Beware The High Valuation: MPLX LP (MPLX), Citigroup Inc. (C)

Floerke Gregory Scott, Exec VP MarkWest Opr, sold 2,000 shares of the MPLX LP (NYSE:MPLX) in an exchange that happened on December 11th, 2018. The stock was sold at an average price of $37.00 per share, amounting to a transaction worth $74,000. The sale was made public in a document filed with the SEC. Additionally, Exec VP MarkWest Opr Floerke Gregory Scott sold 2,000 shares of this stock in a transaction that took place on November 30th, 2018. The stock was sold at an average price of $36.00 per share, for a total exchange amounting to $72,000. After the transaction, the Exec VP MarkWest Opr Floerke Gregory Scott currently holds 79,598 shares of the company’s stock, which is worth approximately $2707924.

With this stock price’s latest movement, it is now -13.61% away from its 1-year high and 7.66% higher than its 1-year low price. In the past seven days, the stock price volatility for MPLX LP was 2.95%, whereas its volatility in the past 30 days has been 2.80%. This public company’s stock also has a beta score of 1.28. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

MPLX LP (NYSE:MPLX) most recently published its quarterly earnings results. The firm posted $0.62 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $0.58 by $0.04. The publicly-traded organization reported revenue of $1,712.00 million for the quarter, compared to the average analyst forecast calling for $1,624.15 million, which was surpassing the analyst consensus estimate.

Shares of MPLX LP (MPLX) surged 0.06%, amounting to a gain of $0.020000000000003 per share, to finish the regular trading session at $34.02 on Wednesday 11/07/2018. After beginning the session at $34.36, shares of MPLX LP reached as high as $34.48 during the day, while hitting a 1-day low of $33.7. Trade volume reached 1,926,512 shares against this stock’s average daily volume of 1.57M shares, with a total float of 173.94M. As a consequence of the price increase, MPLX LP now has a current market value of 28.24B.

Citigroup Inc. (NYSE:C) added 2.37% to its trading price by the close of the most recent session, jumping from its previous closing price of $66.68 to $68.26. This stock decreased in value by 4.28% during the last 7-day period, and experienced a gain of -5.05% over the past 30-day period. In the past three months, this stock’s price lost by -5.17% , and subtracted -5.94% to its price during the last six months of trading. C demonstrated a yearly price loss of -6.12% , while its year-to-date (YTD) price performance has been down -8.27% . This stock’s price changed by +8.04% compared to its 90-day low, and moved down -9.28% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the C stock as “Sell”. In the short-term, Citigroup Inc. (C) has a 20-day average volume of 20,359,580 shares and short-term indicators sets the C stock as “ 40% Buy ” on average basis. In the medium-term, C stock has a 50-Day average volume of 16,811,807 shares and medium-term indicators gave the average rating of “ 25% Sell ”, while in the long-term period the FB stock has a 100-Day average volume of 15,993,545 shares. On average, long-term indicators rated the stock as “0% Hold ”. The overall picture from all short, medium and long-term indicators sets the C stock as “Hold Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.” on average basis.

Recently, multiple brokerages have sent out reports on C. HSBC Securities, for example, Upgrade its rating on shares of Citigroup Inc. from “Hold ” to a “ Buy”, while setting a $85 price target on shares of the company’s stock, according to a research note from Wednesday April 11th, 2018. Macquarie Reiterated their target price for this stock from $82 to $84, while giving the stock a “Neutral” rating, as stated in a research report from Monday, February 12th, 2018. Keefe Bruyette, on the other hand, Downgrade a from “Outperform ” to “ Mkt Perform” rating on this stock in a research note dated Wednesday, January 17th, 2018.

In other news related to Citigroup Inc. stock, 81.69% shares of C held by institutions. The total number of institutions who held the C shares was 2,125, according to most recent SEC filling. During the past quarter, total 1,994,859,519 shares held by institutions with the net change of -487,177 shares. In the meantime, 64 new institutions bought the shares of Citigroup Inc. for the first time and 36 institutions sold all their holdings in the company’s common stock. 390 institutions increased their investment in the C stock and 375 institutions decreased their investment in the Citigroup Inc. (C)’s stock during the last quarter.