In a report released yesterday, Neal Dingmann from Truist Financial maintained a Buy rating on MPLX (MPLX – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $38.85.
Dingmann covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Vital Energy, and Murphy Oil. According to TipRanks, Dingmann has an average return of 12.6% and a 59.30% success rate on recommended stocks.
Currently, the analyst consensus on MPLX is a Strong Buy with an average price target of $42.50, a 9.40% upside from current levels. In a report released yesterday, Goldman Sachs also reiterated a Buy rating on the stock with a $42.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $38.75 and a one-year low of $30.84. Currently, MPLX has an average volume of 1.85M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MPLX (MPLX) Company Description:
MPLX LP is a diversified, large-cap master limited partnership which owns and operates midstream energy infrastructure and logistics assets in the United States. The company provides a wide range of midstream energy services, including the storage, processing, and transportation of crude oil, refined petroleum products, natural gas, and other hydrocarbon-based products.
Read More on MPLX:
