Mplx Sees Unusually High Options Volume (MPLX)

Mplx Lp (NYSE:MPLX) was the target of unusually large options trading activity on Friday. Traders acquired 1,039 put options on the company. This represents an increase of 261% compared to the typical volume of 288 put options.

A number of brokerages recently weighed in on MPLX. Royal Bank Of Canada restated a “buy” rating and set a $46.00 target price on shares of Mplx in a research report on Wednesday, November 15th. BidaskClub upgraded shares of Mplx from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. UBS AG upped their target price on shares of Mplx from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus dropped their target price on shares of Mplx from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Finally, Mizuho restated a “buy” rating and set a $40.00 target price on shares of Mplx in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $41.67.

In other Mplx news, VP Gregory Scott Floerke sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $34.69, for a total value of $138,760.00. Following the completion of the transaction, the vice president now directly owns 83,598 shares in the company, valued at $2,900,014.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP C Corwin Bromley sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $34.65, for a total transaction of $173,250.00. Following the completion of the transaction, the vice president now owns 123,705 shares of the company’s stock, valued at $4,286,378.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,000 shares of company stock valued at $415,670.

Several institutional investors and hedge funds have recently made changes to their positions in MPLX. Ffcm LLC purchased a new stake in shares of Mplx in the second quarter valued at $116,000. Pathstone Family Office LLC purchased a new stake in shares of Mplx in the second quarter valued at $119,000. Tower Research Capital LLC TRC purchased a new stake in shares of Mplx in the second quarter valued at $191,000. Saratoga Research & Investment Management purchased a new stake in shares of Mplx in the third quarter valued at $192,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Mplx in the third quarter valued at $193,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mplx (MPLX) opened at $35.45 on Monday. The stock has a market cap of $14,730.00, a price-to-earnings ratio of 38.96, a P/E/G ratio of 5.03 and a beta of 1.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.54. Mplx has a 12 month low of $30.88 and a 12 month high of $39.43.

Mplx (NYSE:MPLX) last announced its earnings results on Thursday, October 26th. The pipeline company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Mplx had a net margin of 16.79% and a return on equity of 5.87%. The business had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.07 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. equities analysts forecast that Mplx will post 1.01 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were paid a $0.5875 dividend. The ex-dividend date was Friday, November 3rd. This represents a $2.35 annualized dividend and a dividend yield of 6.63%. This is an increase from Mplx’s previous quarterly dividend of $0.56. Mplx’s dividend payout ratio is currently 258.24%.

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About Mplx

MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.

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