MPLX News and Press, MPLX LP Representing Limited Partner Interests From 11/24/23

2023-11-24 10:00:00 ET Summary If you're a big-yield contrarian investor, the 9.2% yield Duff & Phelps Utility and Infrastructure Fund stands out like a sore thumb, as compared to 25 other top big yielders. Specifically, the fund has gotten slammed by its out-of-favor utilitie...

2023-11-22 07:15:00 ET Summary Medical Properties Trust, Inc.'s fundamentals continue to deteriorate, with rising risk of a dividend cut and bankruptcy risk. If interest rates return to record low rates, its interest costs will double in the coming years. Medical Properties Trust ...

2023-11-21 07:10:00 ET Summary It's always and forever a market of stocks, not a stock market. The Nasdaq is up 45% YTD, while Pfizer Inc. stock is down 40%. Pfizer's yield is at 14-year highs, nearly 30% undervalued. The collapse in earnings this year is pure pandemic vaccine boo...

2023-11-20 15:13:58 ET Summary Kinder Morgan, Inc. has announced acquisition of South Texas assets for $1.815 billion, expanding its exposure to natural gas. The acquisition is highly complementary to Kinder Morgan's existing footprint in South Texas and offers stable cash flow th...

2023-11-20 08:30:00 ET Summary A recession in 2024 is becoming more likely as economic data suggests a downturn, and the Fed may cut rates as early as March 2024. Capital is expected to flow into income-producing assets as the risk-free rate of return declines, benefiting sectors ...

2023-11-19 22:13:21 ET Summary MPLX LP is a well-run master limited partnership that generated a strong dividend coverage of 1.6x in Q3. The midstream company achieved record EBITDA and distributable cash flow in Q3'23 and raised its distribution by 10%. MPLX is experiencing a...

2023-11-19 01:20:13 ET Summary Miller/Howard High Income Equity Fund is expected to liquidate in November 2024, presenting a buying opportunity due to the potential for the fund's discount to narrow. The activist group Saba Capital holds a substantial stake in HIE, and that's pret...

2023-11-17 14:17:12 ET Sixteen global stocks have underperformed but could have potential large moves, according to BofA. In their “Global Positioning in Stocks” report, published on Friday, BofA strategists outlined 16 overweight-rated stocks that could have breakthroughs...

2023-11-16 07:15:00 ET Summary MPLX is one of the best 9.5% yielding stocks in the world, a true rich retirement dream machine. The business is based on long-term contracted cash flows with investment-grade energy companies. MPLX plans to diversify into green energy and be aro...

2023-11-15 08:00:00 ET Summary Six constituents in the broad Alerian Midstream Energy Index (AMNA) spent a combined $745 million on equity repurchases in 3Q23. Corporations were more active with buybacks this quarter than MLPs, in keeping with the trend for 2023. Buybacks rema...