How to Buy Mplx Stock
Mplx LP
Mplx is a oil & gas midstream company located in Ohio, United States, which is part of the Energy sector, and is traded under the ticker MPLX on the NYSE exchange.
Mplx stock last closed at $42.62, down 0.79% from the previous day, and has increased 23.29% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.04 percentage points. Mplx stock is currently +23.46% from its 52-week low of $34.52, and -1.84% from its 52-week high of $43.42.
There are currently 1.02B shares of MPLX outstanding. The market capitalization of MPLX is $43.50B. In the past 24 hours, 1.77M MPLX shares were traded.
How to Buy Mplx Stock
Not sure how to invest in Mplx stock? Here's how.
- Decide where to buy Mplx stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Mplx stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Analyze Mplx stock: The Mplx ticker symbol is MPLX. Is Mplx stock a good investment? Should you buy shares of MPLX? How do MPLX's underlying business fundamentals look? Do top analysts think Mplx is a good buy? Why has MPLX's stock price moved recently? (Hint: Our stock market research website can help you decide if MPLX is a good stock to buy).
- Place your MPLX trade: Decide if you will purchase MPLX shares at the current market price or use a limit order to purchase MPLX stock at a given price.
- Get notifications regarding your MPLX investment: Create a watchlist to monitor your new investment in Mplx shares.
Step 1: Decide where to buy Mplx stock
You will need a brokerage account in order to access the NYSE market and buy MPLX stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal information so you are able to invest in MPLX stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've filled out your info on one of the best stock trading apps, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring money into your new investment account.
Step 4: Analyze Mplx stock
Once you have identified the best place to buy Mplx stock, it's important to analyze their stock prior to investing, so you can wrap your head around the risk as well as the upside.
Mplx stock quick numbers
MPLX Fundamentals
WallStreetZen was designed to help average investors do better fundamental analysis in less time.
You can see all of the due diligence checks on MPLX's stock page.
Is MPLX stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge MPLX's intrinsic value.
Using relative valuations metrics:
- MPLX could be undervalued based on its P/E ratio of 10.34x, relative to Oil & Gas Midstream industry P/E ratio of 15.92x
- MPLX could be overvalued based on its P/B ratio of 3.23x, relative to Oil & Gas Midstream industry P/B ratio of 2.55x
- MPLX may be overvalued based on its PEG ratio of 2.58x
You can access additional valuation analysis on MPLX's stock here.
MPLX Financial Summary
Pros:
- MPLX earnings of $4.69B is not enough to cover its interest payments.
- Total MPLX debt is lower than 5 years ago, relative to shareholder equity.
- MPLX profit margin has gone up from 34.9% to 35.4% in the past year.
- MPLX's operating cash flow of $5.59B allows it to safely service it's debt of $22.35B.
Cons:
- There are more long-term liabilities than short-term assets on the MPLX balance sheet.
- MPLX has a relatively high debt to equity ratio of 1.82.
- There are more short-term liabilities than short-term assets on the MPLX balance sheet.
Is MPLX stock a Buy, Hold, or Sell, according to analysts?
Out of 7 Equities analysts who monitor MPLX, the consensus analyst rating on MPLX is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest MPLX Analyst Upgrades/Downgrades
Selman Akyol, a top 20% analyst from Stifel Nicolaus maintains MPLX with a strong buy rating and raises their MPLX price target from $45.00 to $47.00, on May 1, 2024.
Brian Reynolds, a top 23% analyst from UBS maintains MPLX with a strong buy rating and raises their MPLX price target from $46.00 to $49.00, on Apr 12, 2024.
You can dig deeper into what analysts are saying on the Mplx stock forecast page.
MPLX Technical Indicators
MPLX Growth Numbers
Last year, MPLX earnings were $4.17B. During the past 5 year, MPLX's earnings have grown by 12.27% per year. This was slower than the Oil & Gas Midstream industry average of 29.43%.
Last year, MPLX revenue was $11.78B. During the past 5 year, MPLX's revenue has increased by 6.86% per year. This was slower than the Oil & Gas Midstream industry average of 7.39%.
Dig into MPLX's earnings and revenue performance here.
Latest Insiders Trades at MPLX
Over the last year, insiders at MPLX have sold more shares than they have bought.
Molly R. Benson, Chief Legal Ofc Corp Sec of MPLX, was the latest MPLX insider to sell. They sold $23,827.31 worth of MPLX shares on Mar 1, 2024.
Research more about who owns MPLX stock here.
Does MPLX provide a stable income stream?
Mplx pays a dividend of 7.98%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.21%. If you owned $1,000 of MPLX stock, you would have received $79.77 in the past year.
Mplx dividend payments have consistently grown over the past decade but have not remained stable.
Get more data about Mplx dividend yield and history here.
What others are saying about MPLX
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your MPLX trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and your broker will place your order.
If you want more info about buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your MPLX investment
Now that you own some shares in MPLX, you'll want to stay up-to-date on your shares.
Put MPLX on a watchlist to track your MPLX stock.
MPLX Feed
How to Buy Stock in Mplx
To reiterate, here are the 6 steps for buying Mplx stock:
- Decide where to buy Mplx stock
- Create a brokerage account
- Put funds into your brokerage account
- Analyze Mplx stock
- Place your MPLX trade
- Get notifications regarding your MPLX investment
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Mplx, create a watchlist on WallStreetZen today.
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