November 23, 2016 - By Darrin Black
The well-informed person Frank Semple who is director of Mplx Lp sold 45,000 shares of the Ohio-based company having a market value of $1,530,000 USD based on a market stock price of $34.0 for each share. Frank is trying to silently decrease his company’s share, same as he did in the last 30 days. He sold another 45,000 shares worth $1,530,000 USD. Frank Semple possess about 0.18% of Mplx Lp’s stock market cap or 621,733 shares. Considering the size of the transaction, it is difficult to stay a secret.
Out of 15 analysts covering MPLX LP (NYSE:MPLX), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. $55 is the highest target while $26 is the lowest. The $36.64 average target is 8.34% above today’s ($33.82) stock price. MPLX LP has been the topic of 29 analyst reports since October 20, 2015 according to StockzIntelligence Inc. Jefferies upgraded the shares of MPLX in a report on Monday, October 31 to “Buy” rating. As per Tuesday, February 23, the company rating was initiated by Stifel Nicolaus. The firm earned “Sector Outperform” rating on Thursday, February 4 by Howard Weil. On Friday, September 30 the stock rating was initiated by Mizuho with “Neutral”. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, March 15. The firm earned “Mkt Perform” rating on Friday, September 9 by FBR Capital. The rating was initiated by RBC Capital Markets on Monday, May 2 with “Outperform”. The stock of MPLX LP (NYSE:MPLX) has “Overweight” rating given on Tuesday, July 19 by Barclays Capital. As per Monday, November 30, the company rating was initiated by Ladenburg Thalmann. Evercore upgraded the shares of MPLX in a report on Wednesday, November 11 to “Buy” rating.
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.25, from 1.04 in 2016Q1. The ratio improved, as 29 funds sold all MPLX LP shares owned while 75 reduced positions. 24 funds bought stakes while 84 increased positions. They now own 193.88 million shares or 5.29% less from 204.71 million shares in 2016Q1.
Moreover, Sandy Spring Natl Bank has 0% invested in MPLX LP (NYSE:MPLX) for 334 shares. Walnut Private Equity Partners Ltd Com has 0.65% invested in the company for 20,846 shares. Rockefeller last reported 1,288 shares in the company. Fayez Sarofim holds 0% of its portfolio in MPLX LP (NYSE:MPLX) for 5,995 shares. The Georgia-based Signaturefd Ltd has invested 0.03% in MPLX LP (NYSE:MPLX). Moreover, Silvercrest Asset Management Limited Liability Co has 0.13% invested in MPLX LP (NYSE:MPLX) for 293,262 shares. Nelson Van Denburg Campbell Wealth Mngmt Grp Limited Liability Company, a Nebraska-based fund reported 771 shares. Mai holds 134,737 shares or 0.35% of its portfolio. Ing Groep Nv has 5.24M shares for 2.37% of their US portfolio. The Kansas-based Samson Cap Mngmt Ltd Liability Co has invested 9.5% in MPLX LP (NYSE:MPLX). Clearbridge Invs Lc has invested 0.29% of its portfolio in MPLX LP (NYSE:MPLX). Eagle Advsrs Lc owns 107,364 shares or 0.11% of their US portfolio. Raymond James Fincl Service Advsrs last reported 0.04% of its portfolio in the stock. Barclays Public Limited Company holds 866,730 shares or 0.04% of its portfolio. Advantus Mgmt, a Minnesota-based fund reported 96,700 shares.
Insider Transactions: Since September 23, 2016, the stock had 0 buys, and 6 sales for $3.53 million net activity. $1.53M worth of MPLX LP (NYSE:MPLX) shares were sold by SEMPLE FRANK M. $492,200 worth of shares were sold by Buese Nancy on Friday, September 23. Another trade for 15,000 shares valued at $495,978 was made by NICKERSON RANDY S on Tuesday, November 15. Bromley C Corwin had sold 5,000 shares worth $160,120 on Monday, October 24.
About 532,319 shares traded hands. MPLX LP (NYSE:MPLX) has risen 2.89% since April 21, 2016 and is uptrending. It has underperformed by 2.44% the S&P500.
MPLX LP is a United States-based diversified master limited partnership company, which owns, operates, develops and acquires midstream energy infrastructure assets. The company has a market cap of $11.92 billion. The Firm 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. It currently has negative earnings. The Company’s divisions are Logistics and Storage (L&S) and Gathering and Processing (G&P).
According to Zacks Investment Research, “MPLX LP is a fee-based limited partnership formed to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets. The Company’s assets consist of a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. MPLX LP is based in Findlay, Ohio.”
Analysts await MPLX LP (NYSE:MPLX) to report earnings on February, 1. They expect $0.21 EPS, up 250.00% or $0.35 from last year’s $-0.14 per share. MPLX’s profit will be $74.02M for 40.26 P/E if the $0.21 EPS becomes a reality. After $0.21 actual EPS reported by MPLX LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
MPLX LP, incorporated on March 27, 2012, is a diversified master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Firm 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. The Company’s divisions are Logistics and Storage (L&S) and Gathering and Processing (G&P). It assets include infrastructure to support MPC, including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Firm owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities (tank farms) with approximately 4,530 thousand barrels (mbbls) of available storage capacity. It has multiple transportation and storage services agreements with MPC. The Firm also has long-term relationships with a set of producer clients in natural gas resource plays, including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale, Granite Wash formation and the Permian Basin.
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By Darrin Black