Mplx Lp (MPLX) Getting Somewhat Favorable Media Coverage, Analysis Finds
Media stories about Mplx Lp (NYSE:MPLX) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mplx Lp earned a news impact score of 0.10 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 46.3022691734263 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- MARATHON PETROLEUM CORP : ex-dividend day (4-traders.com)
- MPLX LP Common Units Representi (MPLX) Position Up in Latest Report from Morgan Stanley – Modern Readers (modernreaders.com)
- MPLX LP Common Units Representi (MPLX) Position Up in Latest Report from Morgan Stanley Last Quarter (highlightpress.com)
- MPLX LP breached its 50 day moving average in a Bearish Manner : MPLX-US : August 11, 2017 (finance.yahoo.com)
- Contrasting Mplx Lp (NYSE:MPLX) & Tallgrass Energy Partners, (TEP) (americanbankingnews.com)
Several brokerages have recently weighed in on MPLX. BidaskClub cut shares of Mplx Lp from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Royal Bank Of Canada reissued a “buy” rating on shares of Mplx Lp in a research report on Friday, July 28th. Scotiabank set a $44.00 price target on shares of Mplx Lp and gave the company a “buy” rating in a research report on Saturday, July 22nd. Guggenheim began coverage on shares of Mplx Lp in a research report on Thursday, July 20th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Zacks Investment Research cut shares of Mplx Lp from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $42.55.
Shares of Mplx Lp (NYSE:MPLX) opened at 33.26 on Wednesday. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 39.74 and a beta of 1.35. Mplx Lp has a one year low of $30.09 and a one year high of $39.43. The company has a 50-day moving average of $34.73 and a 200 day moving average of $35.49.
Mplx Lp (NYSE:MPLX) last issued its quarterly earnings results on Thursday, July 27th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the company earned ($0.11) EPS. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. Equities research analysts forecast that Mplx Lp will post $0.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 6.76%. This is a positive change from Mplx Lp’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, August 3rd. Mplx Lp’s dividend payout ratio (DPR) is presently 271.09%.
In other Mplx Lp news, CEO Gary R. Heminger purchased 9,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were purchased at an average cost of $33.26 per share, with a total value of $299,340.00. Following the purchase, the chief executive officer now owns 167,896 shares in the company, valued at $5,584,220.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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About Mplx Lp
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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