Large Outflow of Money Witnessed in MPLX LP

MPLX LP (MPLX) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.51 million) in MPLX LP (MPLX). On Wednesday, The value of composite uptick trades was $1.82 million, whereas, the value of composite downtick trades was $3.33 million and the ratio between the two was 0.55, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.88 million. The negative money flow of ($0.88 million) shows selling on strength. MPLX LP (MPLX) gained $0.03 intraday at $32.35 and registrered 0.09% for the week.


Shares of MPLX LP appreciated by 1.1% during the last five trading days but lost 1.46% on a 4-week basis. MPLX LP has dropped 0.28% during the last 3-month period . Year-to-Date the stock performance stands at -11.81%.

MPLX LP (MPLX) : 12 analysts are covering MPLX LP (MPLX) and their average rating on the stock is 2.25, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. MPLX LP (MPLX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

MPLX LP (NYSE:MPLX): The stock opened at $32.64 and touched an intraday high of $33.17 on Wednesday. During the day, the stock corrected to an intraday low of $32.03, however, the bulls stepped in and pushed the price higher to close in the green at $33.06 with a gain of 2.29% for the day. The total traded volume for the day was 1,135,058. The stock had closed at $32.32 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *