MPLX LP Representing Limited Partner Interests (NYSE:MPLX)

Chart of the Day January 28th, 2022

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  • drmike54: @joelsg1 $MPC Instead of $MPC try $MPLX when it pulls back. $2.82/yr dividend. Marathon's pipeline Wouldn't buy it here (at the top of the range). But below $30. a great buy and hold investment in this market environment. An MLP so the tax consequences get a bit confusing/complicated.
  • joelsg1: @drmike54 $MPC $MPLX Your last sentence killed it for me, had a ton of tax reporting trouble previously. Though that 9% yield...Thanks.
  • Amisure: $TRP $DOC $MPLX $KMI $ENB $VICI $ABR $WES $FLNG--- some high dividend ideas. not recommendations, just ideas for those interested to look into further.
  • Pokersmith: @DAN $MPC See also $MPLX ( granted , it's an LP, with a monster divie and they are in everything. Subsidiary of MPC ) Chart action COULD use to be tighter 🤔...see weekly
  • Pokersmith:
  • Momentariness: @Pokersmith $MPLX #Triggered Good one
  • Pokersmith: Energy names ( Oil and gas ) green on the day in a sea of red see: $APA, $OXY, $PDCE, $MTDR and $MPLX
  • woodman: @Pokersmith $APA $OXY $PDCE $MTDR $MPLX - Not in the green category today, but $RES is down to around the 8dEMA (currently 9.90) with its drop today (low of 9.99, closed 10.66, but down to 10.10 in the afterhours). The 8dEMA has been a fairly consistent support area on its path up since November, and particularly since December. (I'm still in this.)
  • DAN: ...
    $MPLX -- 8.6% yield.
    $CVX -- mixed earnings, but still in trend.
    $XOM -- Still holding the breakout…only very extended. Watch for a test of $70
    $HAL -- Really good breakout on the weekly. Check volume. It’s a monster.
    $SLB -- Looks l ...
  • lostsheep: $pld $abbv $dre $mdt $eqr $ cnp $MPLX $MAR Weekly reversals in progress
  • SamWB: $MPLX broke $30 today and is staying above it so far. Appears to be above pre-COVID levels and has a decently looking upward slope. At worst I will break even but hopefully this one will be long.
  • Ajax4Hire: ...
    7.26% $MPLX MPLX LP
    6.08% $PAA Plains All American Pipeline, L.P.(an Active Trade List entry)
    5.84% $PSXP Phillips 66 Partners LP
    5.58% $HEP Holly Energy Partners, L.P.
    5.58% $CEQP Crestwood Equity Partners LP
    5.48% $WES Western Midstream Partners, ...
  • wanda1616: $MPLX any thoughts on this with a 9,66% dividend? no K1
  • wanda1616: @wanda1616 $MPLX nice weekly and monthly
  • jvee: @wanda1616 $MPLX It does have a K-1
  • SamWB: Two trades working for me today are $MPLX and $SHLX . Give them a look, maybe they are for you as well.
  • drmike54: @gtr89 $AR $SHLX $NLY $ORC $MPLX If you like $SHLX you'll really like $MPLX. The stock pays $2.75 per year and is selling at 24.90
  • Ajax4Hire: @drmike54 $AR $SHLX $NLY $ORC $MPLX $MPLX - Marathon Petroleum LP looks nice also, but $MPLX has recovered to pre-pandemic 2020-03March level. @gtr89, wash this type of investment thru 401k to avoid special K-1 IRS filing. I have walked that bataan death march of trying to file income from LP reported on K-1. Never do that again.
  • SamWB: @Ajax4Hire $AR $SHLX $NLY $ORO I have also been looking at $SHLX for a good buy entry. Also looking at $BPMP for similar reasons. Did not know about $MPLX so I will add that one to the list!
  • lostsheep: $Mplx 11% div payer hitting recent highs
  • mikethompson: @drmike54 $MPLX $MPC #REITS #REIT There used to be a list of Yieldhog stocks on the website, but I don't see then anymore. I'm guessing they went away after Jan2143 passed away???
  • teacher5: @teacher5 $MPLX $MPC #REITS #REIT Here are some more. These have quarterly dividends.
  • teacher5: @mikethompson $MPLX $MPC #REITS #REIT Here’s a couple of screenshots of some of @Jan’s yieldhogs and the closing prices. These have monthly dividends.
  • sgiseller: @drmike54 $MPLX $MPC #REITS #REIT My issue with all these high yield stocks is that they generally lose share price, thus killing a fat dividend, except if you are lucky enough to get the right entry, which for all of these was last march. over the last year $NLY is -10.91%, $MPLX -7.6%, $MPC -24.12%, $DCP -15.58%
  • drmike54: @sgiseller $MPLX $MPC $NLY $DCP #REITS #REIT If a stock trades like a bond (which most high yielders do) then entry price is the ONLY thing. You have to buy these 'when there is blood in the streets When they are within 5-10% of their yearly (or multi-year) lows not their yearly highs. Think of them as the anthesis of a momentum stock. For someone who has been trading momentum stocks, its very difficult to change your mindset. But you have to be a bargain hunter when you think about buying high yielders. The other way to buy high yielders is to dollar cost average...buying a little more (and making a larger monthly contribution) when the price is down than when the stock is at it's highs.
  • teacher5: @mikethompson $MPLX $MPC #REITS #REIT His posts are still here! In the search bar, type @jan2138 and make sure your timeframe is set to “All Time”. They just showed up for me.
  • drmike54: @dancemaui #REITS $MPLX @dancemaui, if you are looking for a high yielding stock or #REIT might I suggest $MPLX. It's Marathon Petroleum ($MPC)'s Pipeline division. It pays $2.75 dividend a year. (11.9% yield at its current price of $23.11). In the midst of falling oil prices last year, this company raised its dividend. The stock is near its yearly high and I certainly wouldn't go 'all in' RHRN. Take a small position and average in over the next few months. If you feel courageous you can even write slightly out of the money monthly calls and puts to increase your yield even more. As I've mentioned before in the Forum, I feel so good about this stock that I put it in my 95 year old Mother's portfolio. And she has been very happy with it.
  • drmike54: @gtr89 $RH $SPX $DJI $DJT $DJUSRR $NSC $MDY $IWM $NDX $FFTY $GOGO $YETI $FICO $TUP $BLDR $SHW $ISRG $MRNA $PFE $BNTX $CDLX $BIDU $FTCH $JD $MPWR $TPX $NLY $TDF For a dividend play, consider $MPLX----- its Marathon Petroleum's Pipeline division. Yield is 14.1%. I know oils are despised these days but this stock raised its dividend earlier this year and seems to be doing just fine. Put a good chunk of my 95 year old Mother's portfolio in it at ~17 in early July
  • ikkyu000: @scottrades $CLX $BYND $SQ $MRNA $ROKU $FSLY $TSN $ATVI $CHGG $CVS $W $DIS $MELI $GPN $SPCE $TWLO $CMS $LVGO $MCK $AMRN $ETSY $PLUG $NET $BMY $RACE $TTWO $MPC $MPLX $ZNGA $DBX $DDOG $UBER $WIX $KOS $TTD $ENPH $CRON $BP $TEVA $PENN $FVRR $RNG #Earnings Thanks so much for the list. If you could post a list every week during earnings season, that would be great. I plug the symbols into a watchlist to watch for intraday snap-back reversals (my favorite kind of trade).
  • scottrades: Some #Earnings to be aware of next week. $CLX $BYND $SQ $MRNA $ROKU $FSLY $TSN $ATVI $CHGG $CVS $W $DIS $MELI $GPN $SPCE $TWLO $CMS $LVGO $MCK $AMRN $ETSY $PLUG $NET $BMY $RACE $TTWO $MPC $MPLX $ZNGA $DBX $DDOG $UBER $WIX $KOS $TTD $ENPH $CRON $BP $TEVA $PENN $FVRR $RNG
  • drmike54: @AlexH $NVDA (after tomorrow's earnings), $CMG, $CRM, $TDY, $IMMU, $AMZN, $AAPL, $WMT, (or $TGT) $DSL & $MPLX the last two for their yields. Having said that, to buy at the top of the range, rather than waiting for a short term pull back, is a suckers bet. As the host of this Forum says over and over again, "It's all about your entry."
  • hyss11: Just thought I would get some thoughts on the MLP space. $EPD, $ET, $ENLK, $PAA, $MPLX, $MMP. Are these little flag patterns setting up? Yields are very attractive.
  • Lou: @hyss11 $EPD $ET $ENLK $PAA $MPLX $MMP - I've been trading $ET and predecessors ETE and ETP for quite a while and am again very long $ET. I think that $ET has lots of head room and will go appreciably higher. That said, my favorite of the pipeline companies RHRN is $KMI. Nicer chart and NOT an MLP with a good dividend and a plan to increase the dividend at stated intervals.. It is now a corporation and gives you none of the complications of an MLP with K-1 tax reporting and if owned in a tax deferred account such as a Roth or an IRA possible exposure to UBTI (Unrelated Business Taxable Income). I don't follow the other names you mentioned.
  • champ: @arrow $MPLX $MPC #All #NewMove #IMO --- Thanks, for the info. Ok, after yesterdays news....Whats the bottom line IYO....#1 ...Does these new drop-downs help or hurt $MPLX share price as the stock moves forward....? #2...Was yesterdays news the right ...
  • arrow: @champ $MPLX $MPC #All #NewMove #IMO #1 #2 #3 #4 #5 The positive for MPLX is the GP buyout & termination of IDR's. That reduces ever increasing cost of capital (from IDR's). The dropdowns grow the size of MPLX, just like any other acquisition. He ...
  • arrow: @champ $MPLX - Feb 2016 was the energy sector low, just about all the MLPs (& other energy names) had those type of moves. John Fox is against the dropdowns, and MPC/MPLX is so far not listening to him. It will be interesting to see what he does with his stake. Good luck. Also, MPLX pays distributions, not dividends. (In the world of K-1s ignorance is not bliss.)
  • champ: @arrow $MPLX --- Yes, we all know it's a distribution....Schwab and the others trading houses call it a dividend....I get about 40 of the K-1s every year.
  • champ: $MPLX @ $37.85 ---- $MPC dropped down more assets yesterday to $MPLX worth $2b... this is the first of several more Assets that we will be dropping down in 2017...the CEO of $MPC said....#All of these assets were dropped down in just this #NewMove... ...
  • issues: @champ $MPLX $MPC #All #NewMove #IMO So what will you do? Cramer's fav is $MMP.
  • champ: @issues $MPLX $MPC $MMP #All #NewMove #IMO --- What can I say...I like my research better than his.....but maybe he will like this one better after he see's this ....#NewNews.....and $MPLX does pay a higher div by over a 1% point.... and the biggest and most important reason is.... if you look at the 2 year highs ....it does.... Not.... have the chance to more than #Double like $MPLX has....We...could help him out and send him an E-Mail....could you take care of that for me....I'm off to the Gym. I have Posted on $MMP many times before....and you asked what will I do....? I already added and doubled my position.
  • arrow: @champ $MPLX $MPC #All #NewMove #IMO Both MPLX & MPC are undergoing major transformations to unlock value spurred on by an activist investor. It's not about a Board rewarding itself because they didn't do it earlier. The chart of MLP's from the glory days is not a good predictor of where they have "room" to go to, for MPLX and others. Ironically, the higher distributions and the additional dropdowns may not be as helpful for the stock as you think. See http://www.itjustmakessensegary.com/ for the analysis of the co-founder of MarkWest (bought by MPLX) who also is the largest individual holder of MPLX units. There is value to unlock in both MPC & MPLX, likely more in MPC, but they aren't trading/chart stocks.
  • champ: @Robert1965 $MPC ---- The drop down $MPLX from $MPC is still working a little today....posted yesterday that I added.
  • champ: $ALJ @$12.35 up over 8% as of now ...on triple volume....still holding my long term position ...also still holding $MPLX $DK and $PBF.....all refiners.
  • Bridget: $MPLX I don't know anything about this company but the chart is telling me this is about to break out of a multi month consolidation range. Good volume today. Couldn't find any news.
  • champ: @Bridget $MPLX --- I have a position and posted this morning ...it's a asset drop down from $MPC.
  • issues: @Bridget $MPLX Is your crystal ball helping? The chart look inviting. This sure looks like a good breakout. NP yet....
  • champ: $MPLX @ $35.20 adding to the long term swing position.
  • geotheo: @champ $MPLX You think this has better value than $MPC?
  • geotheo: @champ $MPLX $MPC I'm the other way around. Being long $MPC and with such a big move was thinking of rotating into MPLX.
  • champ: @geotheo $MPLX $MPC ---- Really hard to know at this point ....I'm long only $MPLX and I just thought it was time to add because of news today that $MPC would be dropping down...$1.4b....more assets....that news was posted today by $MPC....this news ...
  • champ: @Robert1965 $CVI $CVRR--- Yes, I have him on CNBC....and like I posted about ...I knew he had a position in a refiner....I just din't know which one for sure ...so I din't post the name....and I'm holding $CVRR which $CVI has a partnership with ...it's a spin off of $CVI ...like all the others refiners also have....(a down stream energy limited partnership) I have this one $MPLX also ...on refiners I have positions in $AJL $PBF and $DK....I'm going to hold all because of Icon this sector is going to go much higher. Another reason is... the economy is picking up ...which will kick all the refiners demand higher ...helping the stock prices.
  • JJT1: @champ $CVI $CVRR $MPLX $AJL $PBF $DK Be aware Icahn has owned this since the 40 + dollar range so he has taken a bath on this one. He did seem to keep mgmt, not like some other buys of his, so he must see something. Maybe he can work his PR magic to get back to BE.
  • Bridget: $MPLX breaking out on the weekly chart. Would like to see more volume though. Ex-dividend tomorrow. Would like to see a more confirmed breakout above $35.
  • champ: @Robert1965 $MPC - Yes, I've done a lot of research on this stock and I like it ..NP at this point but I do own $MPLX for the div ..which is an MLP off of $MPC.
  • Bridget: $MPLX currently still in a squeeze but I have an alert set at $35 if this thing really breaks out. Moving averages are turning up.
  • champ: $VLO $WNR $TSO $MPLX $MPC - Don't really know why but all refiners are moving up...??
  • mhuie: @champ $VLO $WNR $TSO $MPLX $MPC
  • Jadee: $MPLX Oversold possible done goin' down
  • tina: $AON $ARII $ASR $AVGO $CI $CW $DOW $FRX $GD $HBI $HUM $LAZ $LMT $MPLX $PBI $QCOR $SIG $SLXP $TRN All tight or moving up on their BB (20,2)
  • Tim S: Notable earnings before Thursday's open $AAP, $ABC, $ABX, $ACOR, $ALKS, $ALU, $ANR, $ARRY, $AVP, $AYR, $AZN, $BEAM, $BGCP, $BLC, $BUD, $BYD, $CAH, $CI, $CLX, $COP, $COR, $COT, $CRR, $DGI, $DISCA, $EL, $EPD, $EPL, $FCH, $FIG, $GBX, $GTI, $GTLS, $HAR, $HGG, $HSH, $IDCC, $INCY, $IQNT, $IRDM, $IRM, $ITC, $ITT, $IVZ, $KEM, $LECO, $LIOX, $LKQ, $MA, $MGM, $MMP, $MOD, $MPC, $MPLX, $MSCI, $MYL, $NI, $NIHD, $NILE, $NMM, $NVO, $NYT, $O, $OCN, $OSK, $PDCE, $PNW, $PPL, $PRGO, $PRLB, $PWR, $Q, $RFP, $SCG, $SFY, $SHOO, $SMP, $SNAK, $SNE, $STRA, $TDC, $TE, $TEVA, $TWC, $VICL, $VPHM, $VRX, $WNR, $WWE, XOM
  • ginny: ...
    $MPLX LP $MPLX 53% $33.75 $22.00 25-Oct-12
    Restoration Hardware Holdings Inc. $RH 48% $35.63 $24.00 1-Nov-12
    Western Gas Equity Partners LP WGP 43% $31.50 $22.00 6-Dec-12
    Norwegian Cruise Line Holdings Ltd. $NCLH 43% $27.08 $19.00 17-Jan-13
    ...
  • ginny: IPO scorecard Here is a list of recent IPO's I have made a sperate list in Freestockcharts.com I can keep an eye on the charts and look for that moment that they break a new high. IPO Scorecard: Update on Selected Initial Stock Offerings Company Symbol Percent Current Offer Date SolarCity Corp. $SCTY 102% $16.16 $8.00 12-Dec-12 Workday Inc. $WDAY 89% $53.02 $28.00 11-Oct-12 Ruckus Wireless Inc. $RKUS 63% $24.48 $15.00 15-Nov-12 $MPLX LP $MPLX 53% $33.75 $22.00 25-Oct-12 Restoration Hardware Holdings Inc. $RH 48% $35.63 $24.00 1-Nov-12 Western Gas Equity Partners LP WGP 43% $31.50 $22.00 6-Dec-12 Norwegian Cruise Line Holdings Ltd. $NCLH 43% $27.08 $19.00 17-Jan-13 @Alon $USA Partners LP ALDW 40% $22.32 $16.00 20-Nov-12 Seadrill Partners LLC SDLP 28% $28.10 $22.00 18-Oct-12 $YY Inc. $YY 27% $13.31 $10.50 20-Nov-12 Diamondback Energy Inc. $FANG 23% $21.50 $17.50 11-Oct-12 Delek Logistics Partners LP DKL 23% $25.75 $21.00 1-Nov-12 Southcross Energy Partners LP SXE 19% $23.82 $20.00 1-Nov-12 CyrusOne Inc. $CONE 18% $22.44 $19.00 17-Jan-13 Wheeler Real Estate Investment Trust $WHLR 15% $6.03 $5.25 16-Nov-12 $PBF Energy Inc. $PBF 13% $29.45 $26.00 12-Dec-12 $CVR Refining LP CVRR 2% $25.57 $25.00 16-Jan-13
  • Diana2010: ...
    Top Picks: We continue to favor those refiners with substantial non-refining value - $MPC, $TSO, Phillips 66 (PSX) and DK. Indeed $MPC could be one of the best large cap refiners in 1H13 if management lay out disclosure/growth plans for $MPLX, close ...
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Stock Price $40.90
Change 0.10%
Volume 1,188,480

MPLX LP owns, operates, develops and acquires pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products.

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