31.88 +0.01 (0.03%)
After hours: 4:46PM EDT
|Bid||31.88 x 2200|
|Ask||31.97 x 800|
|Day's Range||31.80 - 32.28|
|52 Week Range||28.32 - 39.01|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||13.90|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||2.63 (8.15%)|
|1y Target Est||38.75|
FINDLAY, Ohio , July 1, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Thursday, ...
The sale that will complete the union of defunct San Antonio company Andeavor and Ohio-based Marathon Petroleum Corp. is expected to close July 30 with little to no opposition. Marathon [NYSE: MPC] already has the votes it needs to complete the sale between its pipeline and terminal company, MPLX LP (NYSE: MPLX), and Andeavor Logistics LP [NYSE: ANDX], the companies said in a statement last week.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
FINDLAY, Ohio, June 28, 2019 /PRNewswire/ -- MPLX LP (MPLX) and Andeavor Logistics LP (ANDX) today announced that the Board of Directors of the general partner of ANDX has set June 28, 2019 as the record date for determining holders of ANDX common units entitled to execute and deliver written consents with respect to the proposed acquisition. ANDX's general partner and a subsidiary of Marathon Petroleum Corporation (MPC), which together own approximately 64% of ANDX's common units, have delivered written consents adopting and approving in all respects the Agreement and Plan of Merger, dated as of May 7, 2019 (the "Merger Agreement") and the transactions contemplated thereby. The delivery of these consents is sufficient to adopt the Merger Agreement and approve the acquisition of ANDX by MPLX, without the receipt of written consent from any other holder of ANDX units.
The project is the latest in a string of tax incentive application for new fractionators worth hundreds of millions of dollars.
To capitalize on the pipeline bottleneck in the Permian, MPLX has various pipeline projects underway, which are likely to poise the firm well for strong distributable cash flows in the future.
FINDLAY, Ohio, June 5, 2019 /PRNewswire/ -- MPLX LP (MPLX), WhiteWater Midstream (WhiteWater) backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners (Stonepeak) and West Texas Gas, Inc. (WTG) have reached a final investment decision to move forward with the design and construction of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers. The majority of available capacity on the planned pipeline has been subscribed and committed by long-term transportation agreements.
MPLX LP said on Wednesday that the issue that forced the shutdown of its 360,000 barrels per day (bpd) Ozark crude pipeline from Cushing Oklahoma to Wood River, Illinois has been resolved, traders told Reuters, citing a shipper notice. U.S. cash crude markets at Cushing, the delivery point for U.S. crude futures had weakened significantly on Tuesday after the outage.
WILMINGTON, Del., May 10, 2019 -- Rigrodsky & Long, P.A.: Do you own units of Andeavor Logistics LP (NYSE: ANDX)? Did you purchase any of your units prior to May 8,.
MPLX's first-quarter earnings are supported by contribution from dropdown transactions related to the Logistics and Supply segment's pipelines and refining logistics assets.
The parent company of Dayton's largest company, Speedway LLC, has finalized its merger of two additional companies.
Moody's Investors Service ("Moody's") upgraded MPLX LP's (MPLX) senior unsecured debt rating to Baa2 from Baa3. At the same time, Moody's upgraded the ratings of Andeavor Logistics LP (ANDX) including its senior unsecured debt to Baa3 from Ba1, and its preferred equity to Ba2 from Ba3.
NEW YORK, May 08, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Andeavor Logistics LP (NYSE: ANDX) on behalf of.
MPC’s Q1 Earnings Fall Short of Analysts' Expectations(Continued from Prior Part)Two midstream MLPs to combineOn May 8, Marathon Petroleum (MPC), MPLX LP (MPLX), and Andeavor Logistics LP (ANDX) announced that MPLX would acquire ANDX. As per the
NEW YORK, May 08, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Andeavor Logistics LP (“Andeavor” or.
Marathon Petroleum's (MPC) Refining & Marketing segment reported operating loss of $334 million compared with loss of $133 million in the year-ago quarter.
FINDLAY, Ohio , May 8, 2019 /PRNewswire/ -- Reported first quarter net income of $503 million and adjusted EBITDA of $930 million , which provided 1.41x distribution coverage and resulted in 3.9x leverage ...
Shares of Andeavor Logistics L.P. rallied 5.7% in premarket trade Wednesday, after the energy midstream logistics master limited partnership agreed to be acquired by MPLX L.P. in a deal valued at $9 billion. Under terms of the deal, Andeavor shareholders will receive 1.135 MPLX shares for each Andeavor share they own, which the companies said represent a 7.3% premium. In addition, Marathon Petroleum Corp. will receive 1.0328 MPLX shares for each Andeavor share held, representing a 2.4% discount. "This transaction simplifies our MLPs into a single listed entity and creates a leading, large-scale, diversified midstream company anchored by fee-based cash flows," said Gary Heminger, who is chief executive of all three entities. The deal is expected to immediately add to MPLX's distributable cash flow. Shares of Marathon Petroleum have tumbled 21.1% over the past 12 months, MPLX has shed 9.1% and Andeavor has dropped 27.6%, while the S&P 500 has gained 7.9%.