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Opinions Ross Healy
MPLX LPMPLXHOLDMar 19, 2026
Ross HealyUnknown
$57.68
Stock price when the opinion was issued
$56.00
As of Jun 15, 2026. Market Open.
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COMMENT
Likes the setup. In the market/business cycle, phase 3 is typically when energy does best (economy is running on all cylinders, and companies need fuel to get their product to the consumer). We're in phase 2 now. Let's look at a 3-5 year chart -- there's the sideways consolidation, and now stocks are trying to break out.
His one concern is the LP designation. There's special tax treatment in the US for some of these pipelines.
See his Top Picks.
Dividend about matches the EPS estimate, so it's getting close to paying out 100% of earnings as dividends. Stock valuation getting lofty, close to 4x book value. PE of 12x or so is OK. Stock's running up to FMV, might get to $68. No need to panic yet.
With the Iranian situation, anything with oil and gas is clearly a hold.