Trade Report: The Mplx Lp (MPLX) COO Gregory Scott Floerke Sold 1,000 Shares

The Mplx Lp (MPLX) COO Gregory Scott Floerke Sold 1,000 Shares

Mplx Lp (NYSE:MPLX) COO Gregory Scott Floerke sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $31.00, for a total value of $31,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Mplx Lp (NYSE:MPLX) opened at 30.31 on Friday. The stock’s market cap is $10.17 billion. Mplx Lp has a 12-month low of $16.34 and a 12-month high of $45.63. The stock has a 50 day moving average price of $32.60 and a 200-day moving average price of $32.18.

Mplx Lp (NYSE:MPLX) last posted its earnings results on Thursday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.39. The firm had revenue of $564 million for the quarter, compared to the consensus estimate of $657.88 million. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue was up 161.1% compared to the same quarter last year. Equities analysts anticipate that Mplx Lp will post $0.21 EPS for the current fiscal year.

MPLX has been the subject of a number of recent analyst reports. Zacks Investment Research raised Mplx Lp from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday, July 27th. Jefferies Group initiated coverage on Mplx Lp in a report on Tuesday, August 23rd. They issued a “hold” rating and a $35.00 price objective for the company. FBR & Co assumed coverage on Mplx Lp in a report on Friday, September 9th. They issued a “market perform” rating and a $35.00 price objective for the company. Mizuho assumed coverage on Mplx Lp in a research note on Friday, September 30th. They set a “neutral” rating and a $35.00 price target for the company. Finally, Barclays PLC assumed coverage on Mplx Lp in a research note on Tuesday, July 19th. They set an “overweight” rating and a $42.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $36.11.

Several hedge funds have recently modified their holdings of MPLX. Advisory Services Network LLC raised its stake in shares of Mplx Lp by 8.5% in the second quarter. Advisory Services Network LLC now owns 3,282 shares of the company’s stock worth $110,000 after buying an additional 257 shares in the last quarter. MCF Advisors LLC raised its stake in shares of Mplx Lp by 1.6% in the second quarter. MCF Advisors LLC now owns 3,639 shares of the company’s stock worth $122,000 after buying an additional 57 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Mplx Lp during the second quarter worth $173,000. Advisor Group Inc. bought a new stake in shares of Mplx Lp during the second quarter worth $192,000. Finally, Proficio Capital Partners LLC raised its stake in shares of Mplx Lp by 28.4% in the second quarter. Proficio Capital Partners LLC now owns 5,832 shares of the company’s stock worth $194,000 after buying an additional 1,290 shares in the last quarter.

Mplx Lp Company Profile

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