Mplx Lp (MPLX) Files Form 4 Insider Selling : C Corwin Bromley Sells 2,500 Shares

Mplx Lp (MPLX): C Corwin Bromley , Exec. VP and Gen Counsel of Mplx Lp sold 2,500 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $34.00 per share for a total value of $85,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 13, 2016, C Corwin Bromley (Exec. VP and Gen Counsel) sold 5,000 shares at $29.58 per share price.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.

MPLX LP: On Friday, May 20, 2016 heightened volatility was witnessed in MPLX LP which led to swings in the share price. The shares opened for trading at $31.91 and hit $33.67 on the upside , eventually ending the session at $33.17, with a gain of 4.60% or 1.46 points. The heightened volatility saw the trading volume jump to 12,70,758 shares. The 52-week high of the share price is $76.2923 and the company has a market cap of $11,253 M . The 52-week low of the share price is at $16.34.

MPLX LP Money Flow Index Chart

Company has been under the radar of several Street Analysts.MPLX LP is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $45. The Rating was issued on May 2, 2016.MPLX LP is Upgraded by Credit Suisse to Outperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 29, 2016.MPLX LP is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $36. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 29, 2016.MPLX LP is Initiated by Raymond James to Mkt Perform. The Rating was issued on Apr 21, 2016.

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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MPLX LP - Is it time to Sell?

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