MPLX LP (NYSE:MPLX) : During the past 4 weeks, traders have been relatively bearish on MPLX LP (NYSE:MPLX), hence the stock is down -1.77% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.09% relative to the S&P 500. The stock has risen by 0.18% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.18% in the past 4 weeks.
The company shares have dropped -44.18% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $63.90 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $32.92 and the 200 Day Moving Average price is recorded at $30.02.
The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 1.88%.
MPLX LP (NYSE:MPLX): stock turned positive on Friday. Though the stock opened at $32.63, the bulls momentum made the stock top out at $33.34 level for the day. The stock recorded a low of $32.26 and closed the trading day at $32.95, in the green by 1.23%. The total traded volume for the day was 832,956. The stock had closed at $32.55 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Rosson Paula L, officer (Senior VP and CAO) of Mplx Lp, had unloaded 12,267 shares at an average price of $33.38 in a transaction dated on July 1, 2016. The total value of the transaction was worth $409,472.
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.