Mullen Group Ltd (MTL) Director Sells C$1,980,000.00 in Stock

Mullen Group Ltd (TSE:MTL) Director David Edward Mullen sold 150,000 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of C$13.20, for a total value of C$1,980,000.00.

David Edward Mullen also recently made the following trade(s):

  • On Thursday, September 20th, David Edward Mullen sold 700,000 shares of Mullen Group stock. The shares were sold at an average price of C$15.00, for a total value of C$10,500,000.00.

MTL opened at C$13.14 on Friday. The company has a debt-to-equity ratio of 49.29, a quick ratio of 1.58 and a current ratio of 1.94. Mullen Group Ltd has a fifty-two week low of C$13.01 and a fifty-two week high of C$16.93.

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Tuesday, October 30th. Mullen Group’s dividend payout ratio is presently 120.39%.

A number of equities analysts have issued reports on MTL shares. Cormark raised Mullen Group from a “market perform” rating to a “buy” rating and increased their price target for the company from C$15.00 to C$19.00 in a research note on Friday, July 27th. Royal Bank of Canada increased their price target on Mullen Group from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. BMO Capital Markets raised their price objective on Mullen Group from C$16.00 to C$18.00 and gave the stock a “market perform” rating in a research note on Friday, July 27th. CIBC raised their price objective on Mullen Group from C$17.00 to C$18.00 in a research note on Friday, July 27th. Finally, Canaccord Genuity raised their price objective on Mullen Group from C$16.25 to C$17.50 in a research note on Friday, August 17th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$16.94.

ILLEGAL ACTIVITY NOTICE: “Mullen Group Ltd (MTL) Director Sells C$1,980,000.00 in Stock” was originally published by WKRB News and is owned by of WKRB News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.wkrb13.com/2018/11/23/mullen-group-ltd-mtl-director-sells-c1980000-00-in-stock.html.

Mullen Group Company Profile

Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.

Featured Story: Diversification in Your Portfolio

Insider Buying and Selling by Quarter for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply