Shares of MPLX LP (NYSE:MPLX) Sees Large Outflow of Money

MPLX LP (NYSE:MPLX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($8.55 million) and the uptick to downtick ratio was 0.39. The transaction value on upticks was $5.47 million and on downticks, the transaction value was $14.02 million. The transaction value of block trades during downticks was $8.75 million. The money flow was negative ($8.75 million), indicating the traders were booking profit on the price strength. MPLX LP (NYSE:MPLX) rose $1.05 at $33.67, during intraday Wednesday , a rise of 3.22% over the previous days close.


In an insider trading activity,The officer (Exec VP and CFO) of Mplx Lp, Buese Nancy sold 5,000 shares at $34 on May 23, 2016. The Insider selling transaction had a total value worth of $170,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. In the past twelve weeks, the net percent change held by company insiders has changed by -3.58% . Institutional Investors own 62.92% of MPLX LP shares. During last six month period, the net percent change held by insiders has seen a change of -3.58%.

The company shares have dropped -52.48% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $71.73 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $32.58 and the 200 Day Moving Average price is recorded at $29.95. MPLX LP (NYSE:MPLX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.99 and $32.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.67, notching a gain of 3.22% for the day. The total traded volume was 987,638 . The stock had closed at $32.62 on the previous day.

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 Companys 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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