MPLX LPs in-depth stock price analysis indicates that the stock price has rallied 17.11% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 15.33% . Looking at the past 52 week period, the stock price is up at 110.93% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of MPLX LP has a positive value of 16.61 compared to overall market. MPLX LP (NYSE:MPLX) has climbed 1.63% in the past week and advanced 8% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.81% and the outperformance has advanced to 6.07% for the last 4 weeks period.
MPLX LP (NYSE:MPLX) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.14 points or 0.36% at $38.6 with 1,127,152 shares getting traded. Post opening the session at $39.05, the shares hit an intraday low of $38.59 and an intraday high of $39.22 and the price was in this range throughout the day. The company has a market cap of $13,934 million and the number of outstanding shares has been calculated to be 360,990,880 shares. The 52-week high of MPLX LP (NYSE:MPLX) is $39.22 and the 52-week low is $16.34.
MPLX LP Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.22. The company had revenue of $714.00 million for the quarter, compared to analysts expectations of $711.44 million. The companys revenue was up 114.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Feb 2, 2017 to Mkt Perform, Raises Price Target to $ 38 from a previous price target of $35 .MPLX LP was Upgraded by Wells Fargo to Outperform on Jan 10, 2017. MPLX LP was Upgraded by Mizuho on Jan 4, 2017 to Buy, Price Target of the shares are set at $42.
Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Gregory Scott Floerke (Exec VP and COO) sold 1,000 shares at 37.00 per share price.On Jan 19, 2017, Randy S Nickerson (Exec VP and CCO) sold 15,000 shares at 36.08 per share price.On Jan 5, 2017, C Corwin Bromley (Exec. VP and Gen Counsel) sold 2,500 shares at 36.00 per share price.
MPLX LP is a fee-based limited partnership formed to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets. The Companys assets consist of a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. MPLX LP is based in Findlay, Ohio.