Mplx Lp (MPLX) Files Form 4 Insider Selling : C Corwin Bromley Sells 5,000 Shares

Mplx Lp (MPLX): C Corwin Bromley , Exec. VP and Gen Counsel of Mplx Lp sold 5,000 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $29.58 per share for a total value of $147,900.00 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.MPLX LP is Initiated by Stifel to Hold. The Rating was issued on Feb 23, 2016.MPLX LP is Initiated by Goldman to Buy and the brokerage firm has set the Price Target at $30. The Rating was issued on Feb 19, 2016.MPLX LP is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 32 from a previous price target of $50 . The Rating was issued on Feb 4, 2016.MPLX LP is Reiterated by Scotia Howard Weil to Sector Outperform while Lowering the Price Target of the company shares to $ 29 from a previous price target of $51 . The Rating was issued on Feb 4, 2016.

Institutional Investors own 67.04% of MPLX LP shares.During last six month period, the net percent change held by insiders has seen a change of 69.43%.

MPLX LP: On Monday, Apr 11, 2016 heightened volatility was witnessed in MPLX LP which led to swings in the share price. The shares opened for trading at $29.16 and hit $30.8595 on the upside , eventually ending the session at $29.66, with a gain of 2.31% or 0.67 points. The heightened volatility saw the trading volume jump to 10,21,387 shares. The 52-week high of the share price is $80 and the company has a market cap of $9,037 M . The 52-week low of the share price is at $16.34.

MPLX LP Money Flow Index Chart

MPLX LP is a fee-based master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own operate develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil refined products and other hydrocarbon-based products. The Company’s assets include interest in a network of common carrier crude oil and product pipeline systems and storage assets in the Midwest and Gulf Coast regions of the United States. It has interest in a butane cavern in Neal West Virginia with one million barrels of natural gas liquids storage capacity. It charges tariff for transporting crude oil refined products and other hydrocarbon-based products through its pipelines and at its barge dock and fees for storing crude oil and products at its storage facilities. It also operates additional crude oil and product pipelines owned by MPC and third parties for which the Company is paid operating fees. It also has interest in Pipe Line Holdings.

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