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Eye Catching Stock: MPLX LP (NYSE:MPLX)

MPLX LP (NYSE:MPLX) changed 1.18% to recent value of $28.23. The stock transacted 1563726 shares during most recent day however it has an average volume of 2463.99K shares. It spotted trading -24.19% off 52-week high price. On the other end, the stock has been noted 9.21% away from the low price over the last 52-weeks.

On Sept. 04, 2019,  MPLX LP (NYSE:MPLX) notified that it has priced $2,000,000,000 in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1,000,000,000 aggregate principal amount of floating rate senior notes due 2021 (the 2021 senior notes) and $1,000,000,000 aggregate principal amount of floating rate senior notes due 2022 (the 2022 senior notes).

The 2021 senior notes were offered at a price to the public of 100% of par and will bear interest at a floating rate equal to the three-month LIBOR plus 0.900% per annum, reset quarterly.  The 2022 senior notes were offered at a price to the public of 100% of par and will bear interest at a floating rate equal to the three-month LIBOR plus 1.100% per annum, reset quarterly.  

MPLX intends to use a portion of the net proceeds from this offering to repay, redeem or otherwise retire the Andeavor Logistics LP 5.500% senior notes due 2019. Pending that final use, MPLX intends to use the net proceeds from this offering to repay borrowings under its revolving credit facility and its amended and restated intercompany loan agreement with Marathon Petroleum Corporation and/or for general partnership purposes, which may include, from time to time, acquisitions, capital expenditures and the payment of distributions.

 MPLX has a gross margin of 58.00% and an operating margin of 39.90% while its profit margin remained 27.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 116.20% for this year while earning per share for the next 5-years is expected to reach at 8.91%.

 The company has 1060.22M of outstanding shares and 386.79M shares were floated in the market. According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.02% from the mean of 20 days, -4.89% from mean of 50 days SMA and performed -11.60% from mean of 200 days price. Company’s performance for the week was 3.56%, 2.21% for month and YTD performance remained -6.83%.

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