Dividend Growth of MPLX LP(MPLX)

MPLX LP(MPLX) is having a Dividend Yield of 5.37% with the Annual cash Dividend per share of $2.03. The last quarter cash dividend per share pay out was $0.52. MPLX LP has a 5 year average dividend yield of 3.29% and the stock has a Indicated annual dividend of $2.08. MPLX LP(MPLX) formally announced its most recent dividend on January 26, 2017 with a Dividend per share of $0.52. The new indicated annual dividend based on announced dividend per share is $2.08. The dividend yield based on the forward looking indicated annual dividend is 5.37%. MPLX LP(MPLX) has the most recent dividend payout ratio of 5.57 with a 5-year average payout ratio of 4.3. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 1.26. The 5 year historical dividend growth of MPLX LP(MPLX) is at the rate of 43.06% while the R-Squared dividend growth is 0.53. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

MPLX LP (NYSE:MPLX) witnessed a decline in the market cap on Thursday as its shares dropped 1.93% or 0.75 points. After the session commenced at $39.25, the stock reached the higher end at $39.43 while it hit a low of $37.92. With the volume soaring to 924,160 shares, the last trade was called at $38.01. The company has a 52-week high of $39.43. The company has a market cap of $13,721 million and there are 360,990,880 shares in outstanding. The 52-week low of the share price is $18.5683. MPLX LP has dropped 1.88% in the last five trading days, however, the shares have posted positive gains of 7.06% in the last 4 weeks. MPLX LP is up 18.62% in the last 3-month period. Year-to-Date the stock performance stands at 11.32%.

In the past twelve weeks, the net percent change held by company insiders has changed by -8.44% . Institutional Investors own 67.94% of MPLX LP shares. During last six month period, the net percent change held by insiders has seen a change of -15.73%. Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Gregory Scott Floerke (Exec VP and COO) sold 1,000 shares at 37.00 per share price.On Jan 19, 2017, Randy S Nickerson (Exec VP and CCO) sold 15,000 shares at 36.08 per share price.On Jan 5, 2017, C Corwin Bromley (Exec. VP and Gen Counsel) sold 2,500 shares at 36.00 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Feb 2, 2017 to Mkt Perform, Raises Price Target to $ 38 from a previous price target of $35 .MPLX LP was Upgraded by Wells Fargo to Outperform on Jan 10, 2017. MPLX LP was Upgraded by Mizuho on Jan 4, 2017 to Buy, Price Target of the shares are set at $42.

MPLX LP Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.22. The company had revenue of $714.00 million for the quarter, compared to analysts expectations of $711.44 million. The companys revenue was up 114.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

MPLX LP is a fee-based limited partnership formed to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets. The Companys assets consist of a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. MPLX LP is based in Findlay, Ohio.


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