MPLX LP: A Reliable High-Yield Hold — Good Income, No More Additions from Me
MPLX remains a top-tier midstream operator with a durable 7%-plus yield, strong free cash flow and attractive coverage. The trade here is to own exposure for income while protecting capital: enter around current levels, set a tight stop, and target a breakout above the 52-week high for upside. I like owning MPLX for distributions, but I have stoppe…