Mplx Lp (NYSE:MPLX) COO Gregory Scott Floerke sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $31.00, for a total value of $31,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Mplx Lp (NYSE:MPLX) opened at 30.68 on Monday. The firm’s market cap is $10.30 billion. The company’s 50 day moving average price is $32.52 and its 200 day moving average price is $32.20. Mplx Lp has a 12-month low of $16.34 and a 12-month high of $45.63.

Mplx Lp (NYSE:MPLX) last posted its earnings results on Thursday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.39. The business earned $564 million during the quarter, compared to analysts’ expectations of $657.88 million. Mplx Lp’s quarterly revenue was up 161.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. Equities research analysts forecast that Mplx Lp will post $0.21 EPS for the current year.

Several equities analysts have recently commented on the company. Barclays PLC assumed coverage on Mplx Lp in a research report on Tuesday, July 19th. They issued an “overweight” rating and a $42.00 target price on the stock. Zacks Investment Research raised Mplx Lp from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, July 27th. Jefferies Group assumed coverage on Mplx Lp in a research report on Tuesday, August 23rd. They issued a “hold” rating and a $35.00 target price on the stock. FBR & Co assumed coverage on Mplx Lp in a research report on Friday, September 9th. They issued a “market perform” rating and a $35.00 target price on the stock. Finally, Mizuho began coverage on Mplx Lp in a research report on Friday, September 30th. They issued a “neutral” rating and a $35.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $36.11.

Several large investors have recently bought and sold shares of the company. Spirit of America Management Corp NY increased its stake in Mplx Lp by 13.0% in the third quarter. Spirit of America Management Corp NY now owns 643,879 shares of the company’s stock valued at $21,802,000 after buying an additional 74,100 shares in the last quarter. Advisor Consultant Network Inc. bought a new stake in Mplx Lp during the third quarter valued at about $743,000. Hilton Capital Management LLC increased its stake in Mplx Lp by 513.5% in the third quarter. Hilton Capital Management LLC now owns 43,470 shares of the company’s stock valued at $1,472,000 after buying an additional 36,385 shares in the last quarter. Advisory Services Network LLC increased its stake in Mplx Lp by 68.7% in the third quarter. Advisory Services Network LLC now owns 5,536 shares of the company’s stock valued at $187,000 after buying an additional 2,254 shares in the last quarter. Finally, Catawba Capital Management VA increased its stake in Mplx Lp by 268.7% in the third quarter. Catawba Capital Management VA now owns 21,955 shares of the company’s stock valued at $743,000 after buying an additional 16,000 shares in the last quarter.

Mplx Lp Company Profile

MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products.

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