Mplx Lp (NYSE:MPLX – Get Rating) COO Gregory Scott Floerke sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $35.00, for a total transaction of $87,500.00. Following the transaction, the chief operating officer now directly owns 80,212 shares of the company’s stock, valued at $2,807,420. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Gregory Scott Floerke also recently made the following trade(s):
- On Monday, February 7th, Gregory Scott Floerke sold 2,500 shares of Mplx stock. The shares were sold at an average price of $33.20, for a total transaction of $83,000.00.
MPLX opened at $33.92 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $34.59 billion, a PE ratio of 11.86 and a beta of 1.68. Mplx Lp has a 1-year low of $26.01 and a 1-year high of $35.49. The firm has a 50-day moving average price of $33.05 and a two-hundred day moving average price of $31.49.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 14th. Stockholders of record on Friday, February 4th were given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 8.31%. The ex-dividend date was Thursday, February 3rd. Mplx’s dividend payout ratio is 98.60%.
Several brokerages recently issued reports on MPLX. StockNews.com began coverage on shares of Mplx in a report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research raised shares of Mplx from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, April 6th. Raymond James lifted their price target on shares of Mplx from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays lifted their price target on shares of Mplx from $34.00 to $35.00 in a report on Thursday, January 20th. Finally, Bank of America lifted their price target on shares of Mplx from $39.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, January 18th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Mplx presently has an average rating of “Buy” and a consensus price target of $36.38.
Several large investors have recently modified their holdings of the company. LPL Financial LLC grew its holdings in Mplx by 13.5% during the third quarter. LPL Financial LLC now owns 122,639 shares of the pipeline company’s stock valued at $3,492,000 after purchasing an additional 14,622 shares during the period. Credit Suisse AG grew its holdings in Mplx by 697.5% during the third quarter. Credit Suisse AG now owns 182,032 shares of the pipeline company’s stock valued at $5,183,000 after purchasing an additional 159,207 shares during the period. Pacer Advisors Inc. grew its holdings in Mplx by 1.6% during the fourth quarter. Pacer Advisors Inc. now owns 21,153 shares of the pipeline company’s stock valued at $626,000 after purchasing an additional 330 shares during the period. Lindbrook Capital LLC acquired a new position in Mplx during the fourth quarter valued at approximately $974,000. Finally, Claybrook Capital LLC acquired a new position in Mplx during the third quarter valued at approximately $343,000. Institutional investors own 89.14% of the company’s stock.
About Mplx (Get Rating)
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate.
- Get a free copy of the StockNews.com research report on Mplx (MPLX)
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