Is It Too Late to Buy These 3 Brilliant Passive Income Stocks? The Motley Fool
Escrito por Cheverísima Stéreo el 17 marzo, 2021
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. While MPLX LP exhibits strength in its operations, it is important to consider the potential risks and challenges that could impact its performance. The company operates in a highly regulated industry, subject to changing governmental policies, environmental considerations, and market dynamics. Adapting to evolving regulations and maintaining compliance is crucial for continued success. Within the industry, MPLX LP possesses a competitive advantage due to its extensive network of assets, strategic locations, and established customer relationships.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
That’s because it trades at a low valuation of 8.8 times earnings and 6.9 times cash flow. If you are buying or selling stocks and funds listed abroad, you could be hit with extra cost for your cross border money transfer. Use Wise money transfer to avoid hidden currency exchange markup or open a Wise account to conveniently review market wizards manage your money in up to 40 currencies. MPC said profit more than doubled amid growth in its refining and marketing and midstream segments. The company, which refines, transports and markets petroleum products, reported a second quarter … 9 Wall Street analysts have issued 1 year price targets for Mplx’s shares.
MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. Buying or selling a stock that’s not traded in your local currency? Convert MPLX LP stocks or shares into any currency with our handy tool, and you’ll always know what you’re getting.
- 9 Wall Street research analysts have issued «buy,» «hold,» and «sell» ratings for Mplx in the last twelve months.
- They’re great options for investors seeking attractive ways to generate passive income.
- View analysts price targets for MPLX or view top-rated stocks among Wall Street analysts.
- These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured.
- They’ve given it the fuel to increase its distribution to investors by 5.3% this year.
MPLX LP’s mission is to provide reliable and efficient midstream solutions that connect energy producers to consumers. The company strives to facilitate the safe and timely movement of energy products, supporting the overall energy infrastructure of the United States. With an extensive network of pipelines, terminals, storage facilities, and marine assets, MPLX LP contributes to the seamless energy flow across key regions, ensuring reliable supply for end-users. However, even with that rally, the MLP still yields an attractive 9.8%.
Morningstar‘s Stock Analysis MPLXP
MPLX LP is a midstream energy comapny that gathers, processes, and transports natural gas, natural gas liquids, and crude oil, as well as other hydrocarbon-based products. MPLX was incorporated in 2012 and is headquartered in Findlay, OH. Please see Open to the Public Investing’s Fee Schedule to learn more. MPLX LP operates within the midstream energy infrastructure sector, which is critical in facilitating the efficient transportation, storage, and distribution of energy products. The company competes in the pipelines and storage sub-industry, providing essential services to support the energy value chain.
- Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
- Style is calculated by combining value and growth scores, which are first individually calculated.
- The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015.
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Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Additionally, fluctuations in energy prices and market conditions can influence the demand for midstream services. MPLX LP must navigate potential volatility in commodity markets and adapt to customer needs and preferences changes. The company’s risk management strategies, including hedging and diversification, are pivotal in mitigating these risks.
MPLX LP Dividend Information
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Mplx announced a quarterly dividend on Tuesday, July 25th. Investors of record on Friday, August 4th will be paid a dividend of $0.775 per share on Monday, August 14th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 8.58%.
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The MLP produces plenty of cash to fund its big-time distribution and expansion program. It generated nearly $1.6 billion in cash during the second quarter, covering its distribution with $579 million to spare. It used that excess cash to fund expansion projects ($387 million) and maintain a strong balance sheet. The company’s competitive advantages, such as its extensive pipeline network and storage capacity, enable it to accommodate increasing volumes of energy products. MPLX LP can explore strategic partnerships, acquisitions, and organic growth initiatives to enhance its market position further and pursue attractive growth prospects.
MPLX LP has demonstrated a solid financial performance in recent years, reflecting its effective management and strategic positioning within the midstream energy industry. The company has consistently delivered strong revenue growth. This upward trajectory can be attributed to its extensive asset base and the growing demand for energy infrastructure services. MPLX currently has several organic growth projects under way. It’s expanding its natural gas and natural gas liquids long haul pipelines, crude oil gathering lines, and natural gas processing capacity.
It has produced nearly $2.6 billion in distributable cash through the first half of this year, enough to cover its big-time payout by 1.6 times. That gave it excess cash to fund expansions while maintaining a strong balance sheet. It will also use excess cash to opportunistically repurchase units. The company’s strong financial profile and growth outlook drive its view that it can increase its distribution at a 3% to 5% annual rate.
MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Gathering and Processing segment gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs).
Marathon Petroleum drops joint-interest ownership in certain assets to MPLX for $1.05 billion
The consensus among Wall Street research analysts is that investors should «moderate buy» MPLX shares. MPLX LP stands well-positioned to capitalize on various growth opportunities within the energy sector. As the demand for energy products continues to rise, the need for reliable midstream infrastructure is paramount. MPLX LP can leverage its existing assets and industry expertise to expand its operations and capture a larger market share. Enterprise Products Partners (EPD 0.69%), Energy Transfer (ET 0.44%), and MPLX (MPLX 0.81%) are some of the best passive income producers in the energy sector. The trio of master limited partnerships (MLPs) offers big-time yielding payouts that should continue growing in the future.
Mplx’s most recent quarterly dividend payment of $0.7750 per share was made to shareholders on Monday, August 14, 2023. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive software engineer vs programmer earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.