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

MPLX LP (MPLX) : The total negative money flow of $7.37 million on Tuesday indicates selling on strength. The inflow of money on upticks was $4.27 million, compared to $11.64 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.37. The negative money flow of $7.21 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.35 million in a block trade.The transaction value of block trade on downtick was $7.55 million. The uptick to downtick ratio was 0.05. The price action in the MPLX LP (MPLX) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $33.68 with a gain of $0.13 , a change of 0.39% over the previous days close. The stock registered 0.63% for the week.


Also, Jefferies initiates coverage on MPLX LP (NYSE:MPLX). The rating major has initiated the coverage with hold rating on the shares. The rating by the firm was issued on August 22, 2016.

Shares of MPLX LP rose by 0.9% in the last five trading days and 7.47% for the last 4 weeks. MPLX LP is up 2.65% in the last 3-month period. Year-to-Date the stock performance stands at -10.16%.

MPLX LP (NYSE:MPLX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.55 and $33.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.68, notching a gain of 0.39% for the day. The total traded volume was 942,376 . The stock had closed at $33.55 on the previous day.

In a related news,The officer (Senior VP and CAO) of Mplx Lp, Rosson Paula L sold 12,267 shares at $33.38 on July 1, 2016. The Insider selling transaction had a total value worth of $409,472. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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