Mplx Lp (MPLX) VP Gregory Scott Floerke Sells 2,000 Shares
Mplx Lp (NYSE:MPLX) VP Gregory Scott Floerke sold 2,000 shares of the business’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 in the company, valued at approximately $2,871,126. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gregory Scott Floerke also recently made the following trade(s):
- On Thursday, November 30th, Gregory Scott Floerke sold 2,000 shares of Mplx stock. The stock was sold at an average price of $36.00, for a total value of $72,000.00.
- On Monday, November 20th, Gregory Scott Floerke sold 4,000 shares of Mplx stock. The stock was sold at an average price of $34.69, for a total value of $138,760.00.
Shares of Mplx Lp (NYSE:MPLX) traded down $1.83 during midday trading on Friday, reaching $36.11. The company had a trading volume of 6,546,911 shares, compared to its average volume of 1,441,874. The stock has a market capitalization of $15,759.25, a price-to-earnings ratio of 41.69, a P/E/G ratio of 5.17 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 current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68.
Mplx (NYSE:MPLX) last released its quarterly earnings data on Thursday, October 26th. The pipeline company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Mplx had a return on equity of 4.45% and a net margin of 22.14%. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.07 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. sell-side analysts anticipate that Mplx Lp will post 1.05 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Ffcm LLC purchased a new stake in Mplx in the 2nd quarter worth approximately $116,000. Pathstone Family Office LLC purchased a new stake in Mplx in the 2nd quarter worth approximately $119,000. Tower Research Capital LLC TRC purchased a new stake in Mplx in the 2nd quarter worth approximately $191,000. Saratoga Research & Investment Management purchased a new stake in Mplx in the 3rd quarter worth approximately $192,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Mplx in the 3rd quarter worth approximately $193,000. Institutional investors and hedge funds own 64.33% of the company’s stock.
A number of equities research analysts recently commented on MPLX shares. Royal Bank of Canada reiterated a “buy” rating and issued a $46.00 target price on shares of Mplx in a research report on Wednesday, November 15th. UBS upped their target price on Mplx from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Scotiabank reiterated a “buy” rating and issued a $44.00 target price on shares of Mplx in a research report on Wednesday, October 4th. Zacks Investment Research lowered Mplx from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, BidaskClub lowered Mplx from a “sell” rating to a “strong sell” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. Mplx currently has a consensus rating of “Buy” and an average price target of $41.91.
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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