Mplx Lp (MPLX) Files Form 4 Insider Selling : Paula L Rosson Sells 12,267 Shares

Mplx Lp (MPLX): Paula L Rosson , Senior VP and CAO of Mplx Lp sold 12,267 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $33.38 per share for a total value of $409,472.47 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, Nancy Buese (Exec VP and CFO) sold 5,000 shares at $34.00 per share price.On May 24, 2016, C Corwin Bromley (Exec. VP and Gen Counsel) sold 2,500 shares at $34.00 per share price.Also, On Dec 8, 2015, Dan D Sandman (director) purchased 20,000 shares at $31.16 per share price.On Sep 14, 2015, C. Richard Wilson (director) purchased 4,000 shares at $45.67 per share price.

Shares of MPLX LP (MPLX) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.74 points or -2.20% at $32.89 with 8,91,457 shares getting traded. Post opening the session at $33.38, the shares hit an intraday low of $32.83 and an intraday high of $33.83 and the price vacillated in this range throughout the day. The company has a market cap of $11,158 M and the number of outstanding shares has been calculated to be 33,92,63,320 shares. The 52-week high of MPLX LP is $71.73 and the 52-week low is $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.

Leave a Reply

MPLX LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on MPLX LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.