Mplx Lp (NYSE:MPLX) VP Gregory Scott Floerke sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.00, for a total transaction of $74,000.00. Following the completion of the transaction, the vice president now owns 77,598 shares of the company’s stock, valued at $2,871,126. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, November 30th, Gregory Scott Floerke sold 2,000 shares of Mplx stock. The stock was sold at an average price of $36.00, for a total transaction of $72,000.00.
  • 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 transaction of $138,760.00.

Mplx Lp (NYSE:MPLX) traded up $0.27 during trading hours on Wednesday, reaching $37.33. 1,380,100 shares of the company’s stock were exchanged, compared to its average volume of 1,413,600. Mplx Lp has a fifty-two week low of $30.88 and a fifty-two week high of $39.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.54. The company has a market cap of $15,393.72, a P/E ratio of 40.72, a PEG ratio of 5.05 and a beta of 1.36.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Thursday, October 26th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Mplx had a net margin of 16.79% and a return on equity of 5.87%. The firm had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.07 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. equities analysts predict that Mplx Lp will post 1.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were given a dividend of $0.5875 per share. 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 dividend on an annualized basis and a dividend yield of 6.30%. Mplx’s payout ratio is presently 258.24%.

Several hedge funds have recently modified their holdings of MPLX. Beach Investment Management LLC. bought a new stake in shares of Mplx during the 2nd quarter valued at $1,061,000. Boston Partners grew its position in shares of Mplx by 11.2% during the 2nd quarter. Boston Partners now owns 567,359 shares of the pipeline company’s stock valued at $18,950,000 after acquiring an additional 57,024 shares during the period. First Trust Advisors LP bought a new stake in shares of Mplx during the 2nd quarter valued at $5,064,000. Advisors Asset Management Inc. grew its position in shares of Mplx by 87.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 40,088 shares of the pipeline company’s stock valued at $1,339,000 after acquiring an additional 18,722 shares during the period. Finally, Botty Investors LLC grew its position in shares of Mplx by 833.2% during the 2nd quarter. Botty Investors LLC now owns 20,606 shares of the pipeline company’s stock valued at $688,000 after acquiring an additional 18,398 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on MPLX shares. UBS lifted their target price on shares of Mplx from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus cut their target price on shares of Mplx from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Mizuho reaffirmed a “buy” rating and issued a $40.00 target price on shares of Mplx in a research report on Friday, October 20th. Barclays reaffirmed a “buy” rating and issued a $39.00 target price on shares of Mplx in a research report on Thursday, October 19th. Finally, Jefferies Group cut their target price on shares of Mplx from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.91.

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Mplx Company Profile

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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