Traders Sell Shares of Mplx (MPLX) on Strength (MPLX)
Traders sold shares of Mplx Lp (NYSE:MPLX) on strength during trading hours on Monday. $15.84 million flowed into the stock on the tick-up and $93.36 million flowed out of the stock on the tick-down, for a money net flow of $77.52 million out of the stock. Of all companies tracked, Mplx had the 0th highest net out-flow for the day. Mplx traded up $0.47 for the day and closed at $36.58
A number of equities analysts have weighed in on the company. Guggenheim lowered Mplx from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research note on Monday. Scotiabank reiterated a “buy” rating and set a $44.00 price objective on shares of Mplx in a research note on Wednesday, October 4th. UBS boosted their price objective on Mplx from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. BidaskClub upgraded Mplx from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research cut Mplx from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $41.55.
The company has a market capitalization of $15,194.34, a PE ratio of 40.20, a PEG ratio of 4.99 and a beta of 1.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.54.
In other Mplx news, VP Gregory Scott Floerke sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $34.69, for a total value of $138,760.00. Following the sale, the vice president now owns 83,598 shares of the company’s stock, valued at $2,900,014.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 8,000 shares of company stock worth $284,760.
Institutional investors have recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new stake in shares of Mplx during the second quarter worth $2,971,000. First Trust Advisors LP purchased a new stake in shares of Mplx during the second quarter worth $5,064,000. Spirit of America Management Corp NY increased its position in shares of Mplx by 8.4% during the third quarter. Spirit of America Management Corp NY now owns 739,479 shares of the pipeline company’s stock worth $25,889,000 after acquiring an additional 57,400 shares during the period. Heronetta Management L.P. increased its position in shares of Mplx by 6.7% during the third quarter. Heronetta Management L.P. now owns 262,837 shares of the pipeline company’s stock worth $9,202,000 after acquiring an additional 16,400 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Mplx by 23.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 29,022 shares of the pipeline company’s stock worth $969,000 after acquiring an additional 5,513 shares during the period. 64.29% of the stock is currently owned by institutional investors and hedge funds.
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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