MPLX LP (NYSE:MPLX) has climbed 2.01% in the past week and advanced 6.06% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.2% and the outperformance has advanced to 2.33% for the last 4 weeks period. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 3.67% and the 50-Day Moving Average is 10.77%.
The company shares have dropped 63.61% in the past 52 Weeks. On April 29, 2015 The shares registered one year high of $80 and one year low was seen on February 12, 2016 at $16.34. The 50-day moving average is $25.23 and the 200 day moving average is recorded at $33.46. S&P 500 has rallied 0.62% during the last 52-weeks.
MPLX LP (NYSE:MPLX) stock ended Friday session in the red zone in a volatile trading. The stock closed down 1.32 points or 4.45% at $28.37 with 1,128,056 shares getting traded. Post opening the session at $28.45, the shares hit an intraday low of $27.8 and an intraday high of $28.98 and the price was in this range throughout the day. The company has a market cap of $8,644 million and the number of outstanding shares have been calculated to be 304,679,010 shares. The 52-week high of MPLX LP (NYSE:MPLX) is $80 and the 52-week low is $16.34.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Deutsche Bank maintains its rating on MPLX LP (NYSE:MPLX).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $27 per share to $34 per share. The rating by the firm was issued on March 15, 2016.
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.