Mplx Lp (MPLX): Nancy Buese , Exec VP and CFO of Mplx Lp sold 15,000 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $32.86 per share for a total value of $492,200.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Paula L Rosson (Senior VP and CAO) sold 12,267 shares at $33.38 per share price.On May 24, 2016, Nancy Buese (Exec VP and CFO) sold 5,000 shares at $34.00 per share price.Also, On May 24, 2016, C Corwin Bromley (Exec. VP and Gen Counsel) sold 2,500 shares at $34.00 per share price.On Dec 8, 2015, Dan D Sandman (director) purchased 20,000 shares at $31.16 per share price.
MPLX LP: On Thursday, Sep 22, 2016 heightened volatility was witnessed in MPLX LP which led to swings in the share price. The shares opened for trading at $32.99 and hit $33.3137 on the upside , eventually ending the session at $33.03, with a gain of 1.01% or 0.33 points. The heightened volatility saw the trading volume jump to 8,73,481 shares. The 52-week high of the share price is $45.63 and the company has a market cap of $11,218 M . The 52-week low of the share price is at $16.34.
Company has been under the radar of several Street Analysts.MPLX LP is Initiated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $35. The Rating was issued on Sep 9, 2016.MPLX LP is Initiated by Jefferies to Hold and the brokerage firm has set the Price Target at $35. The Rating was issued on Aug 23, 2016.MPLX LP is Resumed by Barclays to Overweight and the brokerage firm has set the Price Target at $42. The Rating was issued on Jul 19, 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 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.