If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Findlay, OH-based MPLX LP is a master limited partnership (MLP) engaged in providing a wide range of midstream energy services, including fuel distribution solutions. The large-cap partnership was created in 2012 to own, operate and develop midstream energy infrastructures and logistics assets, mostly for its parent company Marathon Petroleum Corporation. Notably, Marathon Petroleum holds around 64% of MPLX's outstanding common units.
On March 26, 2024, MPLX was added to the Zacks Focus List at $40.69 per share. Shares have increased 34.31% to $54.65 since then.
For fiscal 2025, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.10 to $4.39. MPLX boasts an average earnings surprise of 3.6%.
Moreover, analysts are expecting MPLX LP's earnings to grow 4.3% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like MPLX, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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This article originally published on Zacks Investment Research (zacks.com).
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