MPLX’s price performance
MPLX (MPLX) stock has risen just 1% so far in 2018. In comparison, Enterprise Products Partners (EPD) has risen 8%, Kinder Morgan (KMI) has fallen 11%, and Williams Companies (WMB) has fallen 16% year-to-date. The Energy Select Sector SPDR ETF (XLE) has risen 3%, and the Alerian MLP ETF (AMLP) has fallen 5%.
Crude oil prices have risen 7% year-to-date. You can learn about the latest factors driving crude oil prices in Will Libyan and US Crude Oil Inventories Help Oil Futures? The above graph compares MPLX’s stock performance with its peers in 2018.
MPLX is trading 5% above its 50-day moving average and 4% above its 200-day moving average. Its 200-day moving average may act as a support for the stock in the near term. If MPLX’s 50-day moving average crosses above its 200-day moving average, it might mean further strength for the stock.
MPLX generated total returns, including distributions, of 17% over the last year. Its total returns over a five-year period stand at 28%.
MPLX is currently trading at an attractive yield of 6.8%. In comparison, Enterprise Products Partners, Kinder Morgan, and Williams Companies are trading at 5.8%, 4.8%, and 5.1%, respectively. The Alerian MLP Index’s yield is currently 7.8%.
Let’s take a look at MPLX’s distribution growth, coverage, and distributable cash flow in the next part of the series.