MPLX traded at $59.74 this Tuesday August 4th, increasing $0.83 or 1.41 percent since the previous trading session. Looking back, over the last four weeks, MPLX gained 4.86 percent. Over the last 12 months, its price rose by 13.34 percent. Looking ahead, we forecast MPLX to be priced at 57.21 by the end of this quarter and at 53.65 in one year, according to Trading Economics global macro models projections and analysts expectations.
MPLX LP is a diversified master limited partnership (MLP) that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. The Company’s segments include Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. Its L&S segment primarily engages in transportation, storage, distribution and marketing of crude oil, asphalt and refined petroleum products. The L&S segment also includes the operation of its inland marine business, terminals, rail facilities, storage caverns and refining logistics. The G&P segment primarily engages in gathering, processing and transportation of natural gas as well as the gathering, transportation, fractionation, storage and marketing of NGLs.