Analyst Rating Update on MPLX LP (MPLX)

MPLX LP (NYSE:MPLX) : The consensus on MPLX LP (NYSE:MPLX) based on 11 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

MPLX LP (NYSE:MPLX) : The highest level MPLX LP (NYSE:MPLX) is projected to reach is $46 for the short term and the lowest estimate is at $34. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $38.75 and the possibility the share price can swing is $4.62.

For the current week, the company shares have a recommendation consensus of Buy.

MPLX LP (NYSE:MPLX): stock turned positive on Tuesday. Though the stock opened at $32.42, the bulls momentum made the stock top out at $32.85 level for the day. The stock recorded a low of $31.22 and closed the trading day at $32.62, in the green by 3.82%. The total traded volume for the day was 844,013. The stock had closed at $31.42 in the previous days trading.

In an insider trading activity,The officer (Exec VP and CFO) of Mplx Lp, Buese Nancy sold 5,000 shares at $34 on May 23, 2016. The Insider selling transaction had a total value worth of $170,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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