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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 $41.56, up 0.61% from the previous day, and has increased 21.48% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0 percentage points. Mplx stock is currently +25.48% from its 52-week low of $33.12, and -0.24% from its 52-week high of $41.66.

There are currently 1.01B shares of MPLX outstanding. The market capitalization of MPLX is $42.01B. In the past 24 hours, 1.84M MPLX shares were traded.

How to Buy Mplx Stock

Not sure how to invest in Mplx stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Choose your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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 Price
$41.56
1w %
2.19%
1y %
21.48%
5y %
25.11%
P/E
10.94x
P/B
3.37x
P/S
3.69x
PEG
N/A
Revenue
$11.28B
Earnings
$3.83B
Fore. Rev. Growth
3.16%
Fore. Earn. Growth
-12.34%
Market Cap
$42.01B
Next Earnings
Apr 30, 2024
Next Dividend
N/A

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 10.94x, relative to Oil & Gas Midstream industry P/E ratio of 14.14x
  • MPLX could be overvalued based on its P/B ratio of 3.37x, relative to Oil & Gas Midstream industry P/B ratio of 2.35x

You can do additional valuation analysis on MPLX's stock here.

A quick look at MPLX Financials

Pros:

  • MPLX earnings of $4.84B is not enough to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the MPLX balance sheet.
  • MPLX's operating cash flow of $5.40B allows it to safely service it's debt of $20.69B.
  • MPLX profit margin has gone up from 32.9% to 33.9% in the past year.

Cons:

  • MPLX has a relatively high debt to equity ratio of 1.84.
  • There are more long-term liabilities than short-term assets on the MPLX balance sheet.
  • Total MPLX debt is higher than 5 years ago, relative to shareholder equity.

Is it a good time to buy MPLX stock, according to analysts?

Out of 4 Equities analysts who give recommendations on MPLX, the consensus analyst rating on MPLX is a Strong Buy

Please note that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are forecasting on the Mplx stock forecast page.

MPLX Trading Indicators

SMA10
40.7
SMA20
40.48
SMA50
39.15
SMA100
37.7
SMA200
36.33
MACD
0.57
MACD Signal
0.55
MACD Histogram
0.02
RSI
72.87
Stochastic %K
92.88
Stochastic %D
83.19
StochRSI %K
87.64
StochRSI %D
67.27

How is MPLX performing as a company?

Last year, MPLX earnings were $3.83B. During the past five year, MPLX's earnings have increased by 10.66% per year. This was slower than the Oil & Gas Midstream industry average of 21.15%.

Last year, MPLX revenue was $11.28B. In the past 5 year, MPLX's revenue has increased by 10% per year. This was faster than the Oil & Gas Midstream industry average of 7.43%.

Learn more about MPLX's earnings and revenue performance here.

Are MPLX insiders buying or selling the stock?

In the past year, executives and large shareholders 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.

Dig into more about who owns MPLX shares here.

Does MPLX provide a stable income stream?

Mplx pays a dividend of 7.82%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.9%. If you owned $1,000 worth of MPLX stock, you would have been paid $78.20 in the past year.

Mplx dividend payments have consistently grown over the past decade but have not remained stable.

Get more info about Mplx dividend yield and history here.

What others are saying about MPLX

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Place your MPLX trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.

Hit the Open button and eToro will execute the order.

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Step 6: Get notifications regarding your MPLX investment

Now that you own some shares in MPLX, you'll want to keep up with your new stock purchase.

Make a watchlist to track the most important metrics related to your MPLX stock.

MPLX Feed

How to Buy Stock in Mplx

To summarize, here are the 6 steps to buy stock in Mplx:

  1. Decide where to buy Mplx stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Analyze Mplx stock
  5. Place your MPLX trade
  6. Get notifications regarding your MPLX investment

If you need a brokerage account, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to monitor your investment in Mplx, add MPLX to your watchlist by clicking the button below.

NYSE: MPLX
$41.56+0.25 (+0.61%)
Updated Mar 28, 2024
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NYSE: MPLX
$41.56+0.25 (+0.61%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Mplx share?

As of Mar 28, 2024, it costs $41.56 to buy one share of Mplx stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.241 shares of MPLX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Mplx stock?

According to 4 Wall Street analysts who monitor Mplx, their consensus recommendation is to buy Mplx stock.

What is the best way to buy Mplx stock?

One way to place an order for Mplx stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.