Barclays Assumes MPLX LP to Overweight

Brokerage firm Barclays Assumes its rating on MPLX LP(NYSE:MPLX). The shares have been rated Overweight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Mar 15, 2016, Deutsche Bank said it Maintains its rating on MPLX LP. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Buy’ by the firm. Stifel Nicolaus said it Initiates Coverage on MPLX LP, according to a research note issued on Feb 23, 2016. The shares have been rated ‘Hold’ by the firm. Goldman Sachs said it Initiates Coverage on MPLX LP, according to a research note issued on Feb 19, 2016. The shares have been rated ‘Buy’ by the firm. On Feb 4, 2016, Barclays said it Maintains its rating on MPLX LP. In the research note, the firm Lowers the price-target to $50.00 per share. The shares have been rated ‘Overweight’ by the firm.

MPLX LP (MPLX) shares turned negative on Fridays trading session with the shares closing down -0.24 points or -0.80% at a volume of 14,61,726. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.84. The peak price level was also seen at $30.84 while the days lowest was $29.01. Finally the shares closed at $29.58. The 52-week high of the shares is $80 while the 52-week low is $16.34. According to the latest information available, the market cap of the company is $9,012 M.

MPLX LP(MPLX) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $269.00M. Analysts had an estimated revenue of $146.50M. Earnings per share were $-0.14. Analysts had estimated an EPS of $0.32.

Several Insider Transactions has been reported to the SEC. On Dec 8, 2015, Dan D Sandman (director) purchased 20,000 shares at $31.16 per share price.Also, On Sep 14, 2015, C. Richard Wilson (director) purchased 4,000 shares at $45.67 per share price.On Aug 31, 2015, Timothy T. Griffith (CFO) purchased 1,000 shares at $50.26 per share price, according to the Form-4 filing with the securities and exchange commission.

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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