Mplx Lp (MPLX) VP Sells $72,000.00 in Stock
Mplx Lp (NYSE:MPLX) VP Gregory Scott Floerke sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.00, for a total transaction of $72,000.00. Following the transaction, the vice president now directly owns 79,598 shares of the company’s stock, valued at approximately $2,865,528. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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 shares were sold at an average price of $34.69, for a total transaction of $138,760.00.
Mplx Lp (NYSE MPLX) traded down $0.75 during trading hours on Thursday, reaching $35.69. 1,114,200 shares of the company’s stock were exchanged, compared to its average volume of 1,411,181. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.54. Mplx Lp has a fifty-two week low of $30.88 and a fifty-two week high of $39.43. The company has a market cap of $15,136.19, a P/E ratio of 40.04, a PEG ratio of 4.97 and a beta of 1.36.
Mplx (NYSE:MPLX) last posted its earnings results on Thursday, October 26th. The pipeline company reported $0.29 EPS for the quarter, topping 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 business 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 firm’s revenue was up 16.9% on a year-over-year basis. equities analysts predict that Mplx Lp will post 1.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date of this dividend was Friday, November 3rd. This is an increase from Mplx’s previous quarterly dividend of $0.56. Mplx’s payout ratio is 258.24%.
A number of equities analysts have weighed in on MPLX shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 target price on shares of Mplx in a research note on Wednesday, November 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $42.00 target price (down previously from $43.00) on shares of Mplx in a research note on Tuesday, September 5th. BidaskClub downgraded shares of Mplx from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. UBS raised their target price on shares of Mplx from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Mizuho reaffirmed a “buy” rating and set a $40.00 target price on shares of Mplx in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. Mplx has an average rating of “Buy” and an average price target of $41.67.
Several institutional investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC boosted its stake in shares of Mplx by 132.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 279,064 shares of the pipeline company’s stock worth $9,770,000 after acquiring an additional 159,003 shares during the last quarter. Institutional & Family Asset Management LLC purchased a new position in shares of Mplx during the 3rd quarter worth $2,444,000. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Mplx by 19.3% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 22,787,043 shares of the pipeline company’s stock worth $797,774,000 after acquiring an additional 3,681,395 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Mplx during the 3rd quarter worth $911,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Mplx during the 3rd quarter worth $193,000. Institutional investors and hedge funds own 64.33% of the company’s stock.
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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.
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