Mplx Lp (NYSE:MPLX) VP C Corwin Bromley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $34.50, for a total value of $86,250.00. Following the transaction, the vice president now directly owns 123,705 shares of the company’s stock, valued at $4,267,822.50. The sale was disclosed in a filing with the SEC, which is available at this link.

C Corwin Bromley also recently made the following trade(s):

  • On Thursday, September 14th, C Corwin Bromley sold 500 shares of Mplx Lp stock. The stock was sold at an average price of $34.82, for a total value of $17,410.00.
  • On Friday, September 15th, C Corwin Bromley sold 5,000 shares of Mplx Lp stock. The stock was sold at an average price of $34.65, for a total value of $173,250.00.

Mplx Lp (NYSE MPLX) traded up 0.86% during midday trading on Friday, hitting $35.13. The stock had a trading volume of 2,939,930 shares. Mplx Lp has a one year low of $30.09 and a one year high of $39.43. The stock has a market cap of $13.65 billion, a PE ratio of 41.97 and a beta of 1.36. The firm has a 50 day moving average price of $34.23 and a 200 day moving average price of $34.87.

Mplx Lp (NYSE:MPLX) last announced its earnings results on Thursday, July 27th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. Mplx Lp had a net margin of 19.07% and a return on equity of 6.13%. The company had revenue of $916.00 million for the quarter, compared to the consensus estimate of $884.70 million. During the same period in the previous year, the business earned ($0.11) EPS. The company’s revenue was up 31.2% on a year-over-year basis. Equities analysts expect that Mplx Lp will post $0.96 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Optimum Investment Advisors grew its holdings in shares of Mplx Lp by 0.3% during the 2nd quarter. Optimum Investment Advisors now owns 7,654 shares of the pipeline company’s stock valued at $256,000 after acquiring an additional 21 shares in the last quarter. CNH Partners LLC grew its holdings in shares of Mplx Lp by 0.4% during the 2nd quarter. CNH Partners LLC now owns 23,115 shares of the pipeline company’s stock valued at $772,000 after acquiring an additional 100 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Mplx Lp by 0.3% during the 2nd quarter. M&T Bank Corp now owns 59,573 shares of the pipeline company’s stock valued at $1,990,000 after acquiring an additional 166 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Mplx Lp by 2.3% during the 2nd quarter. Advisory Services Network LLC now owns 9,363 shares of the pipeline company’s stock valued at $313,000 after acquiring an additional 213 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Mplx Lp by 2.8% during the 2nd quarter. Keybank National Association OH now owns 8,980 shares of the pipeline company’s stock valued at $300,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 66.17% of the company’s stock.

MPLX has been the subject of a number of analyst reports. BidaskClub raised Mplx Lp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC dropped their price objective on Mplx Lp from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, August 28th. Zacks Investment Research downgraded Mplx Lp from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $42.00 price objective (down from $43.00) on shares of Mplx Lp in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mplx Lp in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $42.25.

About Mplx Lp

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 Lp (NYSE:MPLX)

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