FBR Capital Initiates Coverage on MPLX LP with Market Perform Rating and $35 PT (NYSE:MPLX)


About 859,567 shares traded hands. MPLX LP (NYSE:MPLX) has risen 77.51% since February 8, 2016 and is uptrending. It has outperformed by 61.02% the S&P500.

MPLX LP is a United States-based diversified master limited partnership company, which owns, operates, develops and acquires midstream energy infrastructure assets. The company has a market cap of $11.11 billion. The Firm is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. It currently has negative earnings. The Company’s divisions are Logistics and Storage (L&S) and Gathering and Processing (G&P).

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