MPLX LP (MPLX) : During the past 4 weeks, traders have been relatively bearish on MPLX LP (MPLX), hence the stock is down -1.71% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.4% relative to the S&P 500. The 4-week change in the price of the stock is -3.7% and the stock has fallen -1.88% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.87% and the 50-Day Moving Average is 1.9%.The 200 Day SMA reached 6.99% MPLX LP is up 1.15% in the last 3-month period. Year-to-Date the stock performance stands at -13.82%.
MPLX LP (MPLX) : The consensus price target for MPLX LP (MPLX) is $37.7 for the short term with a standard deviation of $3.68. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $34.
For the current week, the company shares have a recommendation consensus of Buy. MPLX LP (NYSE:MPLX): The stock opened at $31.6 and touched an intraday high of $32.36 on Friday. During the day, the stock corrected to an intraday low of $31.6, however, the bulls stepped in and pushed the price higher to close in the green at $32.31 with a gain of 1.19% for the day. The total traded volume for the day was 1,059,853. The stock had closed at $32.31 in the previous trading session.
MPLX LP is a fee-based master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. The Companys assets include interest in a network of common carrier crude oil and product pipeline systems and storage assets in the Midwest and Gulf Coast regions of the United States. It has interest in a butane cavern in Neal, West Virginia with one million barrels of natural gas liquids storage capacity. It charges tariff for transporting crude oil, refined products and other hydrocarbon-based products through its pipelines and at its barge dock, and fees for storing crude oil and products at its storage facilities. It also operates additional crude oil and product pipelines owned by MPC and third parties for which the Company is paid operating fees. It also has interest in Pipe Line Holdings.