Press coverage about Mplx Lp (NYSE:MPLX) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mplx Lp earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the pipeline company an impact score of 79 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Contrasting Mplx Lp (NYSE:MPLX) & Tallgrass Energy Partners, (TEP) (americanbankingnews.com)
- MPLX LP : announces retirement of Executive VP and General Counsel C. Corwin Bromley, appointment of Suzanne Gagle as VP and General Counsel (4-traders.com)
- Sum Up The Pieces: ZMLP Could Be Worth $19 – Nasdaq.com – Nasdaq (nasdaq.com)
- MPLX LP (MPLX) Needle Moving on Volume – Evergreen Caller (evergreencaller.com)
- Neuberger Berman Group LLC Sells A Lot More MPLX LP Common Units Representi (MPLX) Stock Last Quarter – Modern Readers (modernreaders.com)
Several analysts have weighed in on MPLX shares. Jefferies Group LLC reiterated a “buy” rating and issued a $44.00 price objective on shares of Mplx Lp in a research report on Wednesday, April 19th. BidaskClub cut Mplx Lp from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Zacks Investment Research raised Mplx Lp from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. TheStreet raised Mplx Lp from a “c” rating to a “b-” rating in a research note on Friday, April 28th. Finally, Scotiabank set a $44.00 target price on Mplx Lp and gave the stock a “buy” rating in a research note on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $42.55.
Mplx Lp (MPLX) traded down 0.71% on Friday, hitting $33.35. The stock had a trading volume of 996,832 shares. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 39.84 and a beta of 1.35. The company has a 50 day moving average price of $34.60 and a 200-day moving average price of $35.60. Mplx Lp has a 52-week low of $30.09 and a 52-week high of $39.43.
Mplx Lp (NYSE:MPLX) last released its quarterly earnings results on Thursday, July 27th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. Mplx Lp had a return on equity of 6.13% and a net margin of 19.07%. The firm had revenue of $916 million for the quarter, compared to analyst estimates of $884.70 million. During the same quarter last year, the company posted ($0.11) earnings per share. The business’s revenue was up 31.2% on a year-over-year basis. On average, equities research analysts predict that Mplx Lp will post $0.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from Mplx Lp’s previous quarterly dividend of $0.44. Mplx Lp’s payout ratio is currently 271.09%.
In related news, CEO Gary R. Heminger purchased 9,000 shares of Mplx Lp stock in a transaction dated Monday, June 12th. The stock was bought at an average cost of $33.26 per share, for a total transaction of $299,340.00. Following the transaction, the chief executive officer now owns 167,896 shares in the company, valued at $5,584,220.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Mplx Lp Company Profile
MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company 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.
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