

Miller-Howard MLP & Midstream Energy Income Q3 2024 Commentary

MPLX Continues To Be A Worthwhile Investment

With rising global demand, investing in the energy market offers high dividends and strong growth. Strategic cost management, digital innovation, and favorable policies support long-term profitability, making high-yield energy stocks like Enterprise Products Partners (EPD), Energy Transfer (ET), and MPLX (MPLX), which offer dividend yields above 5%, smart portfolio additions now. Keep reading... The energy sector has skilfully navigated geopolitical tensions and macroeconomic uncertainties, positioning itself for sustainable growth. Strategic cost reductions and disciplined capital management are driving resilience, while potential interest rate cuts and favorable energy policies in 2025 create a supportive outlook.
Therefore, income investors may find high-yield energy stocks like Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>), Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), and MPLX LP (<a href="https://stocknews.com/stock/MPLX/">MPLX</a>), offering dividend yields above 5%, particularly appealing.
The energy sector stands out with its high dividends, robust buybacks, soaring profit margins, and captivating investors. Over four years, capital expenditures <a href="https://www2.deloitte.com/us/en/insights/industry/oil-and-gas/oil-and-gas-industry-outlook.html">surged 53%</a>, fueling growth, while $213 billion in dividends and $136 billion in buybacks cemented its appeal. Projects like the Matterhorn Express Pipeline enhance natural gas transport, boosting reliability.
Innovations in digitalization, infrastructure efficiency, and cost management sharpen profitability. M&amp;A activities stabilize production and unlock long-term potential. Moreover, with global oil demand projected to rise by 1.0 million b/d in 2024 and 1.2 million b/d in 2025, and Henry Hub natural gas prices forecasted to hit <a href="https://www.eia.gov/outlooks/steo/">$2.80/MMBtu by early 2025</a> due to winter demand, the prospects look bright.
This increasing LNG demand, particularly from growing data center energy needs, propels this industry into a new era of opportunity. Considering these conducive trends, let's analyze the fundamental aspects of the three energy picks.
Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines &amp; Services, Crude Oil Pipelines &amp; Services, Natural Gas Pipelines &amp; Services, and Petrochemical &amp; Refined Products Services.
On October 28, 2024, EPD completed its acquisition of Piñon Midstream for $950 million in cash, expanding its operations in the Delaware Basin.
On October 2, 2024, EPD declared a quarterly cash distribution of $0.53 per unit for Q3 2024, marking a 5% increase from Q3 2023. Additionally, the company repurchased $76 million of its common units in Q3 2024, bringing total buybacks to $252 million for the year.
In terms of the trailing-12-month Return on Common Equity, EPD's 20.87% is 69.1% higher than the 12.34% industry average. Likewise, its 7.79% trailing-12-month Return on Total Assets is 53.2% higher than the 5.09% industry average. Furthermore, the stock's 0.78x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 65.4% higher than the 0.47x industry average.
EPD pays an annual dividend of $2.10, which translates to a yield of 6.40% at the current share price. Its four-year average dividend yield is 7.46%. In addition, the company's dividend payouts have increased at a CAGR of 4.9% over the past three years. EPD has paid dividends for the past 26 years.
During the third quarter, which ended on September 30, EPD's total revenues increased 14.8% year-over-year to $13.78 billion. The company's operating income stood at $1.78 billion, up 5% year-over-year. Its net income attributable to common unitholders and earnings per common unit amounted to $1.42 billion and $0.65, representing increases of 7.5% and 8.3% year-over-year, respectively.
Street expects EPD's EPS for the quarter ending March 31, 2025, to increase 5.9% year-over-year to $0.71. Its revenue for the same quarter is expected to grow marginally year-over-year to $14.85 billion. It surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 23.3% to close the last trading session at $32.46.
EPD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
EPD is ranked #5 out of 22 stocks in the B-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs - Oil &amp; Gas</a> industry. It has an A grade for Momentum and a B for Value and Stability. <a href="https://stocknews.com/stock/EPD/">Click here</a> to access additional ratings for EPD's Growth, Sentiment, and Quality.
Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET provides energy-related services. It owns and operates approximately 11,600 miles of natural gas transportation pipeline, three natural gas storage facilities, and two natural gas storage facilities in Texas and Oklahoma. Additionally, it manages 19,945 miles of interstate natural gas pipeline.
On December 6, 2024, ET announced a positive final investment decision for the Hugh Brinson Pipeline, connecting the Permian Basin to key markets. The pipeline, expected to be completed in two phases, will provide additional natural gas transportation capacity and is backed by long-term commitments, with an estimated cost of $2.7 billion.
On October 28, 2024, ET announced a 3.2% increase in its quarterly cash distribution to $0.32 per common unit for Q3 2024. The distribution will be paid on November 19, 2024, to unitholders of record as of November 8, 2024.
ET's 15.72% trailing-12-month Return on Common Equity is 27.4% higher than the 12.34% industry average. Similarly, the stock's 0.72x trailing-12-month asset turnover ratio is 52.5% higher than the 0.47x industry average.
ET pays an annual dividend of $1.29, which translates to a yield of 6.85% at the current share price. Its four-year average dividend yield is 8.06%. Its dividend payouts have increased at a CAGR of 27.9% over the past three years. ET has paid dividends for the past 18 years.
ET's revenues for the third quarter that ended September 30, 2024, rose marginally year-over-year to $20.77 billion, and its operating income was $2.18 billion.  For the same quarter, ET's net income came in at $1.43 billion, up 37% from the prior year's quarter. In addition, the company's net income per common unit increased 113.3% year-over-year to $0.32.
For the quarter ending December 31, 2024, ET's EPS and revenue are expected to increase 6.5% and 6.1% year-over-year to $0.39 and $21.79 billion, respectively. Over the past year, the stock has gained 41.7% to close the last trading session at $18.84.
ET's POWR Ratings reflect its robust fundamentals. It has an overall rating of B, equating to a Buy in our proprietary rating system.
ET has an A grade for Momentum and a B grade for Value, Stability, and Sentiment. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry, it is ranked #4 out of 77 stocks. To see ET's rating for Growth and Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
MPLX LP (<a href="https://stocknews.com/stock/MPLX/">MPLX</a>)
MPLX primarily owns and operates midstream energy infrastructure and logistics assets. It operates in two segments: Logistics and Storage, and Gathering and Processing.
On October 29, 2024, MPLX announced a 12.5% increase in its quarterly cash distribution to $0.96 per common unit for Q3 2024. The distribution will be paid on November 15, 2024, to unitholders of record as of November 8, 2024.
In terms of the trailing-12-month EBIT margin, MPLX's 40.99% is 109.5% higher than the 19.57% industry average. Likewise, its 52.45% trailing-12-month EBITDA margin is 53.4% higher than the 34.20% industry average. Also, the stock's 23.20% trailing-12-month levered FCF margin is 229.8% higher than the 7.03% industry average.
MPLX has paid dividends for 11 consecutive years. Its annual dividend is $3.83, which translates to a yield of 7.93% at the current share price. Its four-year average dividend yield is 9.41%. Moreover, the company's dividend payouts have increased at a CAGR of 8.2% over the past three years.
In the third quarter that ended September 30, 2024, MPLX's total revenues and other income increased 2.1% year-over-year to $2.97 billion. The company's income from operations grew 10.5% over the prior-year quarter to $1.28 billion. Also, net income attributable to MPLX was $1.04 billion and $1.01 per limited partner unit, up 13% and 13.5% year-over-year, respectively.
Analysts expect MPLX's EPS for the quarter ending December 31, 2024, to increase 6.6% year-over-year to $1.03. Its revenue for the same quarter is expected to grow 3.8% year-over-year to $3.08 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, MPLX's stock has gained 33.8% to close the last trading session at $48.26.
MPLX's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Momentum and Stability and a B for Quality. It is ranked #4 in the MLPs – Oil &amp; Gas industry. <a href="https://stocknews.com/stock/MPLX/">Click here</a> to see MPLX's ratings for Growth, Value, and Sentiment.
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<hr />
EPD shares were trading at $32.28 per share on Tuesday afternoon, down $0.18 (-0.55%). Year-to-date, EPD has gained 31.76%, versus a 28.28% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/epd-et-mplx-3-high-yield-energy-stocks-for-income-investors/>3 High-Yield Energy Stocks for Income Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Yield Energy Stocks for Income Investors

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