MPLX LP $ 17.35 -0.07 (-0.4%)
MPLX News and Headlines - MPLX LP
MPLX LP (MPLX) controls natural gas gathering and processing assets in low-cost United States natural gas basins such as the Marcellus, the Permian and Utica. It also runs storage facilities and pipelines that run into Marathon Petroleum's (MPC) refinery complex. Marathon Petroleum is its majority shareholder with a 64% stake.
I'm a shareholder of MPLX, and I think it is currently an amazing opportunity for the folloiwing reasons:
1) It may potentially convert to a C-corp in the future.
2) Marathon Petroleum will potentially decrease its stake, allowing more publci ownership.
According to the GuruFocus All-in-One Screener as of Thursday, the following companies have high dividend yields but performed poorly over the past 12 months.
MPLX LP's (MPLX) dividend yield is 9.36% with a payout ratio of 1.12. Over the last 52 weeks, the stock has fallen 21.03%. Shares are trading with a price-book ratio of 2.87 and a price-earnings ratio of 12.15.
The midstream oil and gas company has a market cap of $29.51 billion and a profitability and growth rating of 8 out of 10. The return on equity of 23.94% and return
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Equitrans Midstream CEO bought 100,000 shares
Equitrans Midstream Corp. (ETRN) Chairman and CEO Thomas F. Karam bought 100,000 shares on Aug. 2 at a price of $16.39. The price of the stock has decreased by 11.1% since.
Equitrans Midstream owns, operates, acquires and develops midstream assets in the Appalachian Basin. The company manages natural gas transmission, storage and gathering systems, as well as high-and low-pressure gathering lines. The company has a market cap of $3.71 billion. Its shares traded at $14.57 with a price-earnings ratio
Three stocks were thrashing the S&P 500 index in terms of higher dividend yield on Monday.
The S&P 500 index’s yield was 1.85% as of Friday.
The first company is MPLX LP (MPLX), whose shares closed at $30.2 on Friday with a market capitalization of $23.99 billion. The stock has a forward dividend yield of 8.84% versus the industry median of 6.99%.
The Findlay, Ohio-based oil and gas midstream operator has paid quarterly dividends since Feb. 14, 2013.
On Aug. 14, MPLX will pay 66.8 cents per common share to shareholders of record as of Aug. 5, which is in
“In 1949 my dad told me ‘you better get a plan,’” Pickens later recalled. “He said ‘a fool with a plan can beat a genius with no plan. Your mother and I think we have a fool with no plan.’” (Investopedia)
Pickens is best known for being a pioneer for shareholder value and natural gas, but he has also been a hedge fund
With broad markets trading at premium valuations, my focus is on stocks or MLPs that have not shown significant upside year to date, but have a bright long-term outlook. Further, I am also focusing on stocks that are attractive from a dividend perspective even if the stock moves sideways in the foreseeable future.
One MLP that is likely to show strong cash distribution growth in the next two to three years and has been sideways so far this year is Antero Midstream Partners LP (AM). The stock currently trades at $31.5 and is just 1.9% higher year to
Antero Midstream Partners (AM) has seen a sustained rally in the last year with the partnership unit trending higher by 52%. From recent highs of $35.5, the partnership unit has corrected marginally to current levels of $33.4.
Antero announced an increase in quarterly distribution on April 10. This sets the likely trend for fiscal year 2017 and can potentially translate into stock upside in the foreseeable future.
The Distribution Increase
Antero announced the partnership unit will increase first quarter cash distribution to 30 cents per share ($1.2 annualized cash distribution). The distribution represents a 28% increase compared to the prior-year
Timothy Griffith (Insider Trades), vice president and CFO of MPLX LP (MPLX), bought 1,000 shares of the company on Aug. 28. The average price per share was $50.26, for a total transaction of $50,260. MPLX LP is a United States master limited partnership formed by Marathon Petroleum Corporation in 2012. The company owns, operates, develops and acquires pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. MPLX’s market cap is 3.97 billion, and P/S ratio is 7.14.
There were no insider sells of the company since its
Stillwater Capital Advisors that has limited exposure to the energy sector continues to hold Marathon Petroleum (MPC) according to the latest disclosures. The number of shares has doubled to 235,924 due to the recently announced 2:1 split by the company. While investors can track Stillwater’s latest portfolio changes in Guru Focus Real Time Stock Picks, this article discusses the factors that make Marathon Petroleum worth considering with an investment horizon of 3-5 years. It is important to mention at the onset that Marathon Petroleum stock has surged by 20.7% for YTD15, and I believe that the
|2020-07-03 $ 17.57 (%)|
|2020-06-26 $ 17.31 (-4.31%)|
|2020-06-16 $ 19.1 (0.9%)|
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|2020-06-13 $ 17.91 (1.82%)|
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|2020-06-04 $ 20.15 (2.13%)|
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|2020-05-19 $ 19.36 (1.15%)|
|2020-05-15 $ 18.15 (3.07%)|
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|2020-05-07 $ 16.58 (-3.27%)|
Why Units of MPLX Rocketed 55% in April - www.fool.com
|2020-05-06 $ 17.14 (0.76%)|
|2020-05-05 $ 17.01 (-2.58%)|
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|2020-05-01 $ 17.43 (-3.7%)|
|2020-04-28 $ 17.46 (4.24%)|
|2020-04-22 $ 15.21 (0.4%)|
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|2020-04-06 $ 11.9 (1.1%)|
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|2020-01-06 $ 26.61 (3.1%)|
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|2019-12-04 $ 23.34 (-0.68%)|
|2019-12-02 $ 23.5 (-0.63%)|
|2019-11-16 $ 23.65 (0.98%)|
|2019-11-15 $ 23.42 (-0.55%)|
|2019-11-14 $ 23.42 (-0.55%)|
|2019-11-06 $ 25.25 (-3%)|
|2019-11-05 $ 26.03 (-1.4%)|
|2019-10-29 $ 26.19 (-0.27%)|
|2019-10-28 $ 26.26 (-1.87%)|
|2019-10-15 $ 27.15 (0.74%)|
|2019-10-11 $ 26.98 (0.67%)|
|2019-10-04 $ 27.74 (-0.18%)|
|2019-10-03 $ 27.79 (-0.43%)|
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|2019-07-29 $ 28.51 (-5.6%)|
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|2019-05-09 $ 31.04 (-3.57%)|
|2018-04-20 $ 33.86 (-0.09%)|
|2015-09-01 $ 47.35 (-4.57%)|
MPLX LP Insider Buys 1,000 Shares of Company Stock - GuruFocus.com
|2013-02-20 $ 35.01 (-3.61%)|
Baron Funds Comments on MPLX LP - GuruFocus.com
|2013-02-06 $ 34.27 (-1.78%)|
Baron Funds Comments on MPLX LP - GuruFocus.com