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Ups and Downs: Analyzing MPLX’s Stock Performance

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MPLX’s stock performance

In this part of the series, we’ll analyze MPLX LP’s (MPLX) stock performance over the past six months. During this time, commodity prices weren’t very unstable.

The above graph notes that MPLX stock initially declined in September 2014. This is the starting point that we took for this comparison. It’s also when oil prices started declining rapidly. However, MLPX stock started rising soon.

Other companies in the industry showed a different picture. Tesoro Logistics (TLLP) and Phillips 66 Partners (PSXP) both started to decline. They underperformed MPLX. In Tesoro’s case, it underperformed the Alerian MLP ETF (AMLP) as well. Phillips 66 Partners initially underperformed AMLP, but it started rising towards the end of last year. Now, it’s trading closer to the levels in September 2014. However, it remains in the negative return territory. It increased slightly compared to the levels in September.

Currently, Tesoro Logistics is trading at levels seen in September. MPLX is trading at levels well above the levels in September.

In terms of price returns, MPLX seems to be the best performer in this group.

Tesoro Logistics is an MLP (master limited partnership) subsidiary company of Tesoro Corporation (TSO). Phillips 66 Partners and MPLX are MLP subsidiary companies of Phillips 66 (PSX) and Marathon Petroleum (MPC), respectively.

Tesoro Logistics, Phillips 66, and Marathon Petroleum are all part of the iShares Global Energy ETF (IXC). They account for 3.3% of the ETF.

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