|Bid||31.49 x 1300|
|Ask||31.50 x 1100|
|Day's Range||31.45 - 31.77|
|52 Week Range||28.32 - 39.01|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||13.73|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||2.67 (8.47%)|
|1y Target Est||38.75|
FINDLAY, Ohio, July 22, 2019 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (MPLX) has declared a quarterly cash distribution of $0.6675 per common unit for the second quarter of 2019, or $2.67 on an annualized basis. As previously announced, MPLX expects to close the acquisition of Andeavor Logistics LP (ANDX) on July 30, 2019, subject to the satisfaction or waiver of the remaining customary closing conditions. Given the anticipated timing of the closing of the transaction, the parties expect that ANDX common unitholders will not receive any future distributions from ANDX, but instead will receive the second quarter 2019 distribution with respect to the MPLX common units expected to be issued in connection with the merger.
DALLAS , July 22, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing ® 30 MLP Index (the "Index"). ...
DALLAS , July 22, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing ® MLP High Income Index (the "Index"). ...
DALLAS , July 22, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, and announce an upcoming interim change to the constituents of The Cushing ® MLP Market Cap Index (the "Index"). ...
With oil production projected to grow rapidly in the coming days, flaring is bound to surge. It remains to be seen whether it affects oil drillers' production capacity.
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.
MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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.