MPLX LP: A Baxter Report Buy

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MPLX LP ($NYSE:MPLX) is a publicly traded master limited partnership that owns, operates, and develops midstream energy infrastructure assets. The company’s assets include pipelines, storage tanks, and terminals. MPLX LP is headquartered in Findlay, Ohio. The Baxter Report is a financial newsletter that provides stock recommendations. The newsletter’s analysts have given MPLX LP a buy rating due to the stock’s recent uptrend of 2.15%.

MPLX LP‘s most recent closing price was $32.82. The Baxter Report’s analysts believe that MPLX LP is a good long-term investment due to the company’s strong fundamentals. They also believe that the stock’s recent uptrend is likely to continue in the future.

Price History

MPLX LP is a publicly traded partnership that owns, operates and develops midstream energy infrastructure assets. The company’s portfolio includes crude oil and refined products pipelines, storage tanks, and terminals. On Wednesday, MPLX LP stock opened at $32.5 and closed at $32.4, down by 1.2% from prior closing price of 32.8. MPLX LP is a large and diversified company with a strong financial position. The company has a good track record of delivering growth and shareholder value.

However, the stock is not without risk, and investors should carefully consider their investment objectives and risks before investing.

VI Analysis

MPLX LP is a publicly traded partnership that owns, operates, develops, and acquires midstream energy infrastructure assets. The company has a medium risk rating based on its financial and business aspects. The VI App has detected 2 risk warnings in the income sheet and balance sheet. Register on vi.app to check it out.

VI Peers

MPLX LP is a publicly traded master limited partnership that owns, operates, develops, and acquires midstream energy infrastructure assets. The company’s asset portfolio includes approximately 11,800 miles of crude oil and light product pipelines, approximately 8,200 miles of natural gas pipelines, approximately 36 natural gas processing plants, and approximately 50 crude oil and light product storage facilities. MPLX LP is headquartered in Findlay, Ohio.

MPLX LP‘s primary competitors are Marathon Petroleum Corp, Energy Transfer LP, and Magellan Midstream Partners LP. All three companies are engaged in the business of transporting, storing, and processing petroleum products.

– Marathon Petroleum Corp ($NYSE:MPC)

Marathon Petroleum Corp is an oil refining and marketing company with a market cap of $54.29B as of 2022. The company has a return on equity of 32.4%. Marathon Petroleum Corp is engaged in the refining, marketing, retailing and transportation of petroleum products and crude oil. The company operates through three segments: Refining & Marketing, Retail, and Midstream. Marathon Petroleum Corp was founded in 1887 and is headquartered in Findlay, Ohio.

– Energy Transfer LP ($NYSE:ET)

Energy Transfer LP is a master limited partnership that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas storage facilities, and crude oil pipelines. Energy Transfer’s natural gas pipelines transport natural gas from production areas to market centers. The company’s crude oil pipelines transport crude oil from production areas to refineries and market centers. Energy Transfer’s natural gas storage facilities provide storage capacity for natural gas. The company also owns and operates natural gas gathering and processing facilities.

Energy Transfer’s market cap as of 2022 is 36.67B. The company has a Return on Equity of 14.71%. Energy Transfer’s business is focused on the transportation, storage, and gathering of natural gas and crude oil. The company’s pipelines transport natural gas and crude oil from production areas to market centers. Energy Transfer’s natural gas storage facilities provide storage capacity for natural gas. The company also owns and operates natural gas gathering and processing facilities.

– Magellan Midstream Partners LP ($NYSE:MMP)

Magellan Midstream Partners LP is a publicly traded partnership that owns, operates, and leases a diversified portfolio of energy infrastructure assets in the United States. The company’s assets include approximately 8,400 miles of pipelines, 80 terminals, and six product storage facilities. Magellan Midstream Partners LP is headquartered in Tulsa, Oklahoma.

Summary

MPLX LP is a publicly traded master limited partnership that owns, operates, develops, and acquires midstream energy infrastructure assets. Headquartered in Findlay, Ohio, MPLX is a subsidiary of Marathon Petroleum Corporation. MPLX LP‘s common units are traded on the New York Stock Exchange under the ticker symbol “MPLX.” MPLX LP is an attractive investment for a number of reasons.

First, the partnership has a diversified portfolio of midstream assets, including pipelines, terminals, and storage facilities. This diversification provides stability and income in different market conditions. Second, MPLX LP has a strong financial position. The partnership has a credit rating of BBB+ from Standard & Poor’s and Baa1 from Moody’s. This investment-grade rating gives MPLX LP the ability to access the debt markets on favorable terms. Third, MPLX LP has a proven track record of delivering strong financial results. Fourth, MPLX LP has a experienced management team with a proven track record of executing on its business plan. Finally, MPLX LP offers investors an attractive yield. For all of these reasons, MPLX LP is an attractive investment for income-seeking investors.