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In recent transactions reported to the SEC, Shawn M. Lyon, Senior Vice President of Logistics and Storage at MPLX LP (NYSE:MPLX), acquired 4,000 common units of the company. The purchase, executed on March 7, 2025, was priced at $52.75 per share, amounting to a total investment of $211,000. The purchase comes as MPLX, a $53.5 billion market cap company, trades near its 52-week high of $54.79, having delivered a robust 27% return over the past six months. According to InvestingPro data, the company maintains an attractive 7.31% dividend yield and has consistently paid dividends for 13 consecutive years. Following this transaction, Lyon’s direct ownership in MPLX stands at 25,299 shares. This move reflects continued confidence in the company’s prospects by its executive leadership, supported by MPLX’s strong financial health rating and reasonable P/E ratio of 12.35. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about MPLX’s valuation and future prospects.
In other recent news, MPLX LP announced the pricing of $2 billion in unsecured senior notes, with proceeds aimed at managing debt obligations, including $1,189 million of 4.875% senior notes due in June 2025. Additionally, MPLX LP has entered into a definitive agreement to acquire the remaining 55% stake in BANGL, LLC for $715 million, enhancing its growth platform and expanding NGL production integration. The transaction is expected to close in July 2025, pending regulatory approval. MPLX LP also filed its 2024 Annual Report with the SEC, detailing its financial performance and providing a comprehensive overview of its operations. In another development, Stifel analysts raised the stock price target for MPLX LP to $58 from $49, maintaining a Buy rating after the company’s fourth-quarter results exceeded forecasts. The firm also noted MPLX’s plans to invest $2.5 billion in downstream projects, including new fractionation facilities and an LPG export terminal. Furthermore, MPLX LP secured an underwriting agreement and added two supplemental indentures, reflecting ongoing efforts to solidify its financial structure. These recent developments underscore MPLX LP’s strategic initiatives and financial maneuvers aimed at strengthening its market position.
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