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

MPLX LP (MPLX): The stock had negative money flow to the tune of ($5.96 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $6.06 million, whereas, the outflow of money on downticks was $12.02 million and the ratio between the two was 0.5. The block trade had a negative net money flow of ($6.17 million). On the other hand, downticks amounted to $6.17 million of the traded value, which shows distribution in the stock by traders. MPLX LP (MPLX) closed with marginal gains of 95 cents to end the day at $32.55, an increase of 3.01% over the previous days close. The stock recorded -1.03% for the week.


MPLX LP (MPLX) : Currently there are 8 street experts covering MPLX LP (MPLX) stock. The most bullish and bearish price target for the stock is $46 and $34 respectively for the short term. The average price target of all the analysts comes to $38.75. The estimated standard deviation from the target is $4.62. The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 0.74%.

MPLX LP (NYSE:MPLX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.91 and $31.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.55, notching a gain of 3.01% for the day. The total traded volume was 1,015,248 . The stock had closed at $31.60 on the previous day.

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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