Mplx Target of Unusually High Options Trading (MPLX)
Mplx Lp (NYSE:MPLX) was the recipient of unusually large options trading on Monday. Stock traders acquired 25,067 put options on the stock. This represents an increase of 1,643% compared to the average volume of 1,438 put options.
Several brokerages have commented on MPLX. BidaskClub lowered Mplx from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Barclays restated a “buy” rating and set a $39.00 price target on shares of Mplx in a research note on Thursday, October 19th. Stifel Nicolaus dropped their price target on Mplx from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Zacks Investment Research lowered Mplx from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Scotiabank reiterated a “buy” rating and issued a $44.00 target price on shares of Mplx in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.91.
Shares of Mplx (MPLX) opened at $37.60 on Thursday. 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 has a 12 month low of $30.88 and a 12 month high of $39.43. The stock has a market capitalization of $15,393.72, a PE ratio of 40.72, a PEG ratio of 5.05 and a beta of 1.36.
Mplx (NYSE:MPLX) last posted its earnings results 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 return on equity of 5.87% and a net margin of 16.79%. The business had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.07 million. During the same quarter last year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. analysts expect that Mplx will post 1.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were paid a $0.5875 dividend. 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 6.25%. This is a positive change from Mplx’s previous quarterly dividend of $0.56. Mplx’s dividend payout ratio (DPR) is 258.24%.
In other Mplx news, VP C Corwin Bromley sold 5,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $34.65, for a total transaction of $173,250.00. Following the completion of the sale, the vice president now directly owns 123,705 shares in the company, valued at $4,286,378.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory Scott Floerke sold 2,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $37.00, for a total value of $74,000.00. Following the sale, the vice president now owns 77,598 shares of the company’s stock, valued at $2,871,126. The disclosure for this sale can be found here. Insiders have sold 13,000 shares of company stock worth $458,010 over the last quarter.
Several hedge funds have recently bought and sold shares of the company. Ffcm LLC acquired a new stake in Mplx during the 2nd quarter valued at approximately $116,000. Pathstone Family Office LLC acquired a new stake in Mplx during the 2nd quarter valued at approximately $119,000. Tower Research Capital LLC TRC acquired a new stake in Mplx during the 2nd quarter valued at approximately $191,000. Saratoga Research & Investment Management acquired a new stake in Mplx during the 3rd quarter valued at approximately $192,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Mplx during the 3rd quarter valued at approximately $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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