MPLX LP Could Decline a Lot According to The Today’s Call Option Activity

 MPLX LP Could Decline a Lot According to The Today's Call Option Activity

In today’s session MPLX LP (MPLX) recorded an unusually high (540) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious MPLX decrease. With 540 contracts traded and 13244 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: MPLX180119P00030000 closed last at: $3.9 or 5.4% up. The stock increased 0.69% or $0.23 on November 23, hitting $33.73. About 1.16M shares traded hands. MPLX LP (NYSE:MPLX) has risen 1.96% since April 22, 2016 and is uptrending. It has underperformed by 3.44% the S&P500.

Analysts await MPLX LP (NYSE:MPLX) to report earnings on February, 1. They expect $0.21 earnings per share, up 250.00% or $0.35 from last year’s $-0.14 per share. MPLX’s profit will be $73.96 million for 40.15 P/E if the $0.21 EPS becomes a reality. After $0.21 actual earnings per share reported by MPLX LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

MPLX LP (NYSE:MPLX) Ratings Coverage

Out of 15 analysts covering MPLX LP (NYSE:MPLX), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. MPLX LP has been the topic of 29 analyst reports since October 20, 2015 according to StockzIntelligence Inc. Barclays Capital initiated MPLX LP (NYSE:MPLX) rating on Tuesday, July 19. Barclays Capital has “Overweight” rating and $42 price target. Raymond James upgraded the shares of MPLX in a report on Monday, October 31 to “Strong Buy” rating. On Friday, February 19 the stock rating was initiated by Goldman Sachs with “Buy”. The rating was upgraded by Jefferies to “Buy” on Monday, October 31. Ladenburg Thalmann initiated the stock with “Buy” rating in Monday, November 30 report. The stock of MPLX LP (NYSE:MPLX) has “Outperform” rating given on Friday, April 29 by Credit Suisse. RBC Capital Markets initiated it with “Outperform” rating and $45 target price in Monday, May 2 report. The firm has “Hold” rating by Jefferies given on Tuesday, August 23. The rating was maintained by Deutsche Bank on Tuesday, March 15 with “Buy”. The company was maintained on Tuesday, May 3 by Ladenburg Thalmann.

According to Zacks Investment Research, “MPLX LP is a fee-based limited partnership formed to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets. The Company’s assets consist of a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. MPLX LP is based in Findlay, Ohio.”

Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.25, from 1.04 in 2016Q1. The ratio is positive, as 29 funds sold all MPLX LP shares owned while 75 reduced positions. 24 funds bought stakes while 84 increased positions. They now own 193.88 million shares or 5.29% less from 204.71 million shares in 2016Q1.
Jacobus Wealth Mngmt holds 0.08% or 7,745 shares in its portfolio. Yorkville Ltd Liability holds 4.64% or 129,535 shares in its portfolio. Nuveen Asset Llc has invested 0.01% of its portfolio in MPLX LP (NYSE:MPLX). Spot Trading Limited Liability Co accumulated 15,669 shares or 0.01% of the stock. Advisory Ltd Co accumulated 0.03% or 3,282 shares. Moreover, Hodges has 0.01% invested in MPLX LP (NYSE:MPLX) for 6,590 shares. Northeast Consultants holds 0.24% or 16,279 shares in its portfolio. Moreover, Clearbridge Invs Limited Liability has 0.29% invested in MPLX LP (NYSE:MPLX) for 7.25 million shares. Advantus Capital Management Inc last reported 96,700 shares in the company. Catawba Mgmt Va holds 0.05% or 5,955 shares in its portfolio. E&G Advsrs Limited Partnership holds 7,412 shares or 0.15% of its portfolio. Creative Planning holds 21,203 shares or 0.01% of its portfolio. Hightower Lc has 0.07% invested in the company for 171,642 shares. Cambridge Research Incorporated last reported 0.01% of its portfolio in the stock. M&T Bancshares reported 67,417 shares or 0.02% of all its holdings.

Insider Transactions: Since September 23, 2016, the stock had 0 insider buys, and 7 sales for $5.06 million net activity. 45,000 shares were sold by SEMPLE FRANK M, worth $1.53 million. Bromley C Corwin had sold 5,000 shares worth $160,120 on Monday, October 24. NICKERSON RANDY S had sold 15,000 shares worth $495,978 on Tuesday, November 15. Buese Nancy also sold $492,200 worth of MPLX LP (NYSE:MPLX) shares.

MPLX LP is a United States-based diversified master limited partnership company, which owns, operates, develops and acquires midstream energy infrastructure assets. The company has a market cap of $11.88 billion. The Firm 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. It currently has negative earnings. The Company’s divisions are Logistics and Storage (L&S) and Gathering and Processing (G&P).

MPLX Company Profile

MPLX LP, incorporated on March 27, 2012, is a diversified master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Firm 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. The Company’s divisions are Logistics and Storage (L&S) and Gathering and Processing (G&P). It assets include infrastructure to support MPC, including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Firm owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities (tank farms) with approximately 4,530 thousand barrels (mbbls) of available storage capacity. It has multiple transportation and storage services agreements with MPC. The Firm also has long-term relationships with a set of producer clients in natural gas resource plays, including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale, Granite Wash formation and the Permian Basin.

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