Gregory Scott Floerke Sells 2,500 Shares of Mplx Lp (NYSE:MPLX) 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 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 in the company, valued at $2,807,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $33.20, for a total transaction of $83,000.00.

MPLX traded down $0.20 during trading on Thursday, hitting $34.84. The stock had a trading volume of 89,682 shares, compared to its average volume of 2,262,632. The company has a market capitalization of $35.53 billion, a PE ratio of 12.33 and a beta of 1.68. Mplx Lp has a twelve month low of $25.85 and a twelve month high of $35.28. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.41 and a current ratio of 0.45. The stock has a 50 day simple moving average of $33.01 and a two-hundred day simple moving average of $31.42.

Mplx (NYSE:MPLXGet Rating) last announced its earnings results on Wednesday, February 2nd. The pipeline company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Mplx had a net margin of 30.69% and a return on equity of 25.66%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the firm earned $0.63 earnings per share. Mplx’s revenue was up 21.6% compared to the same quarter last year. On average, equities research analysts anticipate that Mplx Lp will post 3.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 14th. Investors of record on Friday, February 4th were paid a $0.705 dividend. The ex-dividend date of this dividend was Thursday, February 3rd. This represents a $2.82 dividend on an annualized basis and a yield of 8.09%. Mplx’s dividend payout ratio (DPR) is 98.60%.

MPLX has been the topic of a number of research reports. Raymond James raised their target price on shares of Mplx from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com initiated coverage on shares of Mplx in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Mplx from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, April 6th. Barclays lifted their price objective on shares of Mplx from $34.00 to $35.00 in a report on Thursday, January 20th. Finally, Bank of America lifted their price objective 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mplx presently has an average rating of “Buy” and a consensus price target of $36.38.

Institutional investors have recently bought and sold shares of the business. HighTower Trust Services LTA increased its holdings in shares of Mplx by 0.9% in the first 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. increased its holdings in shares of Mplx by 3.2% in the first 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. Sigma Planning Corp acquired a new position in shares of Mplx in the first quarter valued at about $554,000. Adams Asset Advisors LLC increased its holdings in shares of Mplx by 4.2% in the first quarter. Adams Asset Advisors LLC now owns 183,015 shares of the pipeline company’s stock valued at $6,072,000 after purchasing an additional 7,432 shares during the period. Finally, KMG Fiduciary Partners LLC increased its holdings in shares of Mplx by 250.7% in the first quarter. KMG Fiduciary Partners LLC now owns 28,720 shares of the pipeline company’s stock valued at $953,000 after purchasing an additional 20,531 shares during the period. Institutional investors and hedge funds own 89.14% of the company’s stock.

Mplx Company Profile (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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