A statement released earlier today by Mizuho Securities about MPLX LP (NYSE:MPLX) bumps the target price to $35.00
- Updated: September 29, 2016
Mizuho Securities bumped up the target of MPLX LP (NYSE:MPLX) to $35.00 stating a potential upside of 0.07%.
Boasting a price of $32.80, MPLX LP (NYSE:MPLX) traded -0.79% lower on the day. With the last stock price close up 2.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. MPLX LP has recorded a 50-day average of $33.02 and a two hundred day average of $31.96. Volume of trade was down over the average, with 517,779 shares of MPLX changing hands under the typical 1,033,820
With a total market value of $0, MPLX LP has with a one year low of $16.34 and a one year high of $45.63 .
A total of 14 equity analysts have released a ratings update on MPLX. Two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $37.86.
Brief Synopsis About MPLX LP (NYSE:MPLX)
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. The Company's segments are Logistics and Storage (L&S) and Gathering and Processing (G&P). Its assets include infrastructure to support Marathon Petroleum Corporation (MPC), including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Company owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities with approximately 4,530 thousand barrels (mbbls) of available storage capacity.
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