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MPLX LP (NYSE:MPLX) ranks among the best performing energy stocks to buy now. In anticipation of MPLX LP (NYSE:MPLX)’s second-quarter results report, which is set for August 5, RBC Capital reaffirmed its Outperform rating and $58 price target on the company’s shares on July 3. Following talks with investor relations, RBC Capital analyst Elvira Scotto reduced the company’s quarterly projections, pointing out that both headwinds and tailwinds will impact upcoming results.
Even with the revised forecasts, RBC Capital considers MPLX LP (NYSE:MPLX) to be one of the most alluring yield bets inside its covered universe. The firm emphasized that MPLX currently has a yield of over 7%, which RBC expects to grow by 12.5% in the upcoming few years.
Founded in 2012 by Marathon Petroleum Corporation, MPLX LP (NYSE:MPLX) owns and operates midstream energy infrastructure alongside logistics assets and offers fuels distribution services.
While we acknowledge the potential of MPLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
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