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MPLX LP (NYSE:MPLX) target price raised to $35.00, issued a report today by Mizuho

Just yesterday MPLX LP (NYSE:MPLX) traded -0.79% lower at $32.80. MPLX LP’s 50-day moving average is $33.02 and its 200-day moving average is $31.96. The last stock price is up 2.62% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 517,779 shares of MPLX traded hands, down from an average trading volume of 1,033,820

Mizuho raised the price target of MPLX LP (NYSE:MPLX) to $35.00 indicating a possible upside of 0.07%.

Recent Performance Chart

MPLX LP (NYSE:MPLX)

MPLX LP has 52 week low of $16.34 and a 52 week high of $45.63 and has a market capitalization of $0.

In addition to Mizuho reporting its stock price target, a total of 14 firms have reported on the stock. The consensus target price is $37.86 with 2 firms rating the stock a strong buy, 6 analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

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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