Insider Selling: Mplx Lp (NYSE:MPLX) COO Sells $87,500.00 in Stock

Mplx Lp (NYSE:MPLXGet Rating) COO Gregory Scott Floerke sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $35.00, for a total transaction of $87,500.00. Following the completion of the transaction, the chief operating officer now owns 80,212 shares of the company’s stock, valued at approximately $2,807,420. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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.

Shares of MPLX stock opened at $33.92 on Friday. The company has a market cap of $34.59 billion, a price-to-earnings ratio of 11.86 and a beta of 1.68. Mplx Lp has a 52 week low of $26.01 and a 52 week high of $35.49. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average of $33.05 and a 200-day moving average of $31.49.

Mplx (NYSE:MPLXGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The pipeline company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.45 billion. Mplx had a net margin of 30.69% and a return on equity of 25.66%. The company’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. Analysts anticipate that Mplx Lp will post 3.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 14th. Investors of record on Friday, February 4th were given a $0.705 dividend. This represents a $2.82 annualized dividend and a yield of 8.31%. The ex-dividend date was Thursday, February 3rd. Mplx’s payout ratio is currently 98.60%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Capital Advisors Inc. acquired a new stake in Mplx in the 1st quarter valued at $10,576,000. Bogart Wealth LLC grew its position in Mplx by 37.3% in the 1st quarter. Bogart Wealth LLC now owns 7,935 shares of the pipeline company’s stock valued at $263,000 after purchasing an additional 2,156 shares during the period. HighTower Trust Services LTA grew its position in Mplx by 0.9% in the 1st quarter. HighTower Trust Services LTA now owns 44,299 shares of the pipeline company’s stock valued at $1,470,000 after purchasing an additional 401 shares during the period. First Heartland Consultants Inc. grew its position in Mplx by 3.2% in the 1st quarter. First Heartland Consultants Inc. now owns 20,388 shares of the pipeline company’s stock valued at $676,000 after purchasing an additional 626 shares during the period. Finally, Sigma Planning Corp acquired a new stake in Mplx in the 1st quarter valued at $554,000. 89.14% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on MPLX shares. StockNews.com started coverage on shares of Mplx in a report on Thursday, March 31st. They issued a “buy” rating for the company. Bank of America increased their target price on shares of Mplx from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, January 18th. Citigroup increased their target price on shares of Mplx from $32.00 to $36.00 in a research report on Wednesday, January 19th. Zacks Investment Research raised shares of Mplx from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, April 6th. Finally, Raymond James increased their target price on shares of Mplx from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mplx has an average rating of “Buy” and an average price target of $36.38.

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.

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