Mplx Lp (NYSE:MPLX) VP Gregory Scott Floerke sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $36.00, for a total value of $72,000.00. Following the sale, the vice president now directly owns 79,598 shares in the company, valued at approximately $2,865,528. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Gregory Scott Floerke also recently made the following trade(s):

  • On Monday, November 20th, Gregory Scott Floerke sold 4,000 shares of Mplx stock. The stock was sold at an average price of $34.69, for a total value of $138,760.00.

Shares of Mplx Lp (NYSE MPLX) opened at $36.44 on Wednesday. Mplx Lp has a 12 month low of $30.88 and a 12 month high of $39.43. The stock has a market capitalization of $14,803.89, a PE ratio of 39.17, a price-to-earnings-growth ratio of 4.86 and a beta of 1.36. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 0.68.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Thursday, October 26th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Mplx had a return on equity of 5.87% and a net margin of 16.79%. The firm had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.07 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. equities research analysts forecast that Mplx Lp will post 1.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were paid a $0.5875 dividend. This is an increase from Mplx’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.35 annualized dividend and a dividend yield of 6.45%. Mplx’s dividend payout ratio (DPR) is currently 258.24%.

Several analysts recently commented on the company. Stifel Nicolaus dropped their price objective on Mplx from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. BidaskClub downgraded Mplx from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Jefferies Group dropped their price objective on Mplx from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, August 28th. Mizuho reaffirmed a “buy” rating and set a $40.00 price objective on shares of Mplx in a research note on Friday, October 20th. Finally, Barclays reaffirmed a “buy” rating and set a $39.00 price objective on shares of Mplx in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Mplx presently has an average rating of “Buy” and a consensus price target of $41.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC raised its stake in shares of Mplx by 132.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 279,064 shares of the pipeline company’s stock valued at $9,770,000 after purchasing an additional 159,003 shares during the period. Institutional & Family Asset Management LLC acquired a new stake in shares of Mplx in the third quarter valued at about $2,444,000. Tortoise Capital Advisors L.L.C. increased its position in shares of Mplx by 19.3% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 22,787,043 shares of the pipeline company’s stock valued at $797,774,000 after acquiring an additional 3,681,395 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Mplx in the third quarter valued at about $911,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Mplx in the third quarter valued at about $193,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Mplx

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire 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.

Insider Buying and Selling by Quarter for Mplx (NYSE:MPLX)

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