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.

Mplx (NYSE:MPLX) last announced 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. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.07 million. Mplx had a return on equity of 5.87% and a net margin of 16.79%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. research analysts forecast that Mplx Lp will post 1.05 EPS for the current year.

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.

TRADEMARK VIOLATION WARNING: This piece was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/traders-sell-shares-of-mplx-mplx-on-strength-mplx/1774764.html.

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.

Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.