Notable Insider Trading: Martin Midstream Partners L.P. $MMLP

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Martin Midstream Partners L.P. (MMLP) insiders have most recently took part in a trading activity. On Jan 11, 2018 Martin Ruben S, President and CEO, 10% Owner bought 1,090 shares having total worth of $16,361 at the price of $15.01 per share, following the transaction a total of 6,409,251 shares owned by Martin Ruben S. Before this latest buy, Martin Ruben S purchased MMLP at 8 other times during the past twelve months, for a total investment of $155,240 at an average of $16.96 per share.

On the same day, Bondurant Robert D, Executive VP and CFO bought 434 shares having total worth of $6,514 at the price of $15.01 per share, following the transaction a total of 38,997 shares owned by Bondurant Robert D. Before this latest buy, Bondurant Robert D purchased MMLP at 7 other times during the past twelve months, for a total investment of $62,244 at an average of $17.37 per share.

The stock has experienced a total of 10 insider trades in the past three months. These trades include 1 sell activities and 9 buy trades. Furthermore, over the past 12 months , the stock was traded 30 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 29 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 9 1 -14.33%
12 Month 29 1 -41.35%

Shares of Martin Midstream Partners L.P. (MMLP) traded down 0.34% on Jan 4, 2018, hitting $14.65. 109,702 shares of the company’s stock traded hands. Martin Midstream Partners L.P. has a 52 week low of $12.9 and a 52 week high of $25.12. The company’s market cap is $711 million.

Martin Midstream Partners L.P. (MMLP) last announced its earnings results on Oct 25, 2017. The company reported 0.00 earnings per share (EPS) for the quarter, higher than the consensus estimate of -0.07 by $0.07., compared to the consensus estimate of $180 million. During the same quarter in the previous year, the company posted -0.03 earnings per share. The company’s revenue for the quarter was down 100% on a year-over-year basis.

2017-10-25 2017-07-26 2017-04-26 2017-02-15 2016-10-26 2016-07-27 2016-04-27 2016-02-24 2015-10-28 2015-07-29
earnings per share 0.00 0.03 0.36 0.49 -0.03 0.00 0.33 0.38 0.17 0.19
Revenue(M) 0 193.92 253.33 236.9 174.54 0 225.61 254.4 226.02 251.1

Martin Midstream Partners L.P. is a Delaware Corporation. It was formed in 2002. It is a publicly traded limited partnership with a diverse set of operations focused mainly in the United States Gulf Coast region. The Company’s four primary business lines include: Terminalling and storage services for petroleum products and by-products; Natural gas services; Sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and Marine transportation services for petroleum products and by-products. The petroleum products and by-products it gathers, processes, transports, stores and markets are produced mainly by major and independent oil and gas companies who often turn to third parties, for the transportation and disposition of these products. The Company’s primary customers include independent refiners, large chemical companies, fertilizer manufacturers and other wholesale purchasers of these products. It generates the majority of its cash flow from fee-based contracts with these customers. The Company’s location in the Gulf Coast region of the United States provides it strategic access to a major hub for petroleum refining, natural gas gathering and processing and support services for the exploration and production industry. The Company’s current lines of business include natural gas services; sulfur; marine transportation and terminalling and storage. The Company’s activities are subject to various federal, state and local laws and regulations, as well as orders of regulatory bodies, governing a wide variety of matters, including marketing, production, pricing, community right-to-know, protection of the environment, safety and other matters.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.