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

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

Mplx Lp (NYSE MPLX) traded up 0.86% during midday trading on Friday, reaching $35.13. 2,939,930 shares of the company traded hands. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 41.97 and a beta of 1.36. The firm’s 50 day moving average price is $34.20 and its 200 day moving average price is $34.85. Mplx Lp has a 12 month low of $30.09 and a 12 month high of $39.43.

Mplx Lp (NYSE:MPLX) last issued its earnings results on Thursday, July 27th. The pipeline company reported $0.26 earnings per share 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 business had revenue of $916.00 million for the quarter, compared to analyst estimates of $884.70 million. During the same period in the previous year, the business earned ($0.11) EPS. The firm’s revenue was up 31.2% on a year-over-year basis. On average, analysts expect that Mplx Lp will post $0.96 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the company. Optimum Investment Advisors boosted its position 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 boosted its position 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 boosted its position 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 boosted its position 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 boosted its position 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.

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

Mplx Lp 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 Lp (NYSE:MPLX)

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