Investors Sell Shares of Mplx (MPLX) on Strength (MPLX)

Traders sold shares of Mplx Lp (NYSE:MPLX) on strength during trading on Friday. $14.22 million flowed into the stock on the tick-up and $26.48 million flowed out of the stock on the tick-down, for a money net flow of $12.26 million out of the stock. Of all stocks tracked, Mplx had the 0th highest net out-flow for the day. Mplx traded up $0.27 for the day and closed at $36.13

A number of analysts have issued reports on MPLX shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of Mplx in a report on Wednesday, November 15th. Scotiabank reaffirmed a “buy” rating and set a $44.00 price target on shares of Mplx in a report on Wednesday, October 4th. Zacks Investment Research downgraded Mplx from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. UBS lifted their price target on Mplx from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Barclays reaffirmed a “buy” rating and set a $39.00 price target on shares of Mplx in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $41.67.

The stock has a market capitalization of $15,007.43, a price-to-earnings ratio of 39.70, a PEG ratio of 4.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.54 and a quick ratio of 0.48.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Thursday, October 26th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Mplx had a return on equity of 5.87% and a net margin of 16.79%. The company had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.07 million. During the same period in the previous year, the business earned $0.21 EPS. Mplx’s revenue for the quarter was up 16.9% on a year-over-year basis. sell-side analysts predict that Mplx Lp will post 1.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were issued a $0.5875 dividend. This is an increase from Mplx’s previous quarterly dividend of $0.56. This represents a $2.35 annualized dividend and a dividend yield of 6.50%. The ex-dividend date was Friday, November 3rd. Mplx’s payout ratio is presently 258.24%.

In other news, VP Gregory Scott Floerke sold 4,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $34.69, for a total value of $138,760.00. Following the completion of the sale, the vice president now directly owns 83,598 shares of the company’s stock, valued at approximately $2,900,014.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP C Corwin Bromley sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $34.50, for a total value of $86,250.00. Following the completion of the sale, the vice president now directly owns 123,705 shares of the company’s stock, valued at $4,267,822.50. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $415,670 over the last three months.

Institutional investors have recently bought and sold shares of the company. Ffcm LLC purchased a new stake in shares of Mplx in the 2nd quarter valued at about $116,000. Pathstone Family Office LLC purchased a new stake in shares of Mplx in the 2nd quarter valued at about $119,000. Tower Research Capital LLC TRC purchased a new stake in shares of Mplx in the 2nd quarter valued at about $191,000. Saratoga Research & Investment Management purchased a new stake in shares of Mplx in the 3rd quarter valued at about $192,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Mplx in the 3rd quarter valued at about $193,000. 64.29% of the stock is owned by institutional investors and hedge funds.

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About Mplx

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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