Mplx Lp (NYSE:MPLX) VP Gregory Scott Floerke sold 2,000 shares of Mplx stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.00, for a total value of $72,000.00. Following the completion of the sale, the vice president now directly owns 79,598 shares in the company, valued at approximately $2,865,528. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value of $138,760.00.

Mplx Lp (NYSE MPLX) traded up $0.27 during trading hours on Monday, hitting $36.13. The company’s stock had a trading volume of 2,490,100 shares, compared to its average volume of 1,409,481. The firm has a market cap of $15,007.43, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 4.95 and a beta of 1.36. Mplx Lp has a 52-week low of $30.88 and a 52-week high of $39.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.54 and a quick ratio of 0.48.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Thursday, October 26th. The pipeline company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Mplx had a return on equity of 5.87% and a net margin of 16.79%. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.07 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis. equities research analysts forecast that Mplx Lp will post 1.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were paid a dividend of $0.5875 per share. This is an increase from Mplx’s previous quarterly dividend of $0.56. This represents a $2.35 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend was Friday, November 3rd. Mplx’s payout ratio is currently 258.24%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ffcm LLC bought a new position in shares of Mplx during the 2nd quarter worth approximately $116,000. Pathstone Family Office LLC bought a new position in shares of Mplx during the 2nd quarter worth approximately $119,000. Tower Research Capital LLC TRC bought a new position in shares of Mplx during the 2nd quarter worth approximately $191,000. Saratoga Research & Investment Management bought a new position in shares of Mplx during the 3rd quarter worth approximately $192,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Mplx during the 3rd quarter worth approximately $193,000. Institutional investors own 64.33% of the company’s stock.

A number of brokerages recently issued reports on MPLX. Stifel Nicolaus dropped their target price on Mplx from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. BidaskClub raised Mplx from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. Jefferies Group lowered their price target on Mplx from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Mizuho reaffirmed a “buy” rating and set a $40.00 price target on shares of Mplx in a research report on Friday, October 20th. Finally, Barclays reaffirmed a “buy” rating and set a $39.00 price target on shares of Mplx in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $41.67.

WARNING: “Mplx Lp (MPLX) VP Sells $72,000.00 in Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/04/mplx-lp-mplx-vp-sells-72000-00-in-stock.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.

Insider Buying and Selling by Quarter for Mplx (NYSE:MPLX)

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