Stifel Nicolaus analyst Selman Akyol maintained a Buy rating on MPLX today and set a price target of $59.00. The company’s shares closed today at $48.29.
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Akyol covers the Energy sector, focusing on stocks such as Williams Co, Kodiak Gas Services, Inc., and Enterprise Products Partners. According to TipRanks, Akyol has an average return of 10.9% and a 66.87% success rate on recommended stocks.
Currently, the analyst consensus on MPLX is a Strong Buy with an average price target of $58.71, a 21.58% upside from current levels. In a report released on October 1, J.P. Morgan also maintained a Buy rating on the stock with a $57.00 price target.
MPLX market cap is currently $50.04B and has a P/E ratio of 11.65.
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